Illustrative image (Source: http://baoxaydung.com.vn/) Vinh Phuc (VNA) – The northern province of Vinh Phuc plans to invest 190 billion VND (8.2 million USD) in upgrading old bridges and building new ones crossing 34 canals. The project is aimed at gradually completing the provincial transport system, contributing to ensuring safety for people and vehicles, according to local authorities. It is also expected to help contribute to the province’s agricultural and rural mechanisation efforts, creating better conditions for farmers to transport equipment and machinery for agricultural production. The bridges cross canals in Lap Thach, Tam Duong, Vinh Tuong and Binh Xuyen districts. Around 22 bridges which are narrow and deteriorated will be upgraded. The investment capital will be earmarked from the provincial budget. The project is expected to be completed in 2023. The province has also replaced old downgraded buses with new ones in an attempt to … [Read more...] about Vinh Phuc invests 8.2 million USD in upgrading bridges
3 months usd libor
Vietnam trade to climb to record high despite global woes
It had reached $473.73 billion in the first 11 months, Deputy Minister of Industry and Trade Do Thang Hai said at a press briefing on Thursday. Exports were worth $241.42 billion, a 7.8 percent rise, while imports rose 7.4 percent to $232.31 billion. The share of exports by domestic firms rose by 1.79 percentage points year-on-year to 30.95 percent. Their export growth was 18.1 percent, almost five times the 3.8 percent achieved by foreign companies, Hai said. Exports to Mexico and Canada rose by 29.5 percent and 27.2 percent thanks to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), he added. Nguyen Cam Trang, deputy head of the trade ministry’s import-export department, said there would be a trade surplus for the fourth straight year. Vietnam had a surplus of $7.2 billion in 2018, the highest in a decade. … [Read more...] about Vietnam trade to climb to record high despite global woes
Industry and trade conference for Central – Central Highlands regions held
The annual event afforded localities a chance to share experience in State management and enabled firms to seek business and market expansion opportunities. Speaking at the event, Deputy Minister of Industry and Trade Hoang Quoc Vuong hailed regional localities such as Da Nang, Quang Nam, Quang Ngai, Lam Dong for achieving economic growth higher than the country’s average. He suggested that local industry and trade sectors rally resources to develop pillar industries that suit localities’ advantages, gradually pushing forward high-tech industry, regional connectivity and investment attraction in industrial and economic zones. At the event On planning, he requested close coordination between regional localities and improving corporate competitiveness. At the same time, further attention should be paid to administrative reform and grasping opportunities to tap free trade agreements such as Comprehensive and Progressive Agreement for Trans-Pacific … [Read more...] about Industry and trade conference for Central – Central Highlands regions held
Profit targets within reach for domestic banks as 2019 draws to a close
Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Domestic banks are in a position to complete their 2019 profit targets if they finish the year on a high. Thanks to high profits in the first three quarters of the year, many banks are close to reaching their yearly targets, while others are positive that the busy fourth quarter will be enough to get them over the finish line. According to the Military Commercial Joint Stock Bank (MBBank), the bank was on course to exceed its profit target. MBBank closed the first ten months of 2019 with pre-tax profit of more than 8 trillion VND (347.82 million USD), completing 96 percent of its annual target approved by shareholders in April. The Commercial Joint Stock Bank for Industry and Trade of Vietnam (VietinBank) is also confident of completing its profit goal of 20 trillion VND. After recording its highest profit ever in the first three quarters of 2019 thanks to growing revenue from retail and services, it should be easy for the … [Read more...] about Profit targets within reach for domestic banks as 2019 draws to a close
