On October 16, Deputy Prime Minister Nguyễn Văn Thắng met Citigroup CEO Ernesto Torres Cantú as the bank looks for ways to raise capital for Vietnam's energy sector. Citigroup said it is ready to bring international investors to Vietnam, help local firms enter foreign markets and work more closely with the Ministry of Finance on the country's sovereign credit rating. The Deputy PM said the government targets GDP growth of at least 10% a year over 2026–2030 and aims to mobilize capital from international financial institutions. He asked Citibank to attract high-quality investment, share digital transformation and payments expertise, and help build international financial centres in Ho Chi Minh City and Da Nang. He also asked Citigroup to convey Vietnam's cooperation efforts to the US government, aiming for an early conclusion of a reciprocal trade agreement.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Citigroup muốn huy động vốn cho ngành năng lượng Việt Nam
Read the original on VnExpress ↗
Related tickers and likely impact
GAS
▲ Likely positivePetroVietnam Gas
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Gas Distribution |
| Market cap | 183,625 bn VND |
| P/E | 14.4 |
| P/B | 2.67 |
| Close on 10/16/2026 | 76.10 |
| Change that session | -0.13% |
POW
▲ Likely positivePV Power
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Utilities |
| Industry | Electricity |
| Market cap | 37,428 bn VND |
| P/E | 6.3 |
| P/B | 0.91 |
| Close on 10/16/2026 | 12.20 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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