Business News

The HCMC People’s Council approved in principle 87 state-funded projects worth a combined VND39 trillion at yesterday’s session on the implementation of the National Assembly’s Resolution 98 on special mechanisms and policies for the city.

These projections stem from the Government's socio-economic development strategy for the 2021-25 period, combined with endeavours to meet the 2023 growth goal of 6.5 per cent.

According to local newspaper Nhandan, the announcement came during Vietnamese Prime Minister Pham Minh Chinh's recent visit to Guangxi, China, where he met with vice president of Energy China Zhang Manping on September 16.

Bank loans in the city from January to August amounted to VND3,331 trillion, a 3.26% increase against the end of 2022 and a 5.62% rise over the same period last year. Of total outstanding loans, Vietnamese dong currency loans accounted for 94.7%, while foreign currency loans made up the remainder.

The Viet Nam Trade Office in Canada coordinated with the Canada-ASEAN Business Council and the Institute of Researching New Challenges in Economic Globalization (NEME) of Laval University to organize a seminar to evaluate investment potential in Viet Nam and the Association of Southeast Asian Nations (ASEAN) region.

As outlined in the project proposal, the Can Gio International Transshipment Port requires a total of 571 hectares of land. Of this, 90 hectares of mangrove forest would have to be cleared, including nearly 83 hectares of natural mangrove forest and seven hectares of land without trees. The project would also utilize 481 hectares of water surface.

The Asian Development Bank (ADB) has signed a US$13.8 million deal with GreenYellow Smart Solutions Vietnam Company (GreenYellow) to support rooftop photovoltaic (PV) solar systems. This loan agreement will aid in developing and operating solar PV systems on the rooftops of commercial and industrial establishments across the country.

Frasers Property Vietnam announced on September 7 that its commercial building Worc@Q2 has received the Leadership in Energy and Environmental Design (LEED) Gold certification for Operations and Maintenance. Awarded by the U.S. Green Building Council (USGBC), the certification recognises Worc@Q2’s strong sustainable and healthy building practices.