G-bonds vs access to capital
Apart from the lower capital efficiency due to the amount raised from G-bond issues outpacing the disbursement of public investment capital, which has resulted in the cash balance in the State budget soaring, the excessive capital mobilized from via G-bond sales has also worsened the crowding-out
Three-month e-visa validity officially proposed
HCMC – The Government has proposed that the National Assembly (NA) extend the e-visa validity to 90 days with single or multiple entries to attract more international visitors to Vietnam. The recommendation was part of the Government’s proposals presented to the NA plenary session today, May 27,
Jan-May foreign investment reaches nearly US$11 billion
HCMC – Fresh foreign direct investment (FDI) approvals in the year to May 20 had hit US$10.86 billion, down 7.3% over the same period in 2022, according to the Foreign Investment Agency at the Ministry of Planning and Investment. The newly-registered FDI projects had total pledged capital of
Highways 55, 56 to have traffic surveillance camera systems
HCMC – Ba Ria-Vung Tau Province is set to launch the second phase of a project to install smart traffic surveillance camera systems on national highways 55 and 56 on June 20, according to provincial authorities. The camera systems will monitor the province’s sections of the national highways, the
Businesses fret over worsening hardships by year-end
HCMC – Vietnamese enterprises are facing extreme hardships, according to a report sent to the prime minister by the National Private Economic Development Research Board. Of the 9,556 businesses surveyed, about 82.3% may downsize, suspend operations, or exit the market in the remaining months of
Major banks further lower deposit interest rates
HCMC – Several major banks have slashed their deposit interest rates by 0.5 percentage point compared to those in mid-May, right after the State Bank of Vietnam (SBV) announced two decisions further lowering key interest rates in its easing cycle. Vietcombank has recently revised down its deposit
The Ministry of Industry and Trade approves temporary prices for 19 transitional renewable power projects
The Ministry of Industry and Trade has approved 19 transitional renewable power projects, with prices temporarily calculated at 50% of the ceiling in the price bracket, with a total capacity of 1,347 MW.
Vietnam, New Zealand target US$2 billion in 2024 bilateral trade
HCMC – Vietnam and New Zealand will make efforts to bring two-way trade to US$2 billion by 2024 from last year’s US$1.2 billion, heard a bilateral meeting in Hanoi. The target was raised at the eighth meeting of the Vietnam-New Zealand Joint Trade and Economic Commission (JTEC) held recently in
VND120-trillion package not for real estate rescue: Deputy PM
HCMC – The VND120-trillion credit package is not intended to rescue the struggling real estate sector but to achieve the target of building at least one million social homes by 2030, Deputy Prime Minister Tran Hong Ha said at a meeting held yesterday, May 24. The package is designed to support
Ministry approves electricity prices for 19 renewable energy projects
HCMC – The Ministry of Industry and Trade has approved the provisional electricity prices for 19 wind and solar power plants with a total capacity of around 1,400MW. Among them, five are solar power plants and 14 onshore and offshore wind farms. As of May 24, 25 out of 85 wind and solar power
Central bank, 26 bank leaders convene
HCMC – The State Bank of Vietnam (SBV), the nation’s central bank, held a meeting to discuss interest rate reductions with 26 banks this morning, May 25. Information about the meeting has grabbed much attention as it comes amid the SBV’s key interest rate cut decision coming into force on the same
Work on Cat Bi Airport’s Terminal T2 to start in Q4
HCMC – Construction of Terminal T2 at Cat Bi International Airport in Haiphong City is expected to begin in the fourth quarter of the year. The terminal will have to be completed within one year, according to Notice No. 192/TB-VPCP on the conclusion of the prime minister, regarding his inspection
