The Asian Development Bank (ADB) and Sài Gòn-Hà Nội Commercial Joint Stock Bank (SHB) on Tuesday signed a Revolving Credit Agreement (RCA).

The first turbine of the Trung Sơn plant, Việt Nam’s first hydropower project with credit loaned from the World Bank, in Thanh Hóa Province has begun generating electricity for the national grid.

The first batch of processed chicken breasts of a Đồng Nai-based poultry company will be sold in Japan in July.

The northern province of Thái Nguyên hopes to co-operate with businesses from Ostergotland Province of Sweden in various fields, Như Văn Tám, vice chairman of the provincial People’s Committee, said.

The Bank for Foreign Trade of Vietnam, one of the country’s four largest State-owned commercial banks, plans to open subsidiaries in Laos and Cambodia this year, a bank official said.

The State Bank of Việt Nam has approved plans by two additional commercial banks, OCB and Bắc Á Bank, to set up subsidiaries specialising in providing overseas remittance services.

Việt Nam’s export value for leather and footwear gained stable growth every year during the 2011-16 period to reach US$57.5 billion in total.

The Hà Nội-based IB Securities JSC plans to issue VNĐ600 billion (US$26.67 million) worth of bonds in 2017.

The benchmark VN-Index bounced back above 710 points yesterday, boosted by strong investments in property stocks as investors sought new opportunities in speculative shares.