Business

The Taiwanese electronics contract manufacturer has so far invested $1.5 billion in Vietnam and created jobs for more than 35,000 workers and the company, formally known as the Hon Hai Precision Industry Co., plans to raise its investment by $700 million and recruit 10,000 more local workers this year, the government said. … [Read more...] about Foxconn unit receives business license for $270 mln Vietnam plant

Hanoi (VNS/VNA) - As many as 277 businesses were involved in bond issuances in 2020, mobilising 403.5 trillion VND (17.4 billion USD), via some 2,200 issuance tranches, the Hanoi Stock Exchange has announced. In December 2020, there were 98 registrations for bond issuance with a total registered value of 75.35 trillion VND, 4.2 times higher than the previous month. Of them, there were 47 successful issuances from 35 enterprises, raising 34.7 trillion VND, accounting for 45.7 percent of the total registered value. The banking group was still the largest issuing group in the month, successfully issuing more than 19 trillion VND, accounting for 55.13 percent of the total value of issued bonds. Next was the real estate and construction with proportions of 5.88 percent and 4.38 percent, respectively. Other types of businesses accounted for a total of 28.35 percent of the value of bonds issued in December 2020./. … [Read more...] about Companies collect 17 billion USD via bond issuance in 2020

Hanoi (VNA) – The southern province of Dong Nai will build four routes linking localities with the area of Long Thanh International Airport whose construction began earlier this month. According to Nguyen Bon, Deputy Director of the provincial Department of Transport, the construction of the roads, each stretching 45-60m, is expected to cost thousands of trillions of Vietnam dong. The routes include three directly leading to the airport, notably one running from the intersection with road DT 763 in Dinh Quan district, Dong Nai province, to National Highway 51 in Long Thanh district. The route, with investment of 2.3 trillion VND (99.2 million USD), has been regarded as a strategic road connecting Long Khanh city and such districts as Dinh Quan, Thong Nhat and Cam My with the airport. The other aims to connect localities in the eastern part of Dong Nai, and ease overloads for National Highways 1A and 20, and the Dau Giay intersection. Dong Nai also plans to expand and … [Read more...] about Routes leading to Long Thanh airport to be built

By November last year, the total output and value of live market cows and bulls imported to Vietnam were more than 500,000 heads (of which, 91 percent were cows), with a turnover of US$556 million; cool cattle meat reached 1.5 million kilograms; frozen meat reached 80 million kilograms. Amid the current situation, the State, as well as localities, has issued many policies to encourage and boost the development of livestock farming to increase domestic beef production. Especially, the livestock development strategy for the period from 2021 to 2030, with a vision for 2045 to develop livestock production, in general, and beef cattle, in particular, has been approved. Accordingly, the agricultural sector will maintain an average growth rate of 1 percent per year for the period from 2021 to 2030 and an average increase of 6 percent per year of beef production, and raise the proportion of large muscular breeds to above 70 percent of the total herd. Along with that, the strategy will … [Read more...] about Agricultural sector aims to increase domestic beef production

Foreign investors were net sellers to the tune of around VND620 billion on all three bourses, with the net selling focused mostly on HPG of steelmaker Hoa Phat Group (up 0.2 percent), SSI of SSI Securities Corporation and VHM of Vinhomes. … [Read more...] about VN-Index inches down in week’s opening session