Việt Nam News

VIB said that the additional capital from this syndicated loan will be used by the bank to finance its core retail lending activities.

HCM City and the 12 provinces and Cần Thơ City in the Cửu Long (Mekong) Delta plan to further strengthen their links in tourism management, development and promotion of tourism products and human resource development.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Việt Nam's bivalve mollusk export turnover in the first nine months of 2023 reached US$98 million, down 11 per cent over the same period last year. Of which, clam shipments alone reached $62 million, a fall of 19 per cent.

The Ministry of Industry and Trade has proposed the Government to allow it to transfer the task of managing national petroleum reserve to the Ministry of Finance in order to unify the management of reserves of essential goods into a single ministry.

The disbursement of public investment capital normally speeds up at the end of the year, coinciding with the accelerated revenue of construction companies.

Management authorities should not try to restrict the thin capitalisation of domestic enterprises by applying a loan interest expense cap regulation, the Vietnam Chamber of Commerce and Industry (VCCI) said.

Data from the General Department of Customs, the region's import-export turnover in the first 10 months reached of US$181.4 billion, accounting for 32.4 per cent of the country's total trade.

Huang attended a round discussion on semiconductor, AI development trends and opportunities for Việt Nam at NIC Hòa Lạc on Monday.

Despite market turbulence, the Vietnamese stock market experienced a gain on Monday. However, cautious investors were evident as the reserved cash flow indicated their wariness amidst the volatile market conditions.

Multinational corporations are focusing on investing in manufacturing plants in countries such as India, Mexico, Brazil, which increases competitors in Việt Nam's main export markets.

The northern province of Bắc Giang is actively promoting non-cash payments, vigorously advancing digital transformation initiatives at the local level.

"The semiconductor industry is a foundational sector and, more importantly, a critical national industry for the next 30-50 years," Minister of Information and Communications said.

The Make-in-Vietnam 2023 Digital Technology Product Award selected 43 companies with excellent products.

The centre will attract talents from around the world to contribute to the development of Việt Nam's semiconductor ecosystem and artificial intelligence (AI), and promoting startups, thus boosting digitalisation in the country.

Bạc Liêu Province has taken efforts to develop more products under the national “One Commune-One Product” programme and promote their sales to increase rural incomes.

While Việt Nam has admittedly gained momentum in agricultural exports in recent years, which rose to a record US$53.22 billion in 2022, many of its food processing companies have reportedly lost out to competitors due to their slow implementation of sustainability commitments.

It is expected that at least five securities companies will raise their charter capital in the near future, with a total value of approximately VNĐ13.4 trillion (US$553 million).

The proposal has raised controversy in the public, as there is definitely a contradiction within the draft encouraging policy.