Vinacapital vietnam opportunity fund

Agriculture is a crucial sector that accounts for 10 per cent of Vietnam’s GDP and supports 40 per cent of its total employment. Agricultural exports like fruits and vegetables surged by 29 per cent in 2018, contributing $438 billion to the country – exceeding conventional commodities like crude oil and rice. Local SMEs make up 97 per cent of the total number of registered enterprises in Vietnam, but these businesses face an unmet $21 billion SME financing gap in the country. Tran Thi Thuy Ha, chief business officer of Validus Vietnam, said, “SMEs play a crucial role in the country’s economy. With access to financing, these SMEs are able to obtain capital to fund their business operations as well as expand and accelerate their business growth. Validus Vietnam is proud to be working alongside Nafoods Group and its SMEs, as agriculture continues to be a key sector that contributes significantly to the country’s economy.” … [Read more...] about Validus Vietnam and Nafoods Group partner up to finance agriculture

China’s largest export items (in terms of volume) to the US by sea via container was furniture, bedding, and lamps in 2018. This accounted for 14 per cent of sea freight volumes exported to the US. Goods from this product category were hit in the tranche of tariffs applied on $200 billion worth of goods, initially 10 per cent in September 2018 before rising to 25 per cent in May 2019. … [Read more...] about Vietnam maintains third rank in international logistics opportunities

Stoner at WJC thinks the drawback with Vietnamese law enforcement is that it does not permit the use of special investigative techniques such as using undercover operatives, carrying out test purchase operations and controlled deliveries, all of which are necessary strategies needed to tackle organized crime. … [Read more...] about First ivory, now pangolin scales: Vietnam remains wildlife trafficking hotspot

Hanoi (VNA) – PetroVietnam Power Corporation (PV Power) has said that a consortium of Citibank and Ingbank will arrange funds for the construction of its gas-fired power plants Nhon Trach 3 and 4 in the southern province of Dong Nai. Equipped with the mixed-flow gas turbine technology, the two thermal power plants will be the first in Vietnam using imported liquefied natural gas (LNG). They have a combined capacity of 1,500 megawatts and are being built at Ong Ke Industrial Park, Dong Nai’s Nhon Trach district. The plants are projected to help tackle power shortage in the southern region. PV Power is making every effort to start the work on the power plant chain in early 2021. PetroVietnam’s Nhon Trach 2 plant began commercial operation in 2011 with the capacity of 750 MW and productivity of 5.5 billion kWh per year. The 450KW Nhon Trach 1 plant, which began operation in 2008, generates 2.5 billion kWh per year./. … [Read more...] about Foreign banks to arrange funds for LNG-fired power plants

Hanoi (VNA) – The Ministry of Transport has asked the government to consider allocating capital for the upgrade of runways at Noi Bai and Tan Son Nhat international airports. In the proposal submitted to Prime Minister Nguyen Xuan Phuc, the ministry said it is urgent to renovate runways at the country’s two largest and busiest airports. The Noi Bai and Tan Son Nhat airports are under great pressure due to increase in air travel demand, it said, adding that the runways at the two airports in Hanoi and HCM City currently handle a number of flights beyond capacity. The overload has caused visible cracks and subsidence on the surface of the runways, affecting the operations of large airplanes. Though the Airports Corporation of Vietnam (ACV), the operator of domestic civilian airports, has provided funding for the two airports to repair the damage, the ministry said it is just a temporary solution. If the runways are not properly upgraded, it will pose risks to aviation … [Read more...] about Ministry asks for gov’t funding for upgrading int’l airport runways