Ha Nam lures 3.5 bln USD in investment

The northern province of Ha Nam has so far attracted 533 investment projects with a total registered capital of over 3.5 billion USD.
Ha Nam lures 3.5 bln USD in investment ảnh 1Northern province of Ha Nam (Source : hanam.gov.vn)

Ha Nam (VNA) – The northern province of Ha Nam has so far attracted 533 investment projects with a total registered capital of over 3.5 billion USD, said Director of the provincial Planning and Investment Department Nguyen Van Oang. 

They include 154 foreign direct investment (FDI) projects worth 1.4 billion USD, he said at a December 16 ceremony to mark the 70th founding anniversary of the planning and investment sector (December 31, 1945-2015). 

In the first 11 months of this year, the province lured 62 projects worth 693 million USD, including 33 foreign-invested ones.

One of the largest projects in the province is an 100 million USD telecommunication equipment and led lighting bulb manufacturing plant run by the KMW Vietnam Limited Company in the Dong Van I Industrial Park.

It has employed over 3,200 labourers and contributed 300 billion VND to the State budget each year.

Other large-scale products are a 60 million USD antenna production factory by Ace Antenna Co., Ltd in the Dong Van II Industrial Park; and a 1 trillion VND (45.5 million USD) steel and plastic pipe factory by Hoa Sen Ha Nam Co., Ltd in the Dong Van III Industrial Park.-VNA

VNA

See more

The Vietnamese section of the Monsoon – Thanh My 500kV transmission line project (Photo: VNA)

500kV transmission line from Laos energised

The Monsoon – Thanh My 500kV transmission line project is designed to import electricity from Laos’ Monsoon wind power plant to Vietnam, adding 600 MW to the national power grid during the 2024–2025 period.​

The entrance gate to Hanoi’s Ciputra Urban Area, where banks are selling apartments and villas. (Photo: cafef.vn)

Banks selling mortgaged assets to recover bad debts

The Viet Dragon Securities Company (VDSC) said that bad debts might continue to increase slightly this year, after a circular allowing banks to reschedule debt repayment periods and maintain the debt group for certain sectors expired at the end of 2024.

Vietnamese Ambassador to Argentina Bui Van Nghi (th fourth from the fright) in the meeting with Governor of Brazil's Espirito Santo state Renato Casagrande. (Photo: VNA)

Vietnam seeks to set up cooperation with Brazilian locality

In his meeting with Governor of Brazil's Espirito Santo Renato Casagrande, Ambassador to Argentina Bui Van Nghi Bui Van Nghi valued the potential for cooperation between the two sides, particularly in priority areas such as tourism, information technology, hi-tech agriculture, and seaport.

Remittances to Vietnam in 2024 are estimated at about 16 billion USD, maintaining the record-high levels seen in 2023. (Photo: VNA)

Remittances surge as Tet approaches

According to the State Bank of Vietnam’s Ho Chi Minh City branch, 9.6 billion USD, or 60% of the total remittances, flew through financial institutions, representing a 140 million USD increase from the previous year.

Bank lending in HCM City achieves high growth last year. (Photo courtesy of ABBANK)

Banks' credit up 11.3% in HCM City in 2024

Total outstanding loans of credit institutions in Ho Chi Minh City as of the end of last year were worth over 3.9 quadrillion VND (153.3 billion USD), a 11.3% increase for the year, according to the central bank.

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year. (Photo: https://doanhnhansaigon.vn)

Remittances to HCM City surge ahead of Tet

Ho Chi Minh City received nearly 493 million USD in remittances in the first 20 days of this year, according to Nguyen Duc Lenh, Deputy Director of the State Bank of Vietnam's HCM City branch.

Illustrative photo (Photo: VNA)

Retail petrol prices down in latest adjustment

The price of E5RON92 bio-fuel was priced at 20,592 VND (0.82 USD) per litre, representing a 158 VND decrease from the previous baseline, while RON95-III decreased to 21,142 VND per litre, down 78 VND.