Credit institutions are reluctant to lend to the agricultural sector due to high risks while the lending interest rate is low, experts have said.
A contentious debate has arisen over whether Việt Nam should impose a 5 per cent VAT on fertilisers to boost local production or retain the current tax exemption to support farmers.
Vietnamese businesses need to step up the building of close relationships with partners and associations in the US.
In May, SBV launched an inspection campaign focussing on law compliance of gold trading enterprises, part of efforts to narrow the gap between international and domestic gold prices.
This significant restructuring of credit institutions opens up numerous growth opportunities for both the receiving and transferred banks.
The heavy damage of Typhoon Yagi to the agricultural sector has recently raised questions about the role of agricultural insurance and why it is not widely applied here.
Commercial banks are responsible for sharing the burden of those who were severely affected by Typhoon Yagi.
This is a problem not only affecting Starbucks. Many brands have also recently closed their stores at prime locations.
The land market in suburban districts of Hà Nội became 'hotter' than ever when auctions continuously sold out in the past month.
Divestment strategies and asset sales are key for large firms to focus on core business areas and sustain profit growth.
Việt Nam's strong economic performance in the first half of 2024 has led the government to raise its GDP growth target to 6.5-7 per cent, yet domestic businesses remain cautious, due to ongoing challenges not fully captured by broader economic indicators.
Three major new laws related to property ownership, recently approved by the National Assembly, are expected to bring about changes to the market, said business insiders and experts.
The latest report from the SBV showed that after half a month of implementing biometrics, only two banks saw a biometric registration rate of over 20 per cent, and four other banks had a rate of over 10 per cent. Meanwhile, the remaining banks recorded a rate of less than 10 per cent.
The amount of imported hot-rolled coil steel in the first six months of this year increased sharply to an alarming level, 1.7 times higher than domestic production.
While a franchise is becoming a popular business model in the domestic and international food and beverage (F&B) sector, many businesses are still not interested in it as a business growth model.
Experts have proposed the Government issue a separate law for the consumer finance lending, entitled the Financial Consumer Protection Law, to help the sector develop healthily and sustainably.
The General Department of Taxation has sent an official dispatch to ask local tax departments to carry out comprehensive inspections of tax declarations and payments, as well as the use of e-invoices by organisations, individuals and business households operating on e-commerce platforms.
Domestically-produced components and mechanical products have so far met 80-90 per cent of local production needs in the motorbike industry, 15-40 per cent of the automobile industry and 40-60 per cent of the agricultural machine industry.
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