Garment sector severely hit by mass layoffs
HCMC – The textile and garment sector in Vietnam has witnessed a significant impact on its workforce this year, with around 70,000 employees nationwide losing their jobs and another 66,600 having less working hours in January-May, the Ministry of Labor, Invalids and Social Affairs reported.
Dong Thap to supply sand for Can Tho-Ca Mau Expressway project
HCMC – Dong Thap Province has pledged to provide seven million cubic meters of sand for two expressway projects, Can Tho-Hau Giang and Hau Giang-Ca Mau, to address the shortage of sand faced by expressway developers. The 110-kilometer Can Tho-Ca Mau Expressway is a key component of the eastern
The charming beauty of Hue City - An ancient capital in Vietnam
Hue is located in Thua Thien prefecture and is in the central part of Vietnam. Located 660 km from Ha Noi and 1080 km from Saigon, Hue has always been considered the fulcrum of Vietnam's two rice baskets, the Red river delta and the Mekong delta. Hue became the name of Vietnam's most well known
Vietnam: When will the real estate liquidity recover?
When will real estate liquidity in Vietnam recover? Experts say that if the loan interest rate is below 10% and remains stable, cash flow will return to the real estate market.
The insurance revenue of many Vietnamese banks dropped sharply.
Revenue from insurance in the first quarter of many Vietnam banks was only 50% of the same period in the same period, after many years of continuous high growth.
Bank loans in low demand
Cash-starved businesses have refrained from accessing bank loans while others have even canceled their loan requests despite reduced interest rates Interest rates still high The food industry is performing better than labor-intensive sectors such as wood, apparel and footwear. Even though food is
Flicking through business situation
The Ministry of Planning and Investment’s 2022 white book on Vietnamese enterprises showed that there were 811,538 businesses in Vietnam as of December 31, 2020, but only 684,260 produced goods and generated revenue during the year. This translated into 16% of Vietnamese enterprises without an
Paving the way for tourism development
Prime Minister Pham Minh Chinh signed Resolution 82/NQ-CP on May 18, 2023, focusing on critical measures and solutions to enhance service quality and accelerate the recovery and sustainable development of the tourism industry. The Government’s resolution outlined tasks to restructure the tourism
More challenges ahead
Apart from flagging orders, stringent requirements for clean energy transition, sustainable materials, and low-carbon and eco-friendly production present new challenges to Vietnamese manufacturers Technical barriers The prolonged Russia-Ukraine military conflict, escalating inflation, and economic
Bad debt on the rise
Bad debt has begun rising. Without a quick solution to keep it in check, bad debt would be once again a big problem for the economy, affecting future growth. VND600 trillion worth of bad debt Seven banks have let their bad debt ratio on the balance sheet exceed 3%, out of the 28 lenders that […]
The shadow over economy
The National Assembly (NA) sitting is taking place at a time when things could not be worse. The country has been beset by economic woes while business sentiment has plunged to its lowest since 2005. The 15th NA began its fifth sitting in Hanoi on May 22. During the ongoing meeting, there have
The capital increase race
An increase in equity is believed to help securities companies get ready for their business activities since this sum of money is closely related to their core operations such as margin lending or proprietary trading. The race heats up again After a lukewarm period, capital increases at securities