Vice President of the Cuban Council of State Salvador Valdes Mesa on June 21 had a working session with the Vietnam Bank for Agriculture and Rural Development (Agribank) to learn about the agricultural finance mechanism.

Authorities of Ho Chi Minh City will continue holding meetings with local and foreign businesspeople to promptly unlock obstacles facing them, Secretary of the Ho Chi Minh City Party Committee Dinh La Thang pledged.

Ho Chi Minh City authorities plan to address business competitiveness and productivity at meetings with investors to respond to the sharp drop in foreign direct investment (FDI) this year.

The Vietnamese leading company in wood-working and decorative materials An Cuong Wood Working JSC will receive financial supports worth US$30 million to branch out its business, as heard a press conference held in Ho Chi Minh City on June 15.

Nam Long, one of the leading privately-owned real estate developers in Vietnam, has recently launched 450 affordable villas and townhouses under the Valora brand name.

Thai investments are expected to continue growing across Vietnam thanks to the country’s improved business climate and new trade bloc windfalls.

The Far Eastern Group from Taiwan (China) is accelerating a US$760 million project serving cloth and fibre production in southern Binh Duong province’s Bau Bang Industrial Park.

Southern Binh Duong province attracted US$1.097 billion in foreign direct investment (FDI) as of mid-June, equivalent to 78.3% of its yearly plan and up 8.3% against the same period of last year, according to the provincial People’s Committee. 

The Canadian Northstar group, which specialises in providing financial services for small- and medium-sized enterprises, wants to support firms in the southern province of Binh Phuoc.

There are 40 state financial funds established to support Vietnamese enterprises to develop its production. However, most private businesses say they cannot receive any support from the state.