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Vietnamese billionaire Pham Nhat Vuong has pledged to invest approximately $2 billion into VinFast Auto Ltd., a struggling electric vehicle manufacturer. Additionally, parent company Vingroup JSC plans to loan VinFast up to $1.38 billion and convert existing loans of about 80 trillion dong into preferred shares to ease financial pressures.
Switzerland's Export Risk Insurance (SERV) is backing three gas-fired power plants abroad, two in Vietnam and one in Turkmenistan, with a total insurance sum of CHF520 million ($590 million). However, these plants are projected to emit eight million tonnes of CO2 annually, raising concerns as this figure represents about 20% of Switzerland's greenhouse gas emissions. Despite commitments made at the Glasgow Climate Conference, SECO acknowledges the importance of gas plants for reducing reliance on coal and oil in developing nations while balancing domestic job creation and export promotion.
VPBank and JBIC have signed a $3 million credit agreement to support renewable energy projects in Vietnam, aligning with national emission reduction goals. The bank reported a 9-month pre-tax profit of nearly VND 13.9 trillion, driven by interest income, while maintaining a low bad debt ratio below 3%. Looking ahead, VPBank aims to enhance growth in retail, SMEs, and FDI segments, anticipating a recovery in the property market and increased demand for home loans and credit cards.
Vietnam's central bank is prepared to sell US dollars to stabilize the dong and maintain macroeconomic stability, according to State Bank Governor Nguyen Thi Hong. During a National Assembly meeting, she emphasized the need to curb inflation while managing commercial lending rates to avoid impacting the foreign currency market.
Investors in Asia are increasingly betting on stocks poised to benefit from Donald Trump’s potential return to the White House. Shares of Korean shipbuilders, Indian electronics manufacturers, Australian steel suppliers, and Vietnamese industrial parks have surged, driven by expectations of stricter global trade policies that could reshape supply chains and favor agile companies.
The Healthcare Smart Contracts Framework Market is projected to grow significantly from 2024 to 2032, driven by increasing demand, technological advancements, and a broadening customer base. The report provides a comprehensive analysis of market trends, competitive landscape, and regional opportunities, highlighting key players like IBM and ScienceSoft USA Corporation. It also examines factors influencing consumer behavior and offers insights into pricing strategies and market dynamics.
The Facility Management Services in Healthcare Market is projected to experience significant growth from 2024 to 2032, driven by increasing demand, technological advancements, and an expanding customer base. The report provides a comprehensive analysis of market trends, competitive landscape, and regional insights, highlighting key players and their strategies. It also examines factors influencing consumer behavior and offers forecasts for future developments in the sector.
Vietnam may face significant challenges in profiting from a new US-China trade war, unlike during the previous conflict under Donald Trump. With potential tariffs of up to 60% on Chinese goods and 20% on imports from other countries, Vietnam's growing trade surplus with the US could make it one of the hardest-hit nations in Asia.
Vietnam’s VPBank (HoSE: VPB) and Dabaco (HoSE: DBC) have been added to the MSCI Frontier Markets Index in the latest review, which now includes 211 tickers. Vietnam maintains the largest weight in the index at 25%, followed by Romania and Morocco. Additionally, eight Vietnamese stocks were added to the MSCI Frontier Markets Small Cap Index, while six were removed, with DBC transitioning to the main index. Changes will take effect after the market close on November 29, with the next review scheduled for February 11, 2025.
VPBank has been recognized for the 6th consecutive time as one of the Top 20 enterprises with the highest ESG scores in the Vietnam Sustainable Development Index, outperforming industry averages in environmental, social, and governance components. With a market capitalization exceeding 156 billion USD, the bank continues to lead in sustainable practices, including implementing Climate-Related Financial Disclosure to support its net zero emissions goal. In Q3 2024, VPBank reported a pre-tax profit of nearly 67 trillion VND, reflecting a 13.9% increase year-on-year, while also securing a significant credit contract with JBIC for renewable energy projects.
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