Việt Nam News

Japan Petroleum Exploration Company Ltd (JAPEX) is set to buy an undisclosed stake in ITECO Joint Stock Company and join hands to build a liquefied natural gas terminal in a northern city.

Shares plunged on Thursday on the two national stock exchanges as negative information continued to weigh on the real estate group.

The Asian Development Bank (ADB) signed a US$25 million loan with Tiên Phong Commercial Joint Stock Bank (TPB) to expand access to finance of women-owned and led small and medium-sized enterprises (WSMEs) in Việt Nam. 

The Government has issued a resolution on tasks for the implementation of the socio-economic development plan and State budget estimate in 2022 with a target of 6 to 6.5 per cent growth in Gross Domestic Product (GDP) and US$3,900 GDP per capita.

Since the US Department of Commerce decided to apply the highest ever tariff rate (over 412 per cent) for raw honey imported from Việt Nam, which exports more than 90 per cent of its honey to the US, small honey companies have been like a beehive under attack.

Foreign enterprises chose the southern key economic region as an investment destination, due to to its young and abundant labour force with lower wages other countries, and large consumer market

Standard Chartered Bank forecasts Việt Nam’s recovery will accelerate markedly in 2022, with GDP growing by 6.7 per cent. The bank raises its 2023 growth forecast for Việt Nam to 7 per cent as it believes Việt Nam’s positive medium-term outlook remains intact.

Deputy Prime Minister Lê Văn Thành has requested ministries, sectors and localities to closely coordinate with Chinese agencies to speed up customs clearance, striving to have no congestion of cargo trucks at border gates before Tết (Lunar New Year) holidays.

Shares reversed course to trade higher on Wednesday, strengthened by the strong increase of banking stocks that attracted hugh injection of cash flow.