Enterprises in financial distress
To secure enough capital for business operations, a wooden product exporter to the U.S. and the EU had to agree to secure a loan of VND10 billion with an annual interest rate of over 9%, instead of 5-6% as in previous years, said its director. The firm applied for the loan last year, but only […]
Green economy needs no rush
For Vietnam, it is a good opportunity for domestic enterprises to become companions, to grow alongside and to develop. From a wider perspective, it should be the lifeline for the planet. Greener owing to FDI? The 2022 FDI report with the key topics of green growth and digital transformation
The reverse side of export growth
In recent years, Vietnam’s export revenue has soared in tandem with a rising number of lawsuits filed against local companies. Legal actions on the rise In late January, the U.S. Department of Commerce (DOC) announced a probe into gas-powered pressure washer products of 14 Vietnamese manufacturers
Caution about credit growth targets
The fact that credit growth has been sluggish in the year to date means that it is not yet necessary for banks to allocate high targets in the beginning of the year. In addition, the potential risks to the economy, especially for inflation, give banks more reasons to retain their control over
Promoting economic integration
Arsjad Rasjid, chairman of the Indonesian Chamber of Commerce (Kadin Indonesia) and ASEAN Business Advisory Council (ASEAN–BAC), recently visited Vietnam for a roadshow to promote economic development. On this occasion, The Saigon Times had the opportunity to speak with him about bilateral ties
New concerns for stock market
That many enterprises will be subject to inspection regarding their previous stages of flotation or divestment of State capital sparks concerns among investors. This could be another source of pressure on the stock market, which is already in a sensitive and very vulnerable state. Check on
Exploring new markets
Headwinds from slumping demand may pose further challenges for Vietnam’s export sector. To overcome difficulties, exporters need to gain a stronger foothold. What does a plunge in new orders indicate? New orders have dived among Vietnam’s key export industries, such as apparel, footwear and wood,
Housing finance
Vietnam’s depressed property market has led to calls for government intervention in credit markets to help overextended property developers and to stimulate demand for housing. Lessons from international experience suggest that there is scope for government action to improve the operation of the
Hindrances to FDI inflows
Vietnam is among the destinations receiving huge investment shifts from China and has taken the lead in the race for FDI capital against potential competitors such as China, Indonesia, India, and Mexico. However, the country still finds it difficult to attract FDI due to international political
How to rescue corporate bonds
Many enterprises, especially real estate ones, are now under huge pressure to settle bonds upon maturity, including bond interest, which stems from a lack of oversight in the recent overheated growth of the capital market. To douse the fire on the bond market, all eyes are on the draft amendments
Real estate bonds cause real headache
Let the creditors cleanse the real estate market. They know better than all others how to deal with their money. Background In 2023, there will be some VND130 trillion worth of real estate bonds reaching maturity. Now that the property market’s liquidity has tumbled, and many projects have ground
Inbound tourism requires quick response
Many people believe that Vietnam’s tourism industry should make further efforts to draw international tourists from markets such as India, Australia and Southeast Asia. As predicted, the process of welcoming back tourists from the Chinese market, which accounted for 30% of total international