It has become a struggle to get loans from banks to buy houses or cars with lenders saying they have used up their credit growth quotas.

Despite efforts to increase cheap capital sources, many banks reported their current account savings account (CASA) rate in the second quarter of 2022 declined compared to the previous quarter.

Global central banks are in a dash to raise interest rates to cool rampant high inflation and their moves are challenging the State Bank of Việt Nam’s policymaking in a way to support the economic recovery while sustaining macroeconomic sustainability.

Corio Generation of Macquarie Group (Australia) proposed researching an offshore wind power plant project with a capacity of about 1,000MW at the total investment of between $2 billion and $3 billion in Hải Phòng City.

HCM City will focus on helping businesses invest in the Saigon Hi-tech Park in Thủ Đức City by addressing slow administrative procedures, a conference on facilitating investment heard on June 27.

The chairman of the Korean Chamber of Commerce and Industry in Việt Nam, Shon Young Il, has called on HCM City authorities to help Korean firms resolve difficulties they face in investing and operating in the city.

OnPoint, an e-commerce enabler in Việt Nam, has successfully raised US$50 million in a series B fund-raising round from SeaTown Private Capital Master Fund managed by SeaTown Holdings International, an indirect wholly-owned subsidiary of Singapore’s Temasek Holdings.

The Government of Việt Nam will keep following reform policies in administrative procedure, legal environment, more transparency and publicity in creating trusts and confidence among domestic and foreign businesses investing in Việt Nam and Đà Nẵng with the win-win target.

Leading enterprises from the Republic of Korea (RoK) including Samsung Electronics, Naver and Revu Corporation have further promoted investment in research and development (R&D) centres in Việt Nam to fully tap high-quality and low-cost human resources.

While Việt Nam plans a 7,000MW of offshore wind power by 2030, most of wind farm investors shared their concern about the bidding mechanism for the industry in a recent energy workshop in Hà Nội.