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Norwegian renewable energy solutions provider sells wind plant in Vietnam
The Norwegian renewable energy provider, Scatec ASA, is exiting the Vietnam renewable energy market seeking more growth options elsewhere.
20% of Vietnamese online vulnerable to cyberthreats
Vietnam's cybersecurity landscape improved in the second quarter of 2024 compared to a year earlier, but unrelenting vigilance should be a priority to prevent threats, according to global cybersecurity and digital privacy company Kaspersky.
Central bank supports liquidity for banking system
The State Bank of Vietnam (SBV) on September 17 reduced the interest rate on the open market operation (OMO) channel from 4.25% to 4% per year.
Proparco increases credit limit to HDBank to US$100 million
The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HOSE: HDB) and Proparco, a French development finance institution, have signed a credit facility worth US$50 million in HCM City on September 16.
Japanese investors begin building property projects in Da Nang
Japanese firms Sun Frontier and Cosmos Housing have started constructing two property projects in the beach city, sparking the recovery of the deadlocked real estate market.
State Treasury buys large amounts of US dollar from banks
With a sharp depreciation of the US dollar against the Vietnamese dong, the State Treasury has continuously bought large amounts of the greenback from commercial banks.
Vietjet to launch Da Nang-Ahmedabad route in October
Vietjet has opened ticket sales for direct flights between Da Nang and Ahmedabad (India), offering two round-trips per week, expanding travel opportunities between Vietnam and India.
Hanoi's prime retail sector among the fastest-growing in the region
According to a socio-economic report recently published by the General Statistics Office, retail revenue for the first eight months of the year is estimated at nearly VND3.3 quadrillion (US$130.3 billion), a 7.3% increase year-on-year.
M&A market signals rising activity
The mergers and acquisitions (M&A) market in Vietnam is showing signs of resurgence in the final months of the year, with multiple companies announcing successful deal closures.
Foreign investment in real estate surges in January-August
Foreign investors poured a total of US$2.4 billion into the real estate market of Vietnam in the first eight months of this year, five times the level over the same period last year, according to the latest updates from the General Statistics Office (GSO).