Many firms are keen on investing some VNĐ100 trillion (US$4.4 billion) in renewable energy projects in Bạc Liêu Province, according to the provincial authority.

Vietnamese shares plummeted yesterday as investors realised short-term profits. Worries remained that the adjusted policy on margin lending could take effect early next month.

The Bình Sơn Refining and Petrochemical Company (BSR), the operator of the Dung Quất Oil Refinery in central Quảng Ngãi province, earned VNĐ5.5 trillion (US$244.5 million) through the sale of nearly 242 million shares during its initial public offering (IPO) held on Wednesday.

Many business people, who hold leadership positions at both banks and other firms, have decided to give up their positions in enterprises and keep the banking management positions to meet a new Government regulation.

The public investment restructuring scheme in 2017-20 will focus on core sectors of the economy and major projects that give impetus to socio-economic development and promote public and foreign investments under public-private partnership (PPP) practice.

Agribank, Vietcombank, Vietinbank, BIDV and VPBank will reduce lending interest rates by 0.5 per cent a year for prioritised economic sectors, such as small and medium domestic businesses. Financial expert Nguyễn Trí Hiếu answered Việt Nam News questions on the matter.

Hà Nam pledged to create favourable conditions for production and business at a meeting on Wednesday with more than 200 foreign investors investing in the northern province.

The PetroVietnam Power Corporation (PV Power) will offer 20 per cent of its shares in an initial public offering (IPO) on January 31.

Nguyễn Thành Phong, chairman of HCM City People’s Committee, and Mitazono Satoshi, the Governor of Japan’s Kagoshima prefecture, met on January 16 to discuss ways to enhance cooperation in tourism, food processing and high-tech agriculture.