Bancassurance and regrettable prejudices
In advanced economies, life insurance is increasingly popular to most people, and bancassurance arrangements account for more than two-thirds of all insurance policies. Such facts prove that life insurance is essential, and bancassurance is trusted by policyholders. That trend, however, seems
Bracing for upcoming challenges
Obstacles to economic growth were found as shown by statistics at the end of 2022 and became more serious in the first quarter this year. Currently, most key economic indicators are much poorer than in the same period last year. The value of textile and garment exports hit rock bottom, while the
Foreign capital
Improving the business environment and planning land use for industrial production are needed to attract foreign capital. Enhancing industrial land use policy In 2022, the southern province of Dong Nai emerged as one of Vietnam’s top five destinations for foreign direct investment (FDI), the first
Key takeaways from PAPI 2022
PAPI 2022 shows people’s optimism about the economy despite the lingering concerns over the protracted impact of Covid-19. The report depicts a clear picture of the provincial performance in the second year of the 2021-26 tenure and changes in the public viewpoint on the efficiency of the fight
Bright spots amid dreary picture
Listed companies are entering the peak season when their business results for the first quarter of 2023 will be made public. As previously forecast, quite a few enterprises suffered a sharp decline in their profits, or even made losses. Risks from volatile prices, stagnant consumption This came as
HCMC expedites site clearance for Beltway No. 3 project
HCMC – The HCMC People’s Committee has requested the localities that Beltway No. 3 passes through to focus on clearing 80% of the area by June 30 this year. Chairman of the city government Nguyen Van Mai made the above request at a conference on enhancing state management over compensation and
Parkson to exit Vietnam market
HCMC – Parkson Vietnam has filed for voluntary bankruptcy proceedings to the HCMC People’s Court on April 28 after years of losses in the Vietnamese market. The decision came after its 18 years of operating in Vietnam with an initial eight shopping malls, later narrowed down to the single Parkson
Finance Ministry rejects 50% registration fee cut request again
HCMC – The Ministry of Finance has reiterated its rejection of a proposal to reduce 50% of the registration fee for local car manufacturers. The ministry wrote to the prime minister on April 28, stating that domestically manufactured and assembled cars should not be entitled to a 50% registration
German glass maker SCHOTT protects IP rights in Vietnam
HCMC – SCHOTT AG, a Mainz-based glass manufacturer, has signed a memorandum of understanding with the Vietnam Directorate of Market Surveillance on anti-counterfeiting cooperation and intellectual property (IP) protection in Vietnam. The German company will provide Vietnamese officials with
Vietnam’s exports fall in first half of April
HCMC – Vietnam made only US$13.2 billion in export revenue in the first half of April, down 19.2% compared to the second half of March, according to preliminary data from the General Department of Vietnam Customs. The steep decline in export value was attributed to significant export drops in key
Understaffed auto inspection centers in HCMC see backlogs surging
HCMC – Despite the high demand for their services, the auto inspection centers in HCMC are unable to operate at full capacity due to a critical staffing shortage. Data from the HCMC Department of Transport showed that around 88,000 vehicles needed inspection in April, in addition to automobiles
VND120-trillion package for social housing sees few takers
HCMC – Though things are ready for the rollout of a soft loan package worth VND120 trillion, disbursement has been far slower than expected as there are almost no takers, said banks. They were speaking at a recent conference on bank credit and the implementation of Circular 02/2023. Phung Thi
