Private investment banks

Representing the business community, Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry, believes the reform of administrative procedures and investment environment should be an absolute requirement for each locality as they try to attract private capital. In line with this, the Government has asked ministries to cut down at least 20% of the number of documents under their authority between 2020 and 2025. … [Read more...] about Vietnam strives to effectively attract private investment

Jakarta (VNA) – The Asian Development Bank (ADB) has approved a loan worth 300 million USD to help PT Geo Dipa Energi (GDE), an Indonesian state-owned company, expand its geothermal power generation. In its May 28 announcement, ADB said that it will also manage a 35 million USD loan from the Clean Technology Fund for the project. GDE will use these loans to investing in expanding its geothermal power generation capacity by 110 megawatts in Java, the country’s largest electricity grid, through the construction and commission of two geothermal plants at Dieng in Central Java and Patuha in West Java. GDE President Director Riki Ibrahim said that the Geothermal Power Generation Project, recognized as a National Strategic Project by the government, will provide environmentally friendly base-load electricity to the Java–Bali electricity grid, reducing CO2 emissions by more than 700,000 tonnes per year. The project will build critical geothermal experience in Indonesia … [Read more...] about ADB helps Indonesia develop geothermal power

Authorities now recognise the private sector’s importance in the country’s competitiveness and they are striving to gradually reduce state participation in the economy. Vietnam Report also made another list of the first 500 private which included Saigon Gold and Silver ACB-SJC joint stock company, Financing Promoting Technology (FPT), ACB bank, Vinamilk, DoJi Gold and Gem group. … [Read more...] about State enterprises dominate Vietnam’s top 500 list

In the first quarter of 2020, the real estate market in the south has seen a fierce shortage in supply but Novaland received positive sales in townhouses and villas in Aqua City – the first project invested by Novaland under the ecological urban area concept. … [Read more...] about Novaland continues receiving capital from international institutions

On the flip side, experts believed controlling cost is key for European lenders at this moment, so looking for lucrative land in Asia might not be on their top priority now. Banks have been caught between a rock and hard place given the low and negative interest rates across the continent. Deutsche Bank, which entered Vietnam in 1992, now finds itself in uncharted waters due to the COVID-19 pandemic forcing it to set aside money for loan losses and disrupting its targets. The bank now holds 2.52 per cent of shares at Vietnamese lender SHB. … [Read more...] about Upcoming EVFTA to fortify lenders