The Ho Chi Minh City-based Bach Khoa Investment and Development of Solar Power Corporation (SolarBK Group) will be the only Vietnamese business participating in the Future of Energy Summit which is organised by Bloomberg New Energy Finance, in Shanghai, China from 28-29 November.
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The national government will spend a total of over 30 trillion VND (1.3 billion USD) on tourism infrastructure development for the 2016 – 2020 period, according to a target programme approved recently.
The number of foreigners buying real estate products in Viet Nam has increased, but the domestic property market needs policies to attract more foreign investment, according to experts.
Vietnam’s central bank said record-high foreign reserves will enable it to keep the currency stable for the rest of the year as the government focuses on boosting growth in the Southeast Asian economy.
With reserve levels at $45 billion, “we are confident that we will be able to maintain the dong’s value,” in 2017, Nguyen Thi Hong, deputy governor of State Bank of Vietnam, said on the sidelines of a meeting in Hoi An on Saturday. “Such a high level of foreign reserves will allow us to step in to stabilize the money market when needed.”
After 10 years of operation, the Da Nang Investment and Development Fund has signed loan agreements totalling 2,116 billion VND with 120 local project developers involved various aspects.