Vietnam plans to lower tariffs on U.S. frozen pork, corn and wheat, a further sign of easing trade tensions with its biggest export market.
A consortium consisting Denmark-based Semco Maritime A/S and PetroVietnam Technical Services Corporation has been selected to build two offshore substations for two wind projects in Taiwan.
Vietnam looks to spend $10-11.5 billion a year between 2021 and 2030 on electricity generation and transmission, according to the latest draft Power Development Master Plan VIII.
Three sections of the North-South Expressway to be built by public-private partnerships are facing trouble mobilizing funds from banks.
- PetroVietnam’s subsidiary to build two offshore wind power substations in Taiwan 1
- Vietnam to spend $10-11.5 bln a year on power sector 2
- Three North-South Expressway segments face funding difficulties 3
- State Treasury purchases $150 million from commercial banks 4
- Vietnam receives 74 million doses of COVID-19 vaccines 5
- 68 pct of garment, footwear firms suffer cancellations, penalties 6
The Vietnam State Treasury has successfully purchased $150 million from 30 commercial banks, said Luu Hoang, head of the VST Department of Treasury Management.
As many as 74 million doses of COVID-19 vaccines landed in Viet Nam, according to Minister of Health Nguyen Thanh Long.
Over 68 percent of garment and footwear enterprises in Vietnam have been penalized by their foreign customers for late delivery, some with cancellation and compensation demands.
State-run PetroVietnam Power Corp has signed a deal to allow a consortium of two local banks to arrange a $1.4 billion syndicated loans for two liquefied natural gas projects, the government said.
Garment and textile firms face labor shortages and broken supply chains, and find it hard to fulfill their export orders, the Vietnam Textile & Apparel Association has said.
The Government of Ho Chi Minh City sent message inviting workers to return the city to resume working as half of labor force at industrial parks opted to travel to their hometown.
Minister of Agriculture and Rural Development Le Minh Hoan and U.S. Trade Representative Katherine Tai signed an agreement addressing U.S. concerns in the Vietnam timber Section 301 investigation on Friday.
Profits of the banking industry in the third quarter would decrease by 19 percent compared to the previous quarter due to slowing credit growth and increasing provision expenses, Yuanta Securities Vietnam estimated.
Vietnam's unemployment rate rose to 3.72 percent in Q3, the highest since early 2020 when the novel coronavirus was first detected in the country.
Vietnam is going through the demographic transition to an older society at an earlier stage of economic development and a lower level of per capita income than other countries, World Bank said.
Businesses want HCMC to reopen its economy soon to ensure their survival after over three months of social distancing amid prolonged Covid-19 outbreaks.
The Civil Aviation Authority of Vietnam has proposed the classification of domestic airports depending on COVID-19 risks for the re-opening of regular domestic flights amid the pandemic.