The International Finance Corporation (IFC), a member of the World Bank Group, announced on August 11 that it will provide a 70 million USD loan to Indo Trans Logistics Corporation (ITL Corp), with the aim of improving logistics, trade and competitiveness in Vietnam’s economy amid the COVID-19 pandemic.
HCM City (VNA)🙈 - The International Finance Corporation (IFC), a member of the World BankGroup, announced on August 11 that it will provide a 70 million USD loan to Indo Trans Logistics Corporation(ITL Corp), with the aim of improving logistics, trade andcompetitiveness in Vietnam’s economy amid the COVID-19 pandemic.
ITL Corp GeneralDirector Ben Anh said the IFC’s long-term loan and expertise will help thecompany improve the efficiency of its logistics system and expand portfolios tobetter serve customers. Bac Giang LGGGarment Corporation, which specialises in personal protective suits, recentlyreceived a 63 billion VND (2.7 million USD) loan in a preferential creditpackage from Standard Chartered in support of Vietnam’s fight against thepandemic. Standard Charteredlaunched the package in March for companies specialising in the production anddistribution of pharmaceuticals and anti-pandemic products such as ventilators,medical masks, personal protective suits, and hand sanitiser. General Director ofStandard Chartered in Vietnam Nirukt Sapru said the lender wishes to join handswith LGG in the fight against COVID-19. HSBC Bank Vietnam,meanwhile, became the first foreign bank to issue bonds in Vietnam recently, totalling600 billion VND. Each bond, worth 100,000 VND, has a three-year maturity and anannual interest rate of 5.8 percent. HSBC Vietnam GeneralDirector Tim Evans said the move marks the bank’s 150th anniversary inVietnam and affirms its long-term commitment to the country. It also plans toregularly issue bonds in Vietnam to contribute to the growth of local companiesand the country’s capital market, he said./.
Vietnam might record high economic growth in the post-pandemic period thanks to the swiftness of structural reforms and trade facilitating measures and emerge as the perfect example for recovery, an Indian scholar has said.
In a recent interview granted to Vietnam News Agency correspondent in Singapore, Dr. Hoe Ee Khor, Chief Economist at the ASEAN+3 Macroeconomic Research Office (AMRO), expressed his impressions on Vietnam’s economic achievements and contributions to the Association of Southeast Asian Nations (ASEAN) since the country joined the bloc 25 years ago.
Prime Minister Nguyen Xuan Phuc chaired a one-day regular Cabinet meeting for July on August 3, which focused on seeking measures to fulfil socio-economic goals amidst COVID-19 pandemic.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
Illustrative image (Photo: itlvn.com) 
