AGP Executive Report
Last update: 5 hours agoWorld Cup Crackdown: Vietnam police arrested 85 people tied to two major illegal betting rings handling about $133 million, as authorities intensify enforcement ahead of and during the tournament. Offshore Wind Rules: Vietnam issued new requirements for foreign offshore wind investors, including a minimum 15% equity stake and domestic participation, with projects aimed to start operating in 2025-30 or 2031-35. HCM City Logistics Push: Ho Chi Minh City plans to cut logistics costs to 11-14% of regional GDP by 2030, betting on ring roads, expressways, rail links and upgraded waterways to boost competitiveness. China Naval Visit: HCM City welcomed commanders of a visiting Chinese PLA Navy training task force, with talks focused on defense cooperation and mutual understanding. Energy Deal: PV GAS signed a term LNG sale-and-purchase agreement with Shell Eastern Trading for 2027-2031, marking Vietnam’s first term LNG purchase. Business Climate: Vietnam rose to 10th in a regional ease-of-doing-business survey, with investors citing reforms and smoother market access.
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