DONATION FOR TRA LENG BOARDING HOUSE IN QUANG NAM PROVINCE
In 2018, much efforts were put into raising funds for a new boarding house, in which HKBAV has voted to donate USD $3,300 (VND75,000,000) for The Bunk Bed System to this integrated boarding house for ethnic minority students. In December 2018, the project is completed with the assistance from a number of corporate donors.
FOREIGN INVESTORS POURS $321 MILLION INTO VSIP QUANG NGAI
Four foreign companies will be injecting $321 million of new investments in VSIP Quang Ngai. The investment registration certifications were presented to the companies at the VSIP Quang Ngai Investors’ Gathering and Investment License Presentation event.
QUẢNG TRỊ GETS PM APPROVAL FOR $614 MILLION PORT PROJECT
The central province of Quảng Trị is going to build a seaport at a cost of VNĐ14 trillion (US$614 million) at local Mỹ Thủy Beach in an attempt to boost development of the province’s key economic zone.
LARGE BANKS CONCERNED ABOUT RAISING CAPITAL
According to the National Financial Supervisory Commission (NFSC), the average capital adequacy ratio (CAR) of the credit institution system in 2018 has reached 11.1 per cent thanks to the 12.2 per cent surge in owner’s equity capital and a 10.8 per cent rise in total risk weighted assets. Regulatory Tier 1 capital to risk weighted assets has thus been calculated at 8.8 per cent for 2018, a higher ratio than 2017’s 7.8 per cent.
CASH WITHDRAWAL LIMIT IN FOREIGN COUNTRIES SET AT VNĐ30 MILLION
Commercial banks have to adjust the limit of cash withdrawals in foreign currency abroad to the maximum equivalent of VNĐ30 million (US$1,280) per day for international credit and debit cards from early this year to meet a central bank regulation.
CONSTRUCTION MINISTRY TO FOCUS ON SOCIAL HOUSING
Deputy Prime Minister Trinh Dinh Dung asked the Ministry of Construction to pay attention to the development of social housing projects and homes for low-income earners while enhancing urban management and creating favourable conditions for construction businesses.
TEXTILES FIRM RACE TO LIST ON THE MARKET
Many textile and garment enterprises have improved operations to prepare themselves for the list on the stock market. Sông Hồng Garment JSC debuted on the Hồ Chí Minh Stock Exchange (HoSE) in late November by listing more than 47.6 million shares with the code MSH.
FDI FIRMS EXPAND IN LOCAL TEXTILE-GARMENT SECTOR
Vietnam had become increasingly appealing to large foreign investor groups in the textile and garment industry who wanted to seize opportunities when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in January next year, according to analysts.
