Vietnam poised to be big post-pandemic winner
Through early and efficient border closures, uncharacteristic official transparency and strategic Covid-19 diplomacy, communist-run Vietnam is fast emerging as a likely post-pandemic winner. For a nation that has long-sought to secure it’s place as a reliable and responsible global actor, the coronavirus outbreak and its minimal impact on Vietnam has presented the nation an opportunity in crisis analysts say it is firmly grasping. Carl Thayer, emeritus professor at the University of New South Wales in Australia and a recognized Vietnam expert, says that Hanoi was “quick off the mark” in its version of “coronavirus diplomacy”, a gambit China, Taiwan and others have likewise deployed to strategic effect.
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https://asiatimes.com/2020/04/vietnam-poised-to-be-big-post-pandemic-winner/
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Long An attracts $114.6 million of foreign investment in first quarter
In the first quarter of 2020, the southern province of Long An attracted the total foreign capital of $114.6 million, up $26.5 million compared to the same period last year. In the first quarter of 2020, Long An granted 26 investment certificates to foreign investment projects with the total committed capital of $105.7 million and raised $120 million for 11 operational projects. The total capital, both newly-registered and added capital, is $114.6 million, increasing by $26.5 million compared to the same period last year. Long An has attracted $6.324 million in foreign investment with 1,049 projects so far. There are 585 projects in operation, which takes 55.7 per cent of the total registered projects. These projects have disbursed$3.624 million, or 57.3 per cent of the total committed capital.
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HCM City assures hurdles faced by property developers will be cleared this month
The HCM City People’s Committee chairman Nguyễn Thành Phong held a meeting with the heads of various government departments to discuss how to rescue real estate projects that have been delayed due to various difficulties. They considered the difficulties faced by the Dam Sen Complex Project in District 11, licensed in 2014. It has a land area of 54,568.3sq.m, and apartment towers, a hotel and office buildings will be built by C and T International Joint Stock Company. It has been caught up in long delays related to compensation payment and site clearance, and District 11 and other related authorities offered to assist with those and resettlement of people living in the area so that the construction could begin implemented soon.
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CapitaLand secures $280 million in green loans to green out global portfolio by 2030
CapitaLand on April 17, 2020 has secured a total of SGD400 million (approximately $280 million) in two bilateral green loans to catalyse the greening out of the group’s global portfolio by 2030. The loans extended to CapitaLand include SGD150 million ($105.46 million) four-year green loan provided by DBS Bank Ltd. (DBS) while the SGD250 million ($175.76 million) three-year multi-currency green loan is provided by HSBC's Singapore Branch. The proceeds from these green loans will be used towards the financing or refinancing of the development, investment, and acquisition of certified green buildings. The green buildings must achieve or are expected to achieve minimally a Green Mark GoldPLUS certification by the Building and Construction Authority of Singapore (BCA) or a Leadership in Energy and Environmental Design (LEED) Gold rating by the United States Green Building Council.
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By 2025, the digital economy will account for approximately 20% of GDP
The National Strategy for Industrial Revolution 4.0 has an important goal to promote the process of renewing the growth model and restructuring the economy. By 2025, the digital economy will account for approximately 20% of GDP. B This revolution is expected to increase jobs from 1.3-3.1 million although it may change employment structure in the economy. By 2030, labor productivity will increase from USD 315 to USD 640.
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https://baodautu.vn/nam-2025-kinh-te-so-chiem-khoang-20-gdp-d120741.html
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Ba Ria-Vung Tau calls for investment in 17 seaport projects
Calling for investment into ports is one of the five sectors that Ba Ria-Vung Tau will focus on to realise its target to become one of the three provinces attracting the highest foreign direct investment this year. The Department of Planning and Investment will check the province's ports which have come into operation but have yet to reach their designed capacity in order to identify appropriate support measures for the project investors. According to the Department of Transport, there are 69 seaport projects included in the planning of Ba Ria-Vung Tau. 48 projects are already operational, while four are under construction, 10 projects have yet to be implemented, and investors ignored the remaining seven projects.
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https://www.vir.com.vn/ba-ria-vung-tau-calls-for-investment-in-17-seaport-projects-75752.html
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HCM City becomes first locality with over US$10 billion export revenue in first quarter
Ho Chi Minh City has become the first locality in Vietnam to post over US$10 billion worth of export revenue in the first quarter of this year, according to the General Department of Vietnam Customs. The country witnessed 11 provinces and cities reporting over US$1 billion worth of export revenue in the first quarter of this year including Bac Giang, Bac Ninh, Binh Duong, Dong Nai, Hanoi, Hai Duong, Hai Phong, Long An, Tay Ninh, Thai Nguyen and Ho Chi Minh City. Meanwhile, the same period last year saw 10 provinces and cities with export revenues of over US$1 billion except for Tay Ninh. The 11 localities recorded a combined export revenue of nearly US$49.35 billion, accounting for 78% of Vietnam’s total export revenue in the first three months of this year.
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The state of play in the Vietnamese e-wallet arena
The competition in the e-wallet market is heating up with Moca, MoMo, and ZaloPay among the big players scaling up to win over new customers. As of last November, Vietnam boasted 32 payment intermediary service providers licensed by the State Bank of Vietnam. Among them, there are more than 20 active e-wallets but only a few of them are heavyweight names such as MoMo, Moca, ZaloPay, ViettelPay, and VnPay. According to the latest research by Cimigo, MoMo, Moca, and ZaloPay are the top three most popular e-wallets in the two main cities in Vietnam, which account for more than 90 per cent of total market share of e-wallet users.
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https://www.vir.com.vn/the-state-of-play-in-the-vietnamese-e-wallet-arena-75703.html
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Bà Rịa-Vũng Tàu lures over $450m into IZs in Q1
BÀ RỊA-VŨNG TÀU Industrial zones (IZs) in the southern province of Bà Rịa-Vũng Tàu attracted a total investment capital of more than US$450 million in the first quarter of this year. Of the sum, $360.7 million came from seven newly-licensed projects while the remainder of $97.8 million from eight capital-added ones. The industrial zones-based enterprises, especially those in textile and garment, footwear and bags have encountered many difficulties as raw materials and accessories for production have been interrupted due to the COVID-19 pandemic in major supplying countries such as China and South Korea.
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https://vietnamnews.vn/economy/715665/ba-ria-vung-tau-lures-over-450m-into-izs-in-q1.html
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Industrial property developers, natural rubber firms resilient on cash availability
Industrial park developers and natural rubber companies are the most resilient amid a prolonged global COVID-19 pandemic due to higher cash availability, according to BIDV Securities Corp (BSC). BSC presumed if the disease is not controlled and cured in the next two months, companies will have no revenues and new cash flow while they still have to spend 50 per cent of previous income on operation expenses, interests and short-term liabilities. One positive thing in the next few months is banks will extend loan dues for companies in 2020 so they are able to recover from being hit during the global pandemic, BSC said. The brokerage firm forecast oil and gas companies, sugar producers, property developers and seaport operators will have enough cash to operate for 11.4-24.2 months.
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