VDB urged to restructure for sustainable development
The Vietnam Development Bank needs to accelerate restructuring for more effective operation and sustainable development, Head of the Party Central Committee’s Economic Commission Vuong Dinh Hue has sa
Head of the Party Central Committee’s Economic Commission Vuong Dinh Hue at the VDB (Source: vdb.gov.vn)
Hanoi (VNA)♏ – The Vietnam Development Bank needs to accelerate restructuring for more effective operation and sustainable development, Head of the Party Central Committee’s Economic Commission Vuong Dinh Hue has said.
During his New Year visit to the bank on February 14, Hue urged the Bank to focus on mobilising resources and continuing to handle bad debts in accordance with the Prime Minister’s instructions.
Acting Chairman of the Bank Nguyen Quang Dung said the bank has to date mobilised over 47.44 trillion VND (2.12 billion USD) and 135 million USD.
It has provided funding for 1,321 projects, totaling nearly 208 trillion VND (9.23 billion USD), with 180.6 trillion VND disbursed so far.
The bank is also managing 460 foreign-funded projects with total committed capital of 13.24 billion USD, according to Dung.
He reported that the banks’ total outstanding debt as of December 31, 2015 stood at more than 314 trillion VND, up 4.3 percent from one year ago.-VNA
The Vietnam Development Bank (VDB) will maintain an average credit growth rate of about 10 percent per year between now and 2020, according to the bank’s medium-term strategies approved late last week by Prime Minister Nguyen Tan Dung.
The Vietnam Development Bank (VDB) mobilised 4.45 trillion VND from its Government-guaranteed bonds at a tender organised by the Hanoi Stock Exchange (HNX) on May 15.
Vietnam Development Bank (VDB) will give 330 billion VND (15.7 million USD) for a project to increase the capacity of KCP Vietnam Industries Limited (KCP VIL) in central Phu Yen province.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
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Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Head of the Party Central Committee’s Economic Commission Vuong Dinh Hue at the VDB (Source: vdb.gov.vn)
