AGP Executive Report
Last update: 2 hours agoTrade: Vietnam and the four EFTA states signed a free-trade pact after 14 years of talks, opening new market-access and investment opportunities; implementation is targeted for 2027. Finance: The State Bank ordered banks to cut deposit rates by at least 0.5 percentage points for terms of six months or more and reduce business lending rates, while warning against rate wars. Electric Vehicles: VinFast’s second-quarter revenue jumped 85.5% to US$1.2 billion, with 70,085 EVs delivered, but its continuing-operations loss widened to US$1.24 billion. Growth: GDP rose 9.95% in the third quarter and 9.01% over nine months; manufacturing and processing output grew 12.9%, but meeting the double-digit annual growth ambition will require a strong final quarter. Energy: AFRY will advise on engineering for the proposed 1.5GW Quynh Lap LNG project, including its receiving terminal and marine infrastructure; the plant is not yet under construction.
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