MANUFACTURING CONFIDENCE JUMPS TO ONE-YEAR-HIGH
According to a survey released by S&P Global Vietnam on March 1, Vietnam's manufacturing sector continued to grow marginally in February, with both output and new orders up for the second month running.
BANKS STEP UP PRIVATE PLACEMENTS TO FOREIGN INVESTORS IN 2024
At a recent extraordinary AGM, BIDV also approved to adjust the implementation time for offering additional shares in the bank’s plan to increase charter capital in 2023. Specifically, the AGM decided to delay the implementation time to 2024. Under the plan, BIDV will issue an additional 455 million shares in the form of public offering or private offering. BIDV has not announced details of the offering plan, but it has long had a plan for a private placement for foreign investors.
BUSINESSES START TO FEEL IMPACT OF RED SEA SHIPPING CRISIS
Tran Viet Huy, managing director of Tracimexco – Supply Chains and Agency Services JSC (TRA-SAS), told VIR that, "The Red Sea disruption is impacting ocean freight via the Red Sea and Suez canals. It is mainly hitting shipments from Asia to Europe and some US routes. The cost of ocean freight to EU ports from Asia has gone from less than $2,000 per 40-foot shipping container before December 2023 to over $5,000."
DRAFT PROCEDURE FOR FOREIGNERS’ E-IDENTIFICATION REGISTRATION ANNOUNCED
The Ministry of Public Security has proposed a procedure for foreigners’ e-identification registration, which is expected to take effect alongside the identification law on July 1 this year.
VN LOOKS TO REMAIN A STRONG COMPETITOR FOR GLOBAL FDI
Data from the United Nations Conference on Trade and Development (UNCTAD), according to Rồng Việt Securities Company (VDSC), showed global FDI in 2023 increased by 3 per cent compared to the year before, reaching over US$1.365 trillion, mainly attributed to a significant increase in European Union countries.
DIGITAL TRANSFORMATION IN HEALTH CARE - IRREVERSIBLE TREND
Associate Professor, Dr. Phan Le Thu Hang, Deputy Director of the Department of Financial Planning, held that the Fourth Industrial Revolution and smart medical solutions will help Vietnam concertedly improve its health coverage, service quality, and medical costs, dubbed the three vertices of a triangle, which remains a hard nut to crack for every health system.
US CONSIDERS UPGRADING VIETNAM’S ECONOMY STATUS
“Vietnam is the US’ eighth largest trading partner and our largest trading partner in ASEAN, we are Vietnam’s second largest trading partner. And we are also Vietnam’s number one export market. You know, we firmly believe in the importance of Vietnam in terms of global supply chains,” Ambassador Knapper said.
HA NOI ABSORBS ALMOST US$870 MILLION IN FDI LAST MONTH
An estimated US$866.8 million in foreign direct investment (FDI) was channeled into Ha Noi in January, the municipal Statistics Office reported. An estimated US$866.8 million in foreign direct investment (FDI) was channeled into Ha Noi in January.