Ntma 10 year national solidarity bond

Illustrative image (Photo: VNA) Hanoi (VNS/VNA) - Banks must tighten their assessment control of corporate bond investment s to avoid excessive risk and the misuse of funds raised by firms, experts said. In early April, the Banking Supervision Agency, under the State Bank of Vietnam ( SBV ) conducted an inspection of corporate bond investment activities at seven banks, while the Ministry of Finance inspected one bank. According to the SBV, by the end of 2021, there are 41 credit institutions holding 274 trillion VND (11.7 billion USD) of corporate bonds, of which more than 75% of them are held by ten major banks - Techcombank, MBBank, VP Bank , TPBank, BIDV, Vietcombank, VietinBank, HDBank, ABBank and SeABank. At some banks, the value of corporate bonds exceeds 10% of total assets. Although the inspection results were not published, a SBV senior leader said in an interview with Vietnam Investment Review that a number of credit institutions failed to accurately … [Read more...] about Banks should tighten assessment control of their corporate bonds investments: experts

The credit quality of real estate firms is at a good level with financial leverage below 1.5x. During the first seven months of 2022, over VND420 trillion (US$18 billion) was pumped into the real estate market. The figure could be raised to VND800 trillion ($34 billion) by the end of the year in case of favorable conditions. Investors looking at a real estate project in Me Linh District, Hanoi. Photo: Pham Hung Economist Can Van Luc, a member of the National Financial and Monetary Advisory Council, shared the view at a real estate forum held on August 17, noting the figure is huge compared to total investment capital for the economy. According to Luc, while transaction activities have been subdued in recent months, this would pose a golden opportunity to restructure the market for more sustainable growth. “In the past, real estate was widely seen as the first option when people explore fields to invest in, and that is a huge risk to the economy,” Luc said. … [Read more...] about Over US$34 billion set to pour into Vietnam’s real estate market this year

Yerkin Tatishev, founder and chairman of Kusto Group During your visit to Vietnam, you identified and reconfirmed the potential of the Vietnamese market. Could you please share your investment strategy and plan for the coming years? Over the past 10 years, we have invested in different industries in Vietnam from cement to logistics and real estate. During that time, we also gained a lot of experience. The business results of the projects are different but in general, they are positive. Through this process, we have also built strong foundations for development in Vietnam such as a network of partners, friends, and a deep understanding of the local market. The Vietnamese government is stepping up investment in infrastructure such as roads, airports and many others, in which private companies are actively participating. Investment in infrastructure will create a positive growth engine for Vietnam. The nation's infrastructure system is changing very quickly and I firmly … [Read more...] about Kusto Group diversifies its business in Vietnam

Hanoi (VNA) – The following is a brief review of the day’s events as reported by the Vietnam News Agency on August 18. - President Nguyen Xuan Phuc, Chairman of the National Defence and Security Council, had a meeting with the Economic Security Department of the Ministry of Public Security on August 18. He highly valued the economic security force’s timely detection and effective settlement of complex issues emerging during the international economic integration process, as well as its firm safeguarding of the country’s independence and self-reliance during economic development, thus helping stamp out threats to national security and protect economic development policies in many important areas. Read full story - The Vietnam – Cuba Friendship Association (VCFA) on August 17 sent out a letter calling for donations to Cuban people to help them overcome current difficulties. The VCFA will receive donations till August 31. Read full story -  The fire prevention and fighting … [Read more...] about ☕ Afternoon briefing on August 18

Vice Chairman of the HCMC People’s Committee Duong Anh Duc (L, 6th) and Director of the Department of Education and Training of the city Nguyen Van Hieu (R, 6th) present certificates of merit to students. Attending the event was Vice Secretary of the HCMC Party Committee Nguyen Van Hieu, Vice Chairman of the municipal People’s Council Nguyen Van Dung and Vice Chairman of the HCMC People’s Committee Duong Anh Duc. Speaking at the ceremony, Vice Chairman of the HCMC People’s Committee Duong Anh Duc said that last year, the education sector faced numerous unprecedented difficulties due to the Covid-19 pandemic and saw a tremendous effort of the city’s political system, teaching staff and students who overcame challenges to achieve their goals. He asked the sector to continuously maintain and promote the strong points, directly participate in high-quality human resource training of the country in general and HCMC particularly, and contribute to the city’s development. Vice … [Read more...] about HCMC honors 486 good students

A view of Nghi Son Petrochemical and Refinery Plant (Photo: baodautu.vn ) Hanoi (VNA) – The Vietnam Oil and Gas Group (Petro vietnam ) has proposed the Government invest in a petrochemical and refinery complex and national oil storage in Long Son oil and gas industrial park in Long Son commune, Vung Tau city in the southern province of Ba Ria-Vung Tau, with a total investment of nearly 19 billion USD in two phases. The complex comprises two parts – a petrochemical and refinery plant project and a project to build a national storage for crude oil and petrol products. In the first phase, the petrochemical and refinery plant will have a capacity of processing 12-13 million tonnes of crude oil per year, along with 0.66 million tonnes of condensate, LPG and Ethane. The output of the plant will be 7-9 million tonnes of petroleum and 2-3 million tonnes of petrochemicals each year. In the second phase, the plant will receive additional investments to increase its output by 3-5 … [Read more...] about PetroVietnam proposes 19-billion-USD petrochemical complex, oil storage project