State-owned economic groups had registered 114 outward investment projects as of the end of 2019 with registered capital of $13.8 billion, according to the MInistry of Public Investment. The total investment capital transferred abroad reached $3.8 billion and the profit $270 million. … [Read more...] about How are SOEs’ outward investment projects performing?
Vanderbilt 2019 bridge
Plywood exports face trade defence risks in US, RoK Vietnam’s plywood exports, despite good growth amid the COVID-19 pandemic, are facing allegations of dumping and evading trade remedies in two largest markets namely the Republic of Korea (RoK) and the US. … [Read more...] about VN firms export products to Japan via retail channel
Singapore (VNA) – A gradual U-shaped recovery is expected for the ASEAN+3 region, which includes ten ASEAN member states, China, Japan and the Republic of Korea, according to an updated forecast by ASEAN+3 Macroeconomic Research Office (AMRO). Regional growth is expected to slow sharply this year to zero percent, from 4.8 percent in 2019, before rebounding strongly to 6.0 percent in 2021, AMRO said in a statement. Nine of the 14 ASEAN+3 members are expected to contract this year, while economies projected to record positive growth rates are China and smaller ASEAN economies – Brunei, Laos, Myanmar and Vietnam. Strict containment measures to prevent the coronavirus from spreading have caused economies to come to a standstill, leading to massive increases in unemployment, disruptions to businesses, and widespread collapse in domestic demand. Additionally, bans on international travel have decimated the region's all-important tourism sector. AMRO said the resurgence in … [Read more...] about U-shaped recovery expected in ASEAN+3: AMRO
Nestlé Vietnam has been continually named among the top 100 businesses with largest contributions to state coffers as well as the top 10 most sustainable development companies in the country. Addressing the ceremony to donate noble awards of the Party and the state to deserving individuals and enterprises in the southern province of Dong Nai where the enterprises are located, Dang Thi Ngoc Thinh, Vice State President and Deputy Chairwoman of Central Council of Emulation and Reward, and Cao Tien Dung, Chairman of Dong Nai People’s Committee, lauded the individuals and corporate entities, saying that they are eminent examples with inspiring creativity at work deserving to be commended. … [Read more...] about Nestlé Vietnam honoured with Certificate of Merit from Vietnamese prime minister
The VietinBank-funded schools are kindergartens in communes of Trung Nghia, Trung Thinh and Dong Luan in Thanh Thuy district, Thu Cuc in Tan Son district, and Ngo Xa in Cam Khe district. The bank has supported a total amount of nearly VND 188 billion for Phu Tho province in an effort to ease difficulties of the province and effectively implement the policies and guidelines of the Party, State and Government on sustainable poverty reduction. … [Read more...] about VietinBank funds for building 5 schools in Phu Tho