Increase access to funding for Vietnamese startups
More than 4,000 startups marked Vietnam for venture capitals’ attention. Investment in Vietnamese startups in…
Vietnam’s commercial bank credits on a roll
Credit ratings for Vietnam is on an upward trend at the start of 2021 despite the raging pandemic thanks to the recovery in production, business and exports as well as new preferential loan policies to support domestic companies, experts stated.
Several commercial banks propose to increase charter capital
Many commercial banks have submitted to their shareholders and proposed to increase charter capital in the context that credit growth must ensure capital adequacy ratio (CAR) following the international standards Basel II.
Digital banking an option for quality human resource
The ongoing relentless Covid-19 pandemic has severely affected almost all business and economic activities in Vietnam, and valuable and qualified human resource has taken a serious toll with several employees being laid off or having to accept large pay cuts.
Reference exchange rate down on February 22
The State Bank of Vietnam set the daily reference exchange rate at VND23,125 per USD on February 22, down VND9 from the last working day of previous week (February 19).
Hanoi’s shophouse records new prices
Economic slowdown and falling income have driven down demand for real estate segments during 2020.
Cheap chicken imports inhibit domestic products
The growth of cheap chicken imports in recent times has put greater competitive pressure on domestic products, thereby causing plenty of difficulties to domestic chicken producers, according to insiders.
Vietnam railway estimates a loss of US$139 million equity due to Covid-19
The pandemic thwarted a plan to restore the railway sector by taking advantage of the peak traffic times in summer and Tet holidays.
HSBC expects 7.6 pct surge in Vietnam GDP
Vietnam will grow at 7.6 percent this year, driven by newly signed free trade deals and rising foreign investment, HSBC has forecast.
Prime Minister approves the scheme on reforming quality and food safety inspection model
Prime Minister Nguyen Xuan Phuc has signed Decision 38/QĐ-TTg approving the scheme on reforming the quality and food safety inspection model for imported goods.
Budget Deficit in 2020 Below 4% of GDP, Public Debt within Limit
The State budget revenue fulfilled 98% of the estimate and rose by VND184 trillion as compared to the adjusted target of the National Assembly of Vietnam in October 2020, said a report released by the Ministry of Finance at the online conference that reviewed State budgetary and financial
EIU report: Vietnam rises as an alternative to China, beating India
Vietnam’s incentives for international firms for setting up units to manufacture hi-tech products, pool of low-cost workers and proliferation of free trade agreements (the latest one is with the EU) place it at an enviable position among Asian peers, the report suggests.
