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Banks to issue 7.3 billion shares worth $5.4 billion in 2027

HCM City plans to build a group of large enterprises

The report on assessment of the business environment in the Southeast provinces of VCCI said that compared to the whole country, HCM City and six provinces in the region are currently contributing about 32 per cent of GDP last year.

New automotive project granted license in Quảng Ninh

Funded by Boltun Corporation, one of the world’s largest suppliers of auto fasteners and metal parts, and QST International Corporation, the project aims to produce components for US and European electric car manufacturers.

Wood industry associations enhance ties to boost furniture exports

The Hồ Chí Minh Export Furniture Fair - HawaExpo 2023 will be held in HCM City from February 22 to 25 as part of a pact among five wood processing industry associations across Việt Nam.

Vietravel requests to raise capital

The purpose is to expand the number of aircraft in its fleet.

Pharmaceutical firms post great profits last year

Rising demand is one of the reasons explaining many pharmaceutical companies' favourable business results.

Bình Định attracts eight projects in January

The director said Bình Định will continue to improve its provincial competitiveness index and perfect its business environment to lure more investment and contribute to speeding up the province's socio-economic devepment in the next period.

First batch of ‘Diễn’ pomelos exported to the UK

The first batch of 11 tonnes of Diễn pomelo from the Yên Thủy District was transported to the UK last week by Longdan, the largest importer of Vietnamese products in this country.

Indices extend losses due to selling pressure

Persistent strong selling force weighed on the market.

Agricultural ministry urges caution amid recent high demand for areca palm

Cường warned that widespread areca palm cultivation could lead to an oversupply crisis and emphasised the importance of keeping abreast of market trends.

Bắc Giang’s train station to offer int’l freight transportation services

The Kép station will organise a fleet of trains running from Kép to Đồng Đăng Station in the border province of Lạng Sơn and then to China’s Pingxiang station.

SBV works to mitigate potential risks for non-banking credit institutions

The State Bank of Việt Nam (SBV) is collecting comments on its draft circular to minimise potential risks for non-banking credit institutions and ensure they work in accordance with international standards.

Construction rock businesses to benefit from 2023 public investment

Experts expect investment demand to increase thanks to this year’s public investment projects, boosting the growth of construction and building materials businesses

Market to go backwards amid cautious cash flow

The VN-Index closed at 1,055.3 points after losing 0.82 per cent. With 463.9 million shares matched on HOSE, liquidity somewhat improved.

Deposit rate continues to drop but lower lending rate remains a challenge

Both the six-month and 12-month term rates now stand at 9.3 per cent per year, down from 9.7 per cent and 9.5 per cent per year, respectively.

State investment fund needed to attract foreign indirect investment

The development strategy for 2030 and the restructuring project were being completed before being submitted to the Prime Minister for approval, which would pave the way for the foundation of the state investment fund.

Low coffee prices dog coffee exporters

The situation could turn around in Q1 as global coffee consumption is expected to pick up on the back of falling inflation worldwide, leading to the recovery of coffee prices.

Industrial production plunges in January over Tết holiday

The GSO attributed the IIP reduction to the Lunar New Year (Tết) holiday which fell in January. Due to the Tết holidy, the number of working days in January was 8-10 days fewer than December and January 2022.

PM hosts Brunei Minister of Finance and Economy

The Brunei minister lauded Việt Nam’s socio-economic achievements and affirmed that the country is among potential partners of Brunei that can help his country with economic restructuring and diversification.

PM holds roundtable discussion with Brunei energy, oil and gas firms

Delegates discussed and proposed new business ideas and opportunities to lift bilateral economic, trade and investment ties, especially in energy and oil and gas.

HDBank to maintain high growth, promote digital transformation

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) is set to maintain strong growth both in scale and quality, a representative of the bank told its Investors Conference while announcing its business results for 2022 in HCM City on February 10