Việt Nam News

In a survey done in August by the Board for Private Economic Development Research, 46 per cent of 21,000 enterprises polled said their financial resources would only enable them to maintain operations for three months or less.

BUSINESS BEAT

British lender Standard Chartered Bank has cut its forecast for Việt Nam’s GDP growth this year to 4.7 per cent from its previous 6.5 per cent.

The software industry is among the beneficiaries of the crisis, with many companies in Việt Nam doing well.

The COVID-19 pandemic is considered to be one of the key reasons for the surge in deposits by companies.

Cold storage facilities is a highly profitable segment in the logistics industry, but exploiting its potential is not easy for domestic or foreign investors.

BUSINESS BEAT

Will the property market crash or boom in the coming months? Industry insiders are unable to agree on this, and come up with a range of replies.

E-logistics is a rather new concept even to the logistics industry in Việt Nam.

A recent survey by the General Statistics Office found that most businesses in the food processing industry expected to achieve good results in the third quarter.

The Ministry of Industry and Trade (MIT) is seeking approval from the Prime Minister to deal with the huge container backlog at Tân Cảng - Cát Lái (TCCL) Port in HCM City.

BUSINESS BEAT

According to the State Bank of Việt Nam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached VNĐ2.3 million billion (US$100 billion), or 24.6 per cent of the banking sector’s total loans.

Packaged food producer KIDO Group has opened a chain of stores in HCM City selling the Chuk Chuk brand of ice cream, milk tea, tea, coffee, and fresh bakery products with an investment of VNĐ100 billion (US$4.4 million).

BUSINESS BEAT

In the last two years nearly $3 billion had been invested in warehousing and logistics.

Analysts said technology retailers had managed to sustain growth though the market had gradually become saturated because they had shown the flexibility to enter other businesses.

Interest rates on the interbank market have been rising relentlessly, with the overnight interest ratebeing hiked five timesin less than a month.