Manufacturing

Thipha is the second-largest manufacturer of electrical cables and wires in Vietnam, with a business presence throughout Vietnam and Southeast Asia. It has established strong market positions across the business-to-government and the business-to-business market segments both domestically and overseas. Dovina manufactures copper wire, copper rods, aluminum rods, and processes PVC and XLPE compound plastic products. They are among the 100 largest private companies in Vietnam. … [Read more...] about Thai Stark Corporation PCL swallows Vietnamese cable manufacturers for $240 million

Binh Son Refinery and petrochemical company – a major breadwinner for the provincial budget – saw its sales fall 30 to 40 per cent. Textile and wood-chip processing and export companies delayed production as material imports from China ceased. … [Read more...] about COVID-19 ravages economy of central Viet Nam

Vietnamese economy to grow despite COVID-19: ADB Vietnam’s economic growth rate is expected to slow sharply to 4.8 per cent this year due to the impact of the COVID-19 pandemic, said a new Asian Development Bank (ADB) report released on Thursday.   … [Read more...] about COVID-19 ravages economy of central Vietnam

Hanoi (VNA) – The State Bank of Vietnam (SBV)’s net purchase of foreign currencies exceeded 11 billion USD in the first half of 2018, increasing the nation’s foreign exchange reserves to approximately 63.5 billion USD. The figures were announced by SBV Governor Le Minh Hung at an online conference between the Government and localities held in Hanoi on July 2. He said the SBV has carried out a flexible currency policy to stabilise the average interest rate. The average lending interest rate was reduced by 0.5 percent over the January-June period. Meanwhile, credit grew approximately 6.9 percent from 2017, with its structure occupied mainly by those lent to the processing-manufacturing sector (16.3 percent) and rural agriculture (21 percent), as well as small- and medium-sized businesses (nearly 7.1 percent). Hung stressed that the credit structure has been shifting towards supporting the development of special production areas like export, rural farming, and the … [Read more...] about Foreign exchange reserves hit 63.5 billion USD

CENTRAL REGION — Đà Nẵng City and Quảng Nam Province – two key economic driving forces for the central region – have both suffered sharp reductions in growth in the first quarter due to the impacts of the COVID-19 pandemic. … [Read more...] about COVID-19 ravages economy of central Việt Nam