Kuwait Fund loan for coastal infrastructure development
The Ministry of Finance and the Kuwait Fund for Arab Economic Development (KFED) signed a loan agreement on December 19 to develop infrastructure in coastal areas in Thai Thuy district of the northern province of Thai Binh.
Hanoi (VNA) – The Ministry of Finance and the Kuwait Fund for ArabEconomic Development (KFED) signed a loan agreement on December 19 to developinfrastructure in coastal areas in Thai Thuy district of the northern provinceof Thai Binh.
Deputy Minister of Finance Tran Xuan Ha said theover 9-million-USD loan is significant to Thai Binh – one of the localities inVietnam bearing the most brunt of climate change.
The project is expected to help the province increase business production, headded.
Vietnam pledged to direct relevant ministriesand management agencies to make the most efficient use of the loan, heaffirmed.
Deputy Director General at KFED Hisham Al-Waqayan said the KuwaitFund is willing to sponsor development projects in Vietnam.
The two sides are discussing to sign other projects in the coming time,including one in the northern mountainous province of Ha Giang, which aims toimprove local living standards.
To date, Kuwait Fund has supported loans for Vietnam to carry out 14 projectsworth nearly 169 million USD, focusing on improving rural infrastructure forpoor provinces such as roads and irrigation networks.-VNA
President Truong Tan Sang praised Kuwaiti Ambassador to Vietnam Hamad Saleh Al Jutaili for sparing no effort to further friendship and cooperation between the two countries at a meeting in Hanoi.
The Ministry of Finance and the Kuwait Fund signed on March 11 in Ho Chi Minh City a loan agreement for a project to supply medical equipment to the Chau Doc General Hospital in An Giang.
The upcoming official visit to Vietnam by Prime Minister of Kuwait Sheikh Jaber Mubarak Al-Hamad Al-Sabah from May 5-7 is expected to give a boost to bilateral cooperation in various fields
Prime Minister Nguyen Xuan Phuc assured his Kuwaiti counterpart Sheikh Jaber Mubarak Al-Hamad Al-Sabad that Vietnam values friendship and cooperation with Kuwait and Middle Eastern countries.
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&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
At the signing ceremony (Photo VNA) 
