After four months, the International Finance Corporation (IFC) and international lenders increased the loan package granted to Southeast Asia Commercial Joint Stock Bank (SeABank), from 150 million USD to 220 million USD in order to maintain the cooperation with SeABank in re-financing SMEs, women-owned businesses and the climate.

The Vietnam Maritime Corporation (VIMC) had great performance in 2021, earning around 3.75 trillion VND (165 million USD), according to Nguyen Canh Tinh, general director of the shipping giant.

IFC increases loan package for SeAbank to $220 million

Việt Nam Maritime Corporation (VIMC) demonstrated great performance in 2021, profitably fetching around VNĐ3.75 trillion (US$165 million).

Vietnam is aiming at 900 million USD from cashew nut export to the European Union (EU) in 2022.

Export revenue of wood and furniture generated frrom the US market is predicted to reach 10 billion USD in 2022 thanks to the development trend from 2021.

Despite pandemic-caused difficulties, Vietnam still posted a trade surplus of 4 billion USD, an impressive achievement partly attributed to free trade agreements (FTAs), especially the new-generation ones.

Dragon fruit prices are falling sharply because it cannot be exported to China, and farmers are in dire need of support from the Government, experts said.

A seminar to promote agricultural trade and investment and cooperation between enterprises of the northern mountainous province of Ha Giang and Israel has been held in the Vietnamese locality.

Fast digital transformation is considered the best way for Vietnamese agricultural sector to overcome difficulties to recover and develop in the post-pandemic period, thus affirming its role as a key pillar of the economy, according to experts.

Economic and industrial parks nationwide drew 539 foreign-invested and 615 domestic projects with a total registered capital of US$12.8 billion last year despite COVID-19 pandemic, up 15 per cent annually.

Volatile consumption is often an issue for Vietnamese fruit sales during the first three months of the year, and Jackfruit is likely to struggle in 2022. Standardisation is the only solution to this problem, according to Nguyễn Quốc Toản, director of the Agro-Processing and Market Development Department, at a webinar on Thursday.

The government is mulling to slash VAT down to 8 per cent from 10 per cent for a large number of businesses in 2022, starting from February.

The Ministry of Industry and Trade will not add any more wind and solar power into this year's plan, due to a lack of input facilities to transfer them to the national grid.

Commercial banks did not grant credit to four real estate businesses that won the auction of land use rights in the Thủ Thiêm new urban area, according to the State Bank of Vietnam.

Although market regulators detect many violations on the stock market, the penalties are often not proportionate to the profit, and so are of little deterrent to would-be rule-breakers.

Vietnam pales in comparison with Japan and China in regard to the size of the luxury market, but it has a great potential to become a highly profitable market in the near future, according to Jing Daily, a leading digital publication on luxuries in China.

The market finished lower during Monday's trade, weighed by profit-taking activities across all sectors. 

The Vietnamese stock market has witnessed drastic changes in both quality and quantity in 2021 and the trend will continue this year, BIDV Securities Company said in a recent report.

The scarcity of rubber raw materials is forecast to continue in 2022, and world rubber is entering a new price increase cycle due to the decreasing supply, opening an optimistic picture for Vietnamese rubber enterprises to enjoy the dual benefits in terms of both export volume and value.