Việt Nam News

Green credit growth in Việt Nam has remained limited due to the lack of a clear legal framework, according to industry insiders.

Phùng Anh Tuấn, executive vice chairman and secretary general at Việt Nam Association of Financial Investors (VAFI), passed the remarks at the Fintech Revolution Summit in Hà Nội on Monday.

The domestic price cap for air service will averagely increase by 3.75 per cent from the current one from the second or third quarter of 2023, according to the Ministry of Transport.

According to an expert from Việt Nam Securities Company Limited Bank for Foreign Trade (VCBS), the country's rice industry enjoys favourable factors, such as weather and geographical advantage.

It logged a long rising streak of five days with the market's breadth inclining to the uptrend.

VPBank on Monday announced that it has entered into an agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) - a subsidiary of Sumitomo Mitsui Financial Group, Inc (SMFG) to issue 15 per cent of equity stake through a private placement, officially welcoming SMBC as a foreign strategic investor of the bank.

Việt Nam exported 7,420 tonnes of coffee worth US$18.77 million to the Netherlands in the first two months of the year, up 93.1 per cent in volume and 105.7 per cent in value year on year, according to the General Department of Việt Nam Customs.

Investors are likely to have few opportunities to disburse when the market is entering a sideways state with low liquidity, said brokerages.

The Vietnamese retail market is worth US$142 billion and is expected to increase nearly 2.5 times to $350 billion by 2025.

Long Son JSC, one of Việt Nam’s leading cashew processors and exporters, is stepping up intensive processing to boost exports of processed nuts.

First Vice President of the Belgian Senate and President of the Belgian-Vietnamese Alliance (BVA) Andries Gryffroy underlined that Bình Định is a "golden gate" to Southeast Asia.

According to Huỳnh Tấn Bửu, the General Director of Sun Electronics, the centre is the first in the country to offer training programmes that comply with the International Process Control (IPC) standard.

Large foreign financial groups have actively penetrated the Vietnamese consumer finance market, which has significantly helped accelerate the digitalisation of the country’s financial services.

Commercial banks that underwrite and sell corporate bonds have to buy them back if investors so demand, the central bank has said. 

In the long run, the province's development model should be associated with science-technology and innovation to facilitate the establishment of a new ecosystem by the requirements of new investors and employees, contribute to increasing the provincial labour productivity and helping it participate deeply in the industrial value chain, Khái said.

With this new office, FPT Software is the first Vietnamese IT company to open a second office in the Korean market in an effort to strengthen the company’s presence in the market and become a world-class, billion-dollar company.

Việt Nam exported 7.13 million tonnes of rice for US$3.4 billion last year, up 13.8 per cent in volume and 5.1 per cent in value year on year, making it among the top three rice exporters globally, according to the Ministry of Industry and Trade.

Twelve start-ups working in the areas of clean energy and circular economy in Việt Nam successfully completed their training in the Green Tech Incubator programme.