News

The Viet A Commercial Joint Stock Bank signed a financial agreement with Da Nang-based PGT Group to arrange loans for a luxury apartment and hotel complex – the Premier Sky Residences – in the central city on Thursday.

French bank Société Générale has been chosen to be the financial adviser for the initial phase of the Ke Ga offshore wind power project – the world’s biggest project of its kind at present.

The Ministry of Industry and Trade (MoIT) has worked out comprehensive solutions to expand and seek more export markets for Vietnam’s goods, towards fostering the country’s export, especially to member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

The Purchasing Managers’ Index (PMI) of Vietnam rose to a four-month high of 52.5 in April from 51.9 in March, signalling a solid monthly improvement in the health of the manufacturing sector, according to a Nikkei-IHS Markit survey.

Vietnam’s turnover from fruit and vegetable exports to the Chinese market reportedly lost its growth momentum in the first quarter of this year, falling for the first time after many years of continuous growth.

BIM Group has put into operation three solar-power plants integrated with the national grid, with a capacity of 330 megawatt peak (Mwp), after nine months of construction.

The State Bank of Vietnam (SBV) bought 8.35 billion USD from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve.

The private sector is seen as a mainstay of Hanoi’s economic development as the nearly 250,000 firms make up 40 percent of gross domestic product (GDP) and generate jobs for over 50 percent of the labourers in the city.

A delegation of 14 Indonesian firms is visiting Vietnam in search of local partners in the coal industry, heard attendees at a business forum titled “Indonesia–Vietnam potential in coal trading,” held in Hanoi on May 3.