Despite heavy impact of the COVID-19 pandemic on the domestic and global economies, Vinamilk has still taken proactive actions to seek opportunities in potential markets, it noted, adding that the export of dairy products to China, the Republic of Korea and some other markets contributed 1.37 trillion VND to the net revenue in Q2, up 26.8 percent quarter on quarter and 7.1 percent year on year. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3
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Vietnam fulfills international commitments as EVFTA takes effect
In the last 18 years, two-way trade value between the EU and Viet Nam has increased more than 13 times from about US$4.1 billion in 2000 to $56.45 billion last year. Vietnamese exports to the EU last year reached almost $41.5 billion and imports from the EU were over $14.9 billion, he said. … [Read more...] about Vietnam fulfills international commitments as EVFTA takes effect
Electricity of Vietnam suggests not to extend deadline for wind farm FiT
The COVID-19 pandemic remains a major concern, freezing international flights while all machinery and equipment for wind farms are imported and foreign experts still cannot enter Vietnam. In addition, it takes at least one year for manufacturers to complete equipment orders for wind farms. Thus, it is nearly impossible for investors to complete wind farm projects on time to enjoy the current FiT. … [Read more...] about Electricity of Vietnam suggests not to extend deadline for wind farm FiT
Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC
In its latest report, HSBC said foreign direct investment (FDI), the key driver of Vietnam’s growth, should accelerate, mainly thanks to : (i) Vietnam is party to a number of free trade agreements (FTA); (ii) outside China, the country is one of the most attractive destinations for overseas companies; (iii) Vietnam is moving up the value-added ladder; (iv) it provides an attractive trade-off between cost and productivity; and (v) Covid-19 and increasing US-China trade tensions should accelerate the process of companies rejigging their supply chains. … [Read more...] about Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC
VN businesses seek low-cost capital to develop infrastructure
In order to successfully issue international bonds, the state-owned enterprises like EVN need to offer interest rates with the minimum gap of 100 basis points (compared with the domestic market) to call for capital by issuing 5-year bonds in the international market. … [Read more...] about VN businesses seek low-cost capital to develop infrastructure
