Through the five-year bonds, the bondholder will be given the right to choose shares of VinFast owned by Vingroup in accordance with the United States’ provisions of the Securities Act 1933.
This comes after Vingroup unveiled a plan to issue bonds to the international market at a maximum value of US$1.5 billion late last year, with the bond issuance being divided into two phases.
Vingroup finalizes its bond issuance on international market (Source: https://cafeland.vn)
After completing the first issuance, Vingroup is anticipated to continue conducting the second bond offering with a total value of roughly US$975 million moving forward.
A representative from Vingroup revealed that the group will make use of the US$1.5 billion collected from bond issuance to supplement capital for business activities, as well as increasing the capital scale through investing in the implementation of the VinFast automobile production complex project.
Vietnam set to ramp up macadamia exports to Middle East
The Vietnam Macadamia Association has actively worked alongside major businesses in Dubai in the United Arab Emirates (UAE) as it seeks to strengthen trade promotion activities to accelerate the export of Vietnamese macadamia products to the Middle East market in the future.
Vice President and General Secretary of the Vietnam Macadamia Association Huynh Ngoc Huy introduces foreign partners to the potential of macadamia trees in Vietnam (Photo: thanhnien.vn)
According to the Voice of Vietnam, the move comes as a result of a working trip conducted by Huynh Ngoc Huy, vice president and general secretary of the Vietnam Macadamia Association (VMA), who attended the launching ceremony of the World Macadamia Association (WMA) and the 39th International Nut and Dried Fruit Council (INC World) that was recently held from May 10 to May 13 in Dubai.
The 39th INC World attracted the participation of over 1,000 international delegates, including experts, suppliers, businesses, as well as customers in the dried fruit industry from more than 60 countries globally.
The event offered an ideal venue for Vietnamese macadamia businesses to learn valuable experience from other dried fruit enterprises based around the globe.
Huy revealed that after the launching ceremony, WMO members reached an agreement in order to jointly ramp up trade promotion activities of macadamia products worldwide. Furthermore, WMO has also developed and applied quality standards for global macadamia products.
The VMA leader emphasised that the participation in activities of WMO and INC World also provided an opportunity for the Vietnam Macadamia Association to meet with foreign partners and gain greater entry into potential export markets.
He noted that to the VMA will become an active member of INC World and WMO during upcoming activities as it aims to contribute to developing the local dried fruit industry in general, with a particular focus on the macadamia sector.
Kien Giang calls for investments in 55 projects to mitigate natural disasters
The southern province of Kien Giang is calling for investment in 55 projects meant to cope with climate change and prevent natural disasters and coastal and riverine erosion, reported VOV.
Embankments built to create mud flats for growing mangrove forests
in Kien Giang’s Hon Dat district. (Photo: VNA)
The newly approved projects include 14 in transportation, 15 in agriculture and irrigation, 20 in water supply, two in water drainage, three in wastewater treatment, and one in solid waste treatment.
One of the transport projects will build a 3.1km road along the western coast of Phu Quoc island at a cost of 2.2 trillion VND (86 million USD).
Another is an erosion-prevention embankment along Vinh Thuan Yen beach in Ha Tien city.
The 6.3km dyke will cost 640 billion VND (27 million USD) and help cope with climate change and seawater rise, beautify the city’s urban area and foster tourism.
Urban areas in Rach Gia City, Kien Giang province. (Source: baodautu.vn)
Kien Giang has mobilised investment from various sources in recent years for projects to cope with climate change and natural disasters, and they have proven effective, helping improve people’s livelihoods and fostering socio-economic development, according to its People’s Committee.
It has built 37 irrigation sluices in the western sea dyke, and they are functioning effectively.
Another 18 sluices and freshwater reservoirs are being built on Phu Quoc and islands in Kien Hai district, and various saltwater prevention projects along the coast in Rach Gia city and Chau Thanh and Kien Luong districts.
The province has asked the Government for funding for three urgent projects required for coping with climate change and preventing saltwater intrusion in rivers.
To cost a total of 2.85 trillion VND (122 million USD), they include a saltwater prevention project in the western sea in Kien Luong and Chau Thanh districts, construction of 16 sluices in An Bien and An Minh districts, and building and upgrading water supply works in rural areas./.