Việt Nam News

This is also a large and open market, with import duties ranging from zero to 5 per cent

As of the end of February, the collective assets of insurance enterprises were anticipated to hit VNĐ934.8 trillion, up 11 per cent year-on-year and 2.4 per cent compared to the end of last year.

SBV has asked commercial banks to proactively balance capital sources, and promptly meet the loan needs of people and businesses producing, processing, purchasing, temporarily storing and exporting rice, especially during the winter-spring crop of 2023-24, in the Cửu Long (Mekong) Delta region.

The central city is focused on personnel training to serve semiconductors and artificial intelligence (AI), among other fields.

Foreign investors, on the other hand, were still net sellers on the market. They net sold nearly VNĐ42 billion on HNX and VNĐ460.56 billion on HoSE.

Bình Phước Province is focusing on developing supporting industries to supply its key industries and also export.

The Vân Phong 1 BOT Thermal Power Plant in the Vân Phong Economic Zone of the south-central province of Khánh Hòa was inaugurated on Wednesday, supplying an additional 8.5 billion kWh per year, accounting for approximately 3 per cent of the total electricity output nationwide.

Some 200 companies are taking part in an international horticultural and floricultural expo being held in HCM City from March 13 to 15.

Local automobile sales in February plummeted 50 per cent year-on-year to 11,633 automobiles, the biggest drop in three years.

HDBank is deploying a programme that provides a solution set and a credit package worth VNĐ2 trillion (US$81.37 million) for fuel retailers, including financing of up to 60 per cent of the cost of installing an electronic invoice issuance system from March 1.

The fleets of some Vietnamese airlines are likely to shrink in 2024 and 2025, thus subsequently affecting their transportation capacity on domestic and international routes, said the Civil Aviation Authority of Việt Nam (CAAV).

Although Việt Nam holds huge potential to boost rice export in 2024 as the world is forecast to face a shortage of about five million tonnes of the grain, limitations in linkage chain must be tackled for the industry to move forward.

Prolonged hot weather has caused cashew trees in Bình Phước Province to wilt at a time when prices of the nut are also low, causing farmers severe losses.

The PetroVietnam Power Corporation (PV Power)'s electricity sales revenue for February 2024 dropped by nearly 45 per cent compared to the same period last year, according to the latest report by the company. 

Việt Nam’s exports have been on a path of recovery since the beginning of the year. According to a report from the General Statistics Office (GSO), the total export turnover of goods in the first two months of 2024 reached US$59.34 billion, a 19.2 per cent increase compared to the same period last year.

Syndicated loans with the participation of more than one bank in managing and evaluating projects also help increase the transparency and efficiency of projects.

The current legal system does not have specific regulations on identifying key industries as well as specific policies to promote the development of these industries.

According to Việt Nam Bond Market Association, the market remains gloomy when regulations on corporate bond issuance are tightened, including criteria for professional individual investors and credit rating.