“Leveraging IFC’s global experience in responding to several economic crises in the past, the decision to increase trade limits is an effort to ensure continued trade flows during this challenging phase. The expanded trade finance line will help mitigate trade finance risks, thus softening the impact of COVID-19 on the Vietnamese economy and the private sector,” said Mehmet Mumcuoglu, IFC Financial Institutions Group Manager for East Asia and the Pacific. … [Read more...] about BUSINESS NEWS HEADLINES FEB. 24
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Đỗ Nhật Hoàng, Director of Foreign Investment Department, Ministry of Planning and Investment said that Japanese enterprises often took careful steps in investment. Last year, Japanese FDI with US$1.07 billion ranked second after South Korea with $1.58 billion.— VNS … [Read more...] about Japanese businesses to invest in Việt Nam’s services and retail
Nakajima said as most of Japan's large manufacturing corporations had already moved into Viet Nam, the additional FDI inflows would be composed from their extended projects, forecasting that Japanese capital would increase thanks to non-manufacturing investment and from small and medium enterprises. … [Read more...] about Japanese businesses to invest in Viet Nam’s services and retail
-- A leader of Vietnam’s Ministry of Information and Communications told Tuoi Tre (Youth) newspaper on Sunday the ministry plans to launch a PR campaign on Monday to promote Vietnam as a “safe” destination for international tourists as the country’s tourism has taken a blow due to the COVID-19 epidemic. … [Read more...] about Breakfast @ Tuoi Tre News – February 24
The respective amounts of holding of Singapore’s sovereign wealth fund GIC and Credit Suisse Singapore Branch at VCM Services and Trading Development Company (VCM), the operator of the Vinmart chain, have been reported at 0%, according to data at the Vietnam National Business Registration Portal. … [Read more...] about Singapore’s GIC, Credit Suisse no longer hold shares of Vinmart operator?