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The Trade Tensions Weave Uncertainty for Vietnam’s Textile Industry
In light of the US-China trade truce, while Vietnam is still in negotiations, Vinatex forecasts a stable order volume for Q3 due to low US inventory levels. However, the company predicts a potential 10% decline in orders for Q4 as purchasing power may weaken. Chairman Le Tien Truong emphasizes the industry's need to seize the negotiation "lull" to proactively adapt and stay resilient.
Two Securities Firms Receive a Combined Limit of VND 2,500 Billion from ACB
On May 15, the Board of Directors of FPT Securities (FPTS, HOSE: FTS) approved a short-term borrowing limit of VND 2,000 billion at Asia Commercial Joint Stock Bank (ACB). On the same day, the Board of Directors of Agribank Securities (Agriseco, HOSE: AGR) also approved a limit of VND 500 billion at ACB, with similar terms and conditions regarding purpose and collateral.
Nurturing Vietnam’s Future: Vice Prime Minister Ho Duc Phoc on the Path to Samsung,...
"The idea of fostering private sector growth to create large conglomerates like Samsung, Lotte, and Posco is a prudent and necessary step for Vietnam, as emphasized by Deputy Prime Minister Ho Duc Phoc. This approach has the potential to propel the country's economy forward and establish Vietnam as a prominent player in the global business arena."
