Fitch Upgrades Vietcombank's Viability Rating to 'b+'; Affirms IDR at 'BB-'; Outlook Positive
The upgrade of Vietcombank's VR is driven by Fitch’s assessment that Vietnam's banking system operating environment (OE) factor score has returned to a pre-pandemic level of 'bb-', as business conditions have been substantially less severe.
Some Global Furniture Companies Face Delayed Orders and Depleted Inventories after Few Months of Lockdowns in Vietnam
Pottery Barn parent company Williams-Sonoma is experiencing inventory delays, particularly in children's home furnishings, as suppliers in Vietnam work to boost production, CEO Laura Alber said during the company's Q3 earnings call.
Partnership for a Successful Circular Economy in Vietnam
The Cities Development Initiative for Asia (CDIA) committed to provide a Technical Assistance to Vung Tau city. Within the framework of this TA Agreement, CDIA will prepare a holistic solid waste management investment program for Vung Tau City.
Vietnam’s Exports to Hit Almost USD535bn by 2030
Additionally, the research found that 41 per cent of global corporates currently do or plan to manufacture in Vietnam within the next five to 10 years. This is evidence that Vietnam will be a major driver of global trade growth over the next decade.
Inflation Concerns Push up Emerging East Asia Bond Yields
Growth in Viet Nam’s local currency bond market accelerated to 8.1% from the previous quarter, increasing the market size to $83.6 billion. Annual growth slowed to 23.5%.
ADB and PVN Establish Partnership to Promote Green Energy Development in Vietnam
The MOU establishes the foundation for cooperation activities between PVN and ADB such as strategy and roadmap for greenenergy transition; carbon capture,utilization and storage; hydrogendevelopment; offshore wind energy development.
Gojek Officially Launches GoCar for All Users in Ho Chi Minh City, Starting with its GoCar Protect Service
GoCar Protect includes additional safety and hygiene features to prevent potential virus spread, giving users greater peace of mind and setting new industry standards for hygiene and safety
JICA Provides Vietnam with Cold Chain Equipment
Vietnam is currently running the largest ever vaccination campaign in its history, and the cold boxes, as essential equipment provided by the biggest procurer of vaccines in the world - UNICEF, will help to get vaccines to remote areas.
Vietnam’s Economic Contraction Bottomed Out, Experts Say
First, on the health front, continued rapid vaccination and vigilance with testing and quarantining will be critical as infection numbers are expected to rise with increased mobility and interactions. Second, more proactive fiscal policy would support economic recovery.
JICA Supports Vietnam With Renewable Energy
JICA signed a facility agreement on May 21, 2021 to provide up to US$25 million for the construction of these projects together with other co-sponsors namely the Asian Development Bank (ADB) and the Australian Export Finance (EFA).
HSBC’s Vietnam Day Confirms Vietnam’s Opportunities in a Post-Covid World
Commenting on the Fed rate, Mr. Frederic Neumann said Vietnam would be less likely exposed to high US interest rates due to strong fundamentals and its export-driven economy, although it could be a headwind for economic growth.
Partners Pledge $665 Million to Support Green Recovery in Asean
The new funding will add to the $1.4 billion in cofinancing commitments already pledged to the ACGF since 2019, bringing total pledges to the facility to $2 billion.