The Central Economic Committee, when reviewing economic development in the last five years, said the economy continued growing rapidly, 6 percent per annum. The economy has a scale of $340 billion, which has increased by 1.4 times, ranking fourth in ASEAN. … [Read more...] about Researchers warn of risks for Vietnam in 2021
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SCIC pours up to 345.6 million USD in Vietnam Airlines
Hanoi (VNS/VNA) - The State Capital Investment Corporation (SCIC) plans to invest 8 trillion VND (approximately 345.6 million USD) in Vietnam Airlines JSC (HVN). The amount is equal to 25 percent of HVN’s charter capital. “Vietnam Airlines will issue 8 trillion VND in shares to existing shareholders to raise its charter capital. And SCIC represents the Government to buy the shares,” Nguyen Chi Thanh, General Director of SCIC, said during a recent press conference. The two sides had a meeting to work out the HVN share price, Thanh added. Vietnam Airlines is creating a share offering plan to raise its charter capital and needs to get opinions from the State Securities Commission of Vietnam. Meanwhile, SCIC’s mission is to price HVN's share value. In order to define the share offering price, Vietnam Airlines has to evaluate its own value based on its five-year business plan. But COVID-19 is a biggest challenge for the … [Read more...] about SCIC pours up to 345.6 million USD in Vietnam Airlines
Mitsubishi recalls over 9,000 Xpander, Outlander cars in Vietnam
The problem of the products subject to the recall is that the plastic impellers for fuel pumps can inflate and stop their operation, causing the engine to stall or fail to start. … [Read more...] about Mitsubishi recalls over 9,000 Xpander, Outlander cars in Vietnam
Three cities fulfill new-style rural area building task
Hanoi (VNA) – Da Lat and Bao Loc cities in the Central Highlands province of Lam Dong and Lao Cai city in the northern province of the same name have accomplished the task of building new-style rural areas. … [Read more...] about Three cities fulfill new-style rural area building task
Solar power booms in the south
EVN said Vietnam’s favorable policies for renewable energy development, including the prime minister’s Decision No. 11/2017/QD-TTg issued on April 11, 2017, and Decision No. 13/2020/QD-TTg issued on April 6, 2020, have helped renewable energy, especially solar power, boom in the country. … [Read more...] about Solar power booms in the south
