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HCM City eyes 10 percent growth in export in 2021 | Business

Shrimps processed for export (Photo: VNA) HCM City (VNA) – Ho Chi Minh City’s Department of Industry and Trade has set the target to export 48.19 billion USD worth of products in 2021, a year-on-year surge of 10 percent. Under its development plan for 2021 recently submitted to the municipal People’s Committee, the sector said import revenue is estimated at 56.47 billion USD for the whole year, up 11 percent against the previous year. Besides, it eyed to reel in more than 835.68 trillion VND (36.29 billion USD) from retail sales and services revenues in the year, up 10 percent year-on-year. The department said it will carry out necessary measures in a comprehensive

Cargo throughput at sea ports posts positive growth in January | Business

Lach Huyen port in Hai Phong (Photo: VNA)   sea ports in the first month of 2021, up 17 percent on year despite Of the total figure, container throughput exceeded 2.2 million TEU, an annual increase of 27 percent. The Cai Mep – Thi Vai port in Ba Ria – Vung Tau province recorded the highest growth in cargo throughput, at 29 percent, followed by the Hai Phong and Ho Chi Minh City ports, at 26 and 27 percent, respectively. According to a representative from the Vietnam Logistics Business Association, the volume of goods shipped by sea was affected by not only the pandemic, but also the shortage of ship space and empty

VPBank Finance boosts loan again

By Pan Yue 17 Feb 2021 VPBank Finance Co, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has further increased the size of its loan to $230m after additional banks joined the deal. The loan had an initial size of $150m. It was launched in October last year by sole mandated lead arranger and bookrunner Maybank. The first close of the deal was in December, when the loan was boosted to $170m after nine participants joined. Five more banks have . Already a subscriber? Login

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