The signing of business deals between Indonesian and Chinese businessmen during the BRF Summit held in China in April (Source: Antara) Jakarta (VNA) - Chinese businesses have signed contracts of imports worth 35.1 trillion Rp (2.5 billion USD) with their Indonesian counterparts. The deals were inked during the Indonesia-China Business Forum and China Coal Import Summit, Indonesian Ambassador to China Djauhari Oratmangun said in Beijing on November 19, Antara News reported. Coal imports dominated the contracts inked on the sidelines of the second China International Import Expo (CIIE) in Shanghai. Furthermore, the contracts encompassed the imports of other products, including electronics, agriculture, food, beverages, plastic pellets, and mining products, the ambassador noted at the Indonesian Pavilion of the CIIE officially opened on November 5, 2019. Swallow nest products, recycled plastic pellets, oleochemical, coal, and food products are among Indonesian products liked most … [Read more...] about China inks import contracts worth 2.5 billion USD with Indonesia
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Vietnam's start-up sector is closing the gap with regional leaders Indonesia and Singapore with new investment, according to a Nikkei Asian Review article (Illustrative photo: VNA) Hanoi (VNA) – Vietnam's start-up sector is closing the gap with regional leaders Indonesia and Singapore with new investment, according to a Nikkei Asian Review article. The article cited a joint research by Ho Chi Minh City-based venture capital ESP Capital and Singapore's Cento Ventures which showed start-up investment in Vietnam hit 246 million USD this year through June on 56 deals. It added that investment is expected to top 800 million USD by the end of the year, which would represent a rise of at least 80 percent over last year's 444 million USD. The article said a total of about 5.9 billion USD was invested in Southeast Asian start-ups in the first half of 2019. When it comes to the investments that can be tracked to a destination country, Vietnam accounted for 17 percent of start-up … [Read more...] about Vietnam startups gain on Indonesia, Singapore: Japanese newspaper
Since issuing corporate bonds has become easy thanks to open regulations, it is necessary to tighten control over bond issuance. According to Saigon Securities Incorporated (SSI), VND129.016 trillion worth of corporate bonds were offered to sell in the first eight months of the year and 90.08 percent was sold. VND22.664 trillion, or 61 percent of bonds, were sold to domestic investors. However, it’s unclear who the ‘domestic investors’ are. Meanwhile, bonds cannot sell to individual investors who don’t have deep knowledge about the market. The analysts blamed the hot corporate bond market on the easy requirements stipulated in Decree 163. Hai Linh Anonymous foreign investor buys entire batch of Phu My Hung bonds Phu My Hung Development Corporation has mobilised VND800 billion ($34.78 million) for real estate projects from a "secret" foreign investor through bond sales. Vietnam’s bond market continues growth Vietnam’s … [Read more...] about Is the corporate bond market too hot?
The order was awarded on the 60th anniversary of the committee, which comes under the Ministry of Foreign Affairs. Congratulating the committee, Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh said it was an honor for the committee and the entire ministry. The committee deserves recognition from the State and the Party for its efforts and proud achievements, he added. Over the past six decades, the committee has developed sustainably and became an important agency for the Ministry of Foreign Affairs. At the event The committee has run many programs that were highly appreciated by overseas Vietnamese such as the Xuan Que Huong (Spring in the Hometown), visiting the Truong Sa (Spratly) Islands, and a summer camp for youngsters. All these programs helped connect overseas Vietnamese with the country, said Minh. The Deputy PM asked the committee to continue its work and creatively applying the Party’s policies on national unity. The committee … [Read more...] about Committee for Overseas Vietnamese marks 60th anniversary
Vice President Dang Thi Ngoc Thinh (R) hosts a reception for Andy Kinsella, Chief Executive Officer of Ireland-based Mainstream Renewable Power (Photo: VNA) Hanoi (VNA) – Vice President Dang Thi Ngoc Thinh hosted a reception for Andy Kinsella, Chief Executive Officer of Ireland-based Mainstream Renewable Power, in Hanoi on November 20. The official spoke highly of the Irish company’s investment in Vietnam in the renewable energy industry, which the country has huge demand for and many Irish businesses boast strength in. She highlighted that electricity is among vital demands in Vietnam’s sustainable development orientations, highly valuing the feasibility of Mainstream Renewable Power’s current wind energy project. The Vice President voiced her hope that the company’s project will promptly go into operation. Vietnam’s Phu Cuong Group and the Irish company recently signed a cooperation deal worth 2 billion USD to build and operate a wind farm … [Read more...] about Ireland’s renewable energy developer pledges support for Vietnam