EVN leaders to be disciplined soon; credit growth boosted

- Capital Management Committee proposes to discipline EVN leaders for power shortage

The State Capital Management Committee at Enterprises has proposed a disciplinary reprimand for a number of leaders of Vietnam Electricity (EVN) and the National Load Dispatch Center (A0) for causing power supply disruptions. Accordingly, the Committee has proposed a disciplinary reprimand for EVN leaders, including: Mr. Duong Quang Thanh - former Chairman of the Board of Members; Mr. Tran Dinh Nhan - member of the Board of Members and General Director, Mr. Ngo Son Hai - Deputy General Director and Director, Deputy Director of the National Load Dispatch Center. The Committee is continuing to coordinate with the Party Committee of the Central Enterprises Bloc to direct EVN to issue decisions on disciplining officials and party members. (See more)

- Prime Minister requests State Bank to manage credit growth reasonably

Prime Minister Pham Minh Chinh has just signed an official dispatch on continuing to resolutely implement solutions to increase access to credit capital, remove difficulties for production and business activities and fulfill the task of collecting the state budget in 2023. The Government requires the State Bank of Vietnam (SBV) to manage credit growth reasonably and effectively, strive to achieve the highest possible target set, improve credit quality, direct credit to production and business sectors, priority sectors, growth drivers of the economy (especially investment, consumption, export), and control credit for sectors with potential risks (according to Nhip Song Thi Truong).

image in ls1 668.jpg — The Prime Minister requested the State Bank to manage credit growth reasonably (Photo: Hoang Ha).

- More than 1,000 cargo vehicles pass through Lang Son - China border gate every day

According to the Management Board of Dong Dang - Lang Son Border Gate Economic Zone, currently, 5 border gates of Lang Son province, namely Chi Ma, Huu Nghi, Tan Thanh, Coc Nam and Dong Dang international railway station, are maintaining stable import and export activities, with over 1,000 import and export vehicles clearing customs every day. According to statistics from the authorities, on average, every day there are about 350-400 vehicles carrying various types of fresh fruits to the province's border gate area for export to China (according to Tien Phong).

- Exposing shortcomings in managing durian growing area codes

Although the 2023 durian season is gradually coming to an end, the management of durian growing area codes in Dak Lak province is facing many challenges, especially fraud and counterfeiting that still occur, affecting reputation and brand (according to Lao Dong).

- In the hands of Thai people, Binh Minh Plastics sets new profit peak

Binh Minh Plastics - the largest plastics company in the South - despite a decline in revenue, its profits still grew strongly, and the annual profit target was completed after only 9 months. According to the recently released third quarter financial report, Binh Minh Plastics Joint Stock Company earned a net profit of 784 billion VND after only the first 9 months of the year, an increase of 75% over the same period and thereby quickly exceeding the annual profit plan by 20% (651 billion VND). This is the best profit level of the enterprise even though it has only gone 3/4 of the way, higher than all the annual profits of the company in the past. (See more)

- The world's largest oil and gas group wants to invest in Vietnam

Recently, in a meeting with Prime Minister Pham Minh Chinh, Mr. Yasser M. Mufti, Executive Vice President of Saudi Aramco, expressed his desire to have the opportunity to invest in Vietnam and build a new oil refinery. Prime Minister Pham Minh Chinh suggested that Aramco participate in investing in Vietnam in the oil and gas sector, especially in large oil refinery projects in Vietnam. Saudi Aramco of Saudi Arabia is the world's largest oil producer and has at times held the position of the company with the largest capitalization value globally (according to Dan Tri).

Gold prices ended the week with gains. Tensions in the Middle East have caused gold prices to rise sharply due to demand for shelter.

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