The Southern Key Economic Zone needs specially tailored policies to attract large amounts of foreign direct investment and improve linkages between localities to ensure sustainable development, experts have said.
Rising medium- and long-term capital demands to meet stricter regulations on credit safety limits and capital adequacy early next year were putting pressure on commercial banks to issue bonds in the final months of the year, experts said.
Ha Long city of the northern coastal province of QuangNinh, located on the banks of the UNESCO World Heritage Site of Ha Long Bay, is still a popular tourist attraction with nearly 7.15 million visitors in the first eight months of this year, up 22 percent year on year.
Economic zones and industrial parks in the central province of Quang Tri attracted over 40 trillion VND (over 1.7 billion USD) from 150 investment projects as of July this year.
The State Bank of Vietnam has approved the plan submitted by the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) to issue bonds worth 10 trillion VND (427.4 million USD).
The national carrier Vietnam Airlines (UPCoM: HVN) has gained approval of the Ho Chi Minh Stock Exchange (HoSE) to list its 1.4 billion shares on the southern bourse.
The revival of the Vietnam National Shipping Lines (Vinalines) along with infrastructure will be a basis to help the country’s maritime giant to continue its ‘sailing’.
The Southern Key Economic Zone needs special policies to attract foreign direct investment (FDI) and improve linkages between localities to ensure sustainable development, experts have said.
The central province of Quang Tri’s People’s Committee held a ceremony on January 15 to announce and hand over the Prime Minister’s decision that approves the construction of My Thuy port.
Prime Minister Nguyen Xuan Phuc has asked the Tax Department of Ho Chi Minh City to hold back on enforcing a tax decision on collecting 3.14 trillion VND (some 136.1 million USD) from Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) for violations on special sales tax.
The northern border province of Quang Ninh will put into service three major transport projects in December this year, said Secretary of the provincial Party Committee Nguyen Van Doc.
The central coastal city of Da Nang will increase the level of scrutiny applied to budget tours in a bid to further develop sustainable tourism services.
The northern province of Bac Giang has successfully secured more than 1.5 billion USD in 16 tourism projects at an investment promotion conference held in Bac Giang city on October 10.
The life insurance sector pumped over 215 trillion VND (9.34 billion USD) into the economy in the first half of this year, according to the Insurance Association of Vietnam (IAV).
Nineteen projects with total capital of 1 billion USD received investment licenses at an investment promotion conference of southern Binh Phuoc province on August 20.
The central city of Da Nang plans to build a logistics complex to position itself as an international-standard logistics centre for Vietnam, ASEAN and the Asia Pacific region by 2030.
The Vietnam Securities Depository (VSD) will apply a new minimum initial margin ratio of 13 percent from July 18 instead of the previous 10 percent for VN30 Index futures to avoid violations and ensure the security of the derivatives market.
The Vietnam National Shipping Lines (Vinalines) is scheduled to carry out its initial public offering (IPO) in August, according to the firm’s latest equitisation plan recently submitted to the Prime Minister for approval.
Business
