Mr. Lin Zhong, Chairman of CIFI, said "We welcome the upgrade of our corporate family rating and senior unsecured debt rating by Moody's. The move is the capital market's recognition of CIFI's achievements. CIFI raised funds prudently in the offshore capital markets in 2020. The newly issued long-term US dollar debts exceeded 5-year maturity, effectively extending the average debt maturity and lowering the average financing costs. It fully reflects the recognition of credit quality of CIFI by the investors. … [Read more...] about CIFI’s Corporate Family Rating (CFR) Upgraded to ‘Ba2’ and Senior Unsecured Debt Rating on Its Existing Notes Upgraded to ‘Ba3’ by Moody’s Outlook Stable
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HCM City (VNA) – Leaders of European businesses in Vietnam were more positive about their firms’ performance in the third quarter of 2020, according to the Q3 Business Climate Index (BCI) released by the European Chamber of Commerce (EuroCham). The index, conducted by YouGov Vietnam, rebounded in Q3, jumping 24 points to reach 57.5 – the highest score since the outbreak of the global COVID-19 pandemic. In Q1, when COVID-19 first hit international trade and investment, the BCI fell to 26 points. It saw a slight increase in Q2 as Vietnam became one of the global success stories of the pandemic. Now, with businesses able to operate with far fewer restrictions and the EU-Vietnam Free Trade Agreement (EVFTA) entering into force on August 1, the confidence of European business leaders has seen a strong resurgence, according to EuroCham. Business leaders were more positive about their own enterprise in Q3, with 40 percent describing their performance as either … [Read more...] about European firms in Vietnam more positive about Q3 performance
The CIEM director proposed solutions for the development of the digital economy, including ensuring a safe network security environment, completing competition policies, amending tax laws to regulate digital-based activities, enhancing the effectiveness of intellectual property protection, and regulating regulations related to the labour market and social security in the digital context and infrastructure. … [Read more...] about Experts discuss Vietnam’s digital economic development in post-COVID-19 time
Noted advantages such as a relatively efficient and stable governing structure, regulatory and some cultural familiarity for companies accustomed to doing business in China, highly competitive labor costs, business-friendly tax profile along with generous incentives, and proximity to pre-existing Asian supply chains all recommended Vietnam for foreign investors. These advantages have coupled with significant developments this year to further strengthen Vietnam’s competitive allure for FDI, especially for US business.” … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?
These partnerships have allowed Validus Vietnam to provide supply chain financing to Vietnamese businesses across the agriculture, pharmaceutical and construction industries, which helps significantly boost SME lending and address the US$21 billion SME financing gap in the country. IFC, as a strong supporter of private sector development in Vietnam, will help Validus Vietnam reach out to many more businesses including SMEs through its diverse network of clients and partners in the country. This will help connect local SMEs with Validus’ supply chain financing services, enhancing Vietnam's SME ecosystem to further SME growth and financial inclusion, especially in the nation's key burgeoning industries - agriculture, manufacturing, wholesale trade and healthcare. … [Read more...] about Validus Vietnam collaborates with IFC to expand supply chain financing to SMEs in Vietnam