The office will support activities related to the company’s commitment to fostering economic growth and accelerating the future of energy in Vietnam with its partners in the country.
Locally-listed industrial-park operator Phnom Penh SEZ Plc (PPSP) successfully acquired the remaining 40 per cent stake in construction company Sahas E&C Co Ltd from its joint venture (JV) partner LCH for $1,172,514.82, making it a wholly-owned subsidiary.
VietNam Economic News
The United Arab Emirates (UAE) is a leading Vietnamese trade partner in the Middle East and Africa. It offers a gateway for Vietnamese goods to access these markets, while Vietnam facilitates the entry of UAE products into the Southeast Asian market.
Global cross-border payment network Thunes has entered into a partnership with ABA – Cambodia’s largest commercial bank – to allow millions of overseas Cambodians to send money back home faster and more affordably, and cement its focus on the Kingdom as a vital Asian market, “with more capabilities to be rolled out in the near future”.
Japan, Singapore, and New Zealand reaffirmed their commitment to boosting cooperation with Vietnam.
Prince Bank Plc on Wednesday partnered with the government-owned Credit Guarantee Corporation of Cambodia Plc (CGCC) to offer special loans to support cashstrapped businesses – including small and medium-sized enterprises (SMEs) – through the challenges of the Covid-19 pandemic.
International Finance Corporation (IFC) is providing a US$40 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank) to support local businesses and help them make a resilient recovery after the COVID-19 pandemic, the member of the World Bank Group said on Monday.
The government, with support from development partners, on June 28 launched the National Circular Economy Strategy and Action Plan, as well as an affiliated platform to engage the private sector in the Kingdom’s transition towards a circular economy.
The Ministry of Commerce has invited coffee producers and entrepreneurs to participate in the “Restaurant Asia 2021” – an event set to be held in Singapore from November 18-20 – to promote their products and find business partners.