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Domestic groups move over to buyer’s side in M&A deals

Vietnamese groups are becoming more active in acquiring other businesses, while overseas investors are seeing themselves hindered amid continued travel restrictions.

Bad debt trading platform to start operation

The bad debt trading floor of Vietnam Asset Management Company (VAMC) is set to begin operation today (October 15).

More than $10 billion per year to develop the power sources and grid in the 2021-2030 period

The demand for investment capital for the development of power sources and grids averages US$10-11.5 billion per year by 2030.

Hanoi metro trains ready for trial run

Ten metro trains in Hanoi are scheduled for trial run in December after being brought from France.

Spanish designer Diego Chula passes away in Hanoi

The famous Spanish designer Diego Chula passed away on October 13 at the age of 49.

IMF forecasts Vietnam's GDP to see highest growth in ASEAN 5 group

The International Monetary Fund (IMF) has forecast Vietnam’s GDP to grow at around 3.8% this year, higher than that of its regional peers, Malaysia, Thailand, the Philippines, and Indonesia.

Vietnam, Japan sign MoU on low-carbon growth

Vietnam and Japan signed a Memorandum of Understanding (MoU) on Joint Credit Mechanism - JCM at a ceremony held in both virtual and in-person forms on October 14.

VN reports public debt reaches VND3.7 quadrillion, plans to borrow VND571 billion next year

The Government’s report says that if the GDP in 2021 is below expectations, this will affect state budget overexpenditures as well as the national public debt and foreign debt safety indexes.

Vietnam creates vaccination plan for 2022, plans to vaccinate children

Vietnam plans to receive 34 million vaccine doses in October and more by the end of the year. It is creating a master vaccination plan for 2022, including vaccinations for children.

One-year EVFTA: major European investors pour billions of dollars into Vietnam

The Government has reported to the National Assembly about the implementation of EVFTA (EU-Vietnam FTA) over the last year.

Curbs fail to faze South Korean M&A

According to data from MergerMarket, which is a business development tool designed specifically for the M&A sector, South Korean investors have carried out 69 M&A deals in Vietnam since 2005, with a total value of $5.1 billion.

 

GDP growth target is hard to reach: Minister of Planning and Investment

Minister of Planning and Investment (MPI) Nguyen Chi Dung calculated economic growth in the whole of 2021 at between 3 and 3.5 per cent, but also said such a target will be difficult to reach.

Guidelines on safe adaptation to COVID-19 pandemic

The Ministry of Public Health has issued guidance implementing the government’s freshly adopted Resolution on provisional guidelines on safe adaptation to the COVID-19 pandemic.

Vietnamese capable of making high tech products

Many Vietnamese enterprises are diligently researching and developing Make in Vietnam products with high technology content.

VIETNAM BUSINESS NEWS OCTOBER 14

Ministry of Transport agrees to resume two more domestic air routes

Inconsistencies deter power plan feasibility

Power source development in recent years has been at odds with load distribution, and many coal-fired power plants expected to operate in the last five years are behind schedule.

Coach Park not satisfied with referee

Coach Park Hang-seo wasn't happy with referee Adham Makhadmeh after the 1-3 loss to Oman in the 2022 World Cup qualifier on Tuesday.

A master plan for COVID-19 vaccine in 2022 needed: Foreign Minister

Minister of Foreign Affairs Bui Thanh Son, head of the Government's Working Group on vaccine diplomacy, said Vietnam needs to develop a master plan for COVID-19 vaccines in 2022 based on the country’s demand. 

VIETNAM NEWS HEADLINES OCTOBER 14

15 localities agree to resume inter-provincial road passenger transport services

Bank loans rise despite pandemic

Despite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said.