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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.
Vietnam Power Development Plan 8 goes before government

Vietnam Power Development Plan 8 goes before government

According to the Vietnam Power Development Plan 8 , the total capacity of power plants by 2025 is to reach about 105,000 MW, 143,000 MW by 2030, and 330,000 MW by 2045. Total capital demand in the 2021-2030 period is some $115 billion and $227 billion in 2031-2045.
Economy needs to reopen

Economy needs to reopen

The resumption of economic activities is as important as pandemic prevention, experts told the “Entrepreneurs and social responsibilities, from a Covid-19 viewpoint” forum on October 12. Continuing limits on passenger and goods transport may trigger economic recession, they added.
Tourism resumption to help coastal real estate

Tourism resumption to help coastal real estate

Investors expect the coastal real estate market to recover soon as coastal cities and provinces re-open to tourists. Figures show that more than 70 per cent of tourists prefer a holiday on the coast. Nha Trang city is a popular destination for investors in coastal real estate.
Mobile phone sales set to grow

Mobile phone sales set to grow

Mobile phone sales are tipped to increase in the fourth quarter of the year. Some stores have seen sales increase more than 150 per cent and some even 200 per cent compared to before social distancing.
Resumption of 2 railway routes to be piloted

Resumption of 2 railway routes to be piloted

The resumption of two passenger railway services - North-South (Hanoi-Ho Chi Minh City) and Hanoi-Hai Phong - will be piloted from October 13 to October 20 under a decision from the Ministry of Transport.
Enterprises grappling with cash flow disruptions

Enterprises grappling with cash flow disruptions

Adding to disrupted supply chains, consumption chains, and production chains, businesses are also facing disruptions to cash flow. Many businesses severely affected by Covid-19 are at risk of bankruptcy. Support packages and recovery programs need to be rolled out quickly to help businesses in the “new normal”.