DFC CEO returns to Vietnam to bolster private sector
U.S. International Development Finance Corporation (DFC) CEO Scott Nathan on Thursday traveled to Ho Chi Minh City, his second trip to Vietnam in two months, in a move to bolster the private sector in the country.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese enterprises need assistance to survive: economist
Vietnamese businesses are facing unprecedented difficulties, and many are being forced to tighten spending to survive. The government needs to reduce costs for businesses such as waiving and reducing interest rates, fees, and taxes to help them stay afloat, said Nguyen Dinh Cung, former director of the Central Institute for Economic Management (CIEM).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
81% of surveyed firms pessimistic about Vietnam economic outlook
Up to 81.4% of Vietnamese firms have a negative outlook on the country's economic conditions this year, according to a new survey by the Prime Minister's Private Economic Development Research Board.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB scales up corporate finance lending in Asia
The Asian Development Bank (ADB) is ramping up its lending to the private sector and financial institutions across the continent via its Private Sector Operations Department, or PSOD.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam aims to raise private sector contribution to 55% of GDP in 2025
Vietnam eyes to raise the private sector contribution to the GDP to 55% in 2025 and 60-65% in 2030, according to a new government resolution.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC, Australia partner to boost Vietnam’s private sector growth
At least $300 million in private investments in Vietnam is expected to be unlocked by a new partnership between the World Bank’s investment arm IFC and the Australian government, IFC announced Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
US, Vietnam launch program to spur private sector’s growth
The U.S. Mission to Vietnam and the Vietnamese Ministry of Planning and Investment (MPI) announced Tuesday a program to promote the country’s private sector-driven sustainable growth.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam requires $13-bln seaport infrastructure investment by 2030
Vietnam needs to invest $13 billion in seaport infrastructure by 2030 to improve the handling of container goods from the current 24 million twenty-foot equivalent units (TEU) a year to 30-40 million.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB rolls out new country partnership strategy for Vietnam
The Asian Development Bank (ADB) has launched a new country partnership strategy for Vietnam for the period 2023–2026, to help promote inclusive, green, and private sector-led development in the country.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Infrastructure incentives, reforms to help Vietnam attract private capital: HSBC
Developing transport infrastructure is again a priority in a post-pandemic Vietnam but more reforms are needed to incentivize private investments, HSBC said Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC intends $225 mln loan to VPBank
International Finance Corporation (IFC), the largest global development institution focused on the private sector in developing countries, has proposed a five-year loan package of up to $225 million to VPBank.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
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- Editor’s Picks
-
Korean chaebol SK okayed to study investment in central Vietnam LNG-to-power plant
-
Vietnam gov’t irons out incentives for rooftop solar development
-
Citibank, ING lend PV Power $300 mln to develop Vietnam's first two LNG plants
-
Vietnam deposit interest rates pick up after year in hibernation
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Multinational home tool firm Techtronic to invest $650 mln in Vietnam
