Sectors of the nigerian economy

Additionally, there has been growing investor interest across Vietnam's wind sector over the past year, which has strengthened the pipeline significantly. Most notably, Enterprise Energy has plans to build the Ke Ga offshore windfarm in Vietnam with a 3.4GW capacity, which will be the largest offshore wind farm in the region if it comes to fruition. The project has registered some progress, given that PM Phuc has requested for a formal proposal for the project to be included into the country’s power development plan. … [Read more...] about Vietnam wind power sector to see growing opportunities: Fitch Solutions

According to Dr. Vu Dinh Anh, deputy head of the Ministry of Finance’s Price and Market Research Institute, this was a measure to gradually tighten control of monetary policy. As a result, credit rose 33 percent in October and 34 percent in November. It might even reach 40 percent by the end of this year if things are still under control. … [Read more...] about Increase basic interest rate – a good therapy for national economy

The city’s top leader called for drastic measures to create new opportunities and motivation for the city’s growth. Five key areas were identified to attract domestic and foreign investment: to resume and speed up production, trade and exports; to stimulate tourism and domestic consumption; to promote public investment, and to address difficulties for major projects that had been delayed for years. … [Read more...] about Đà Nẵng kickstarts economy after COVID-19 pandemic

Furthermore, the risk from sour loans are substantial. Although lenders are much stronger now since they have built up capital under acute regulatory scrutiny such as Basel II, many are still wondering if the buffers will be big enough. Specifically, some lenders, such as Agribank, Kien Long Bank, and Viet Capital Bank, are still nowhere to be found in the Basel II race. … [Read more...] about Consumers risk higher defaults amid lending sector fluctuation

Volkswagen said it was 'paving the way for more electric models and infrastructure'. (Photo: AFP/Ronny Hartmann) The German car giant said it will take a 50 per cent stake in JAG - the parent company of state-owned JAC Motors - and increase its holding in the JAC Volkswagen joint venture from 50 per cent to 75 per cent for around 1 billion euros. … [Read more...] about Volkswagen invests US$2.2b in Chinese electric vehicle sector