Việt Nam News

A concessional loan worth 70 million EUR (US$81 million) without government guarantee for the expanded Hòa Bình Hydropower Plant Project was inked on Wednesday between the Vietnam Electricity (EVN) group and the French Development Agency (AFD).

The seafood industry expects that the Government's support policies will go a long way towards helping businesses restore production and export activities as the end of the year approaches, after the latest outbreak of COVID-19 stemmed business activities.

Việt Nam's stock market rebounded slightly on Wednesday thanks to the growth of petroleum stocks but the decline of large-caps in the banking group curbed the rise of indices.

PetroVietnam Gas Joint Stock Corporation (PV GAS) has become one of the five businesses with market capitalisation of over 10 billion USD in November.

The Ministry of Industry and Trade (MoIT) is developing measures to ensure the supply of goods for the Lunar New Year in 2022 amid the COVID-19 pandemic. Trần Duy Đông, Director of MoIT's Domestic Market Department, speaks with Vietnam News Agency about this issue.

Many retailers in HCM City have adapted after strict social distancing measures, combining local and foreign brands.

Sacombank has issued 5,000 bonds to professional securities investors in a private placement to raise VNĐ5 trillion (US$219.9 million).

The internal strength and competitiveness of Việt Nam’s industry are poor while its added value also remains low. The local industry still largely depends on on foreign resources such as foreign direct investment capital, spare parts and components, said deputy minister of Industry and Trade Đỗ Thắng Hải.

Kurz International Holdings GMBH from Germany has been granted an investment licence for a hi-tech coating and thin film project worth US$40 million at the Becamex Việt Nam-Singapore Industrial Park (VSIP) in Bình Định.

Output contraction is an inevitable part of exploiting finite oil and gas fields worldwide. In Việt Nam, most of the active fields have been exploited since 1986.

During the event, Hoàng Linh - VIB Deputy Chief Financial Officer shared insightful business information of the bank with impressive figures in the nine-month period such as return on equity at 29.3 per cent, helping VIB maintain the leading position among the top efficient banks in the industry and the strong profit growth of 33 per cent, exceeding VNĐ5.3 trillion (US$228 million) with the motivation from sustainable income sources.

Vũ Phong Energy Group has been named EPC Company of the Year at the international Solar Future Awards 2021.

Việt Nam's benchmark VN-Index is expected to fluctuate in a range of 1,380-1,480 points in November, boosted by higher vaccination coverage, recovery of the economy and stimulus packages. 

After more than four months of slowing down due to the COVID-19 pandemic, the property market in the south is regaining strength and there are optimistic signs of a recovery thanks to demand still exceeding supply, experts said.

While Vietnamese activists and environmental groups are keen to see such regulations come into force, companies find themselves struggling to commit.

Businesses in Đồng Nai have called for reducing bank interest rates and restructuring debt repayment to enable them to resume operations now that the COVID-19 pandemic is basically under control.

Việt Nam has gained strong growth in trade since it joined the World Trade Organisation (WTO) 15 years ago, according to the Ministry of Industry and Trade (MoIT).

Vietnamese businesses are struggling to fulfil export orders as the COVID-19 outbreak hinders purchase of raw materials and production, and are at risk of losing customers.