ENERGY CHINA EYES EXPANSION IN VIETNAM WITH INCREASED INVESTMENT IN RENEWABLE PROJECTS
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.
HCMC’S CREDIT GROWTH IN AUGUST PUT AT 1%
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.
VIET NAM - GATEWAY TO ASEAN FOR CANADIAN BUSINESSES
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.
HCMC TO CLEAR FOREST LAND FOR TRANSSHIPMENT PORT
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.
ADB PROVIDES US$13.8 MILLION FOR ROOFTOP SOLAR PROJECTS IN VIETNAM
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 RECEIVES LEED GOLD CERTIFICATION FOR NEW COMMERCIAL BUILDING
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.
VIETNAM EMERGES AS GROWTH ENGINE WITH FOCUS ON HIGHER QUALITY FDI
According to a joint report ‘Vietnam: A Global Engine of Growth’ released by Golden Gate Ventures and Boston Consulting Group on September 7, there is an expected increase in trade for ASEAN of $1 trillion by 2031, with China, Japan and South Korea, the EU and the US being some of the largest contributors. Within ASEAN, Vietnam will take centre stage in under a decade, as the country is already leading the pack in GDP growth.
CLEAR REAL ESTATE OWNERSHIP RULES TO BENEFIT ALL PLAYERS
Vietnam has gained remarkable achievements in economic development thanks to the promotion of international economic integration and active participation in free trade agreements. Doan Van Binh, vice president of the Vietnam Real Estate Association, analyses improving the law on real estate ownership by foreigners in the context of implementing such deals.
