US giant backs Vietnam’s bid to lead ASEAN gas trade
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
On the afternoon of September 28, Deputy Prime Minister Vuong Dinh Hue chaired a meeting of the National Financial and Monetary Policy Advisory Council on assessing the macroeconomic indicators in the third quarter and the first 9 months of 2017.
The inflation index in September increased to 0.59% mainly due to the continuous adjustment of gasoline prices. Over the same period, inflation increased by 3.4%. It is forecasted to be from 1.5% to 1.8% this year that is below the target set by the National Assembly.
In the third quarter of 2017, GDP (Gross Domestic Product) increased to 7.46%. GDP growth rate in the past 9 months was 6.41%. Growth of GDP in the third quarter increased sharply thanks to the growth of the entire industries, including strong contribution from manufacturing and processing industry and exportation.
The total mobilized capital through government bonds in the past 9 months were VND147 trillion (nearly US$6.5 billion), reaching 80% of the plan.
The market capitalization increased by 38.7%, equivalent to 60% of GDP. The VN-Index surpassed 800 points after nearly 10 years. The derivatives market operated well after its first month of inauguration.
Besides, the foreign currency market was stable and there was no big fluctuation in exchange rate.
Meanwhile, the foreign direct investment (FDI) hit record growth with US$14.6 billion being newly registered. If including US$6.8 of the modified investment, the total registered capital increased by 21.7% over the same period..
With strategic deals and strong policy alignment from the Vietnamese government, Excelerate Energy aims to anchor Vietnam’s LNG ambitions in the region.
Scheduled for completion in 2027, the logistics facility will be the first of its kind in Vietnam significantly boosting parcel processing capacity up to 7 million parcels daily.
Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Amid global economic volatility, WHA Group has rapidly rolled out multiple expansion projects in Vietnam, signaling its strategic focus on the country.
Hai Phong Port JSC. has inaugurated international container terminals No. 3 and 4 at Lach Huyen, raising its throughput capacity to 3.5 million TEUs per year.
Hoang Huy expects revenue to exceed VND4 trillion and post-tax profit to reach up to VND2 trillion in fiscal year 2025-2026, targeting annual growth of over 30% for the next five years.