HCM City to carry out int’l credit confidence assessment project
Ho Chi Minh City pays attention to a project assessing its international credit confidence and hopes that it will help raise the city’s position and prestige and expand financial resources to serve its development.
HCM City (VNA) – Ho Chi Minh City pays attention to a projectassessing its international credit confidence and hopes that it will help raisethe city’s position and prestige and expand financial resources to serve itsdevelopment.
The statement was made by Le Thanh Liem, Permanent ViceChairman of the municipal People’s Committee, at his meeting on June 18 with aworking delegation from the International Finance Corporation (IFC) andStandard & Poor (S&P) Global Ratings.
Liem thanked IFC for actively coordinating with the city inrealising the bilateral Memorandum of Understanding signed in late 2017,including the implementation of the above-mentioned project.
The rating of international credit confidence for the city isan unprecedented issue, he said, adding that the city hopes IFC and S&P, theworld’s leading providers of credit ratings, will work to ensure the project isimplemented as scheduled.
He emphasised the wish that the rating result willcontribute to the city’s development through helping investors and internationalfinancial organisations have right assessments on the city’s capacity andpotential as well as attracting more resources to serve the local socio-economicdevelopment programmes.
Kyle Kelhofer, IFC Country Manager for Cambodia, Laos andVietnam, affirmed that this is the most favourable time for Ho Chi Minh City tohave international credit rating and become a model in mobilisation ofresources for development.
Speaking highly of the city’s dynamic development, Kelhoferstated that credit confidence rating will create opportunities for the city tomobilise cheaper and more diverse capital resources.
The project will also help boost other development projectsand programmes in the city, especially in the fields of financial management,and policy making.-VNA
Ho Chi Minh City will work closely with the International Finance Corporation (IFC) in translating the memorandum of understanding (MoU) signed by the two sides into projects, said a municipal official.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
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.
An overview of the meeting (Source: VNA) 
