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$3 bln credit package on way for HCMC businesses
Business

$3 bln credit package on way for HCMC businesses

At a conference organized by the Ho Chi Minh City Department of Industry and Trade and the State Bank of Vietnam (SBV), Ho Chi Minh City Branch, Mr. Nguyen Hoang Minh, Branch Deputy Director, said the central bank is planning to launch a program in the fourth quarter connecting banks and businesses with a credit support package of about VND70 trillion ($3 billion), to share the difficulties and challenges the city’s business community is facing.
Business

Trade surplus gets boost from foreign enterprises

Total trade turnover in the second half of September (from September 16 to September 30) reached more than $29 billion. The trade surplus for the period was $1.87 billion, partly due to strong increases in exports by FDI enterprises, which stood at $11.34 billion, up 33.2 per cent compared to the first half of September.
Energy crisis may drive FDI from China to Vietnam

Energy crisis may drive FDI from China to Vietnam

Energy-related uncertainties in China have led many investors to look for alternatives. Vietnam is deemed a good choice due, among other things, to the stability of its power network.
MoC helping address issues

MoC helping address issues

The Ministry of Construction (MoC) has established a special working group to remove the difficulties facing businesses and individuals affected by Covid-19. The working group will inspect and remove unnecessary administrative procedures, creating favorable conditions for production and business.
No specific credit package for airlines

No specific credit package for airlines

In its latest document, the State Bank of Vietnam (SBV) did not mention any specific credit package to support private airlines. Rather, banks will use their own resources for any support.
Vietnamese brands growing stronger

Vietnamese brands growing stronger

Many Vietnamese enterprises have been honored at the “Vietnamese Strong Brand 2020-2021” program organized by VnEconomy and Vietnam Economic Times, for their constant growth and customer acceptance over the years.
Renewable energy generation leading to sustainability

Renewable energy generation leading to sustainability

Electricity generation from renewable energy sources reached 5,242 billion kWh and 10,994 billion kWh, respectively, in 2019 and 2020, contributing significantly to reducing high-cost diesel-generated electricity. In 2020, 4.2 billion kWh was cut, equivalent to a saving of VND21 trillion ($927 million).