The State Bank of Việt Nam (SBV) has warned commercial banks about rising bad debts and loans from large corporate customers whose credit values top VNĐ500 billion (US$21.5 million) each.
The plan aims to assign tasks and responsibilities to agencies and organisations and decide on measures to implement the deal fully and effectively.
The move was approved at the annual general shareholder meeting of DIC Group this year.
Hà Nội was strengthening trade promotion activities for farm produce to establish sustainable value chains and build a resilient agriculture because of the COVID-19 pandemic.
The trust of investors in the local business climate and support from authorities for enterprises are among the main factors that have helped the southern province of Đồng Nai almost reach its foreign direct investment (FDI) target for the year.
Currently, the bus system only meets 15 per cent of the travel demand of Hà Nội residents.
Vietnamese stock markets ended Thursday on a positive note, largely led by gains in financial shares and heavy-weight stocks.
Moody’s Investors Service has announced that it is considering upgrading a series of important ratings for VPBank.
Many tourism-related firms those have borrowed from banks are facing foreclosure due to the latest outbreak of COVID-19 infections.
For visitors to Việt Nam, one of the most striking images is that of the bustling roads, with a huge number of motorbikes battling for space with cars, trucks and public transport.
Việt Nam has one of the fastest-growing e-commerce sectors in the world. Last year, local e-commerce revenue grew 18 per cent to reach US$11.8 billion, accounting for 5.5 per cent of total retail sales of consumer goods and services nationwide. The COVID-19 pandemic has created tremendous pressure for change and new ways of doing business for firms, even small ones. The need for support from major e-commerce platforms that operate on a global scale is vital for local firms to overcome the difficulties of the pandemic. Lại Việt Anh, deputy director of the Việt Nam e-Commerce and Digital Economy Agency (IDEA) under the Ministry of Industry and Trade, speaks about the issue.
In April, PNJ opened three new stores, increasing its retail network to 340 stores across the country.
The Ministry of Industry and Trade has urged firms to be cautious when doing business with firms in India which was severely hit by the COVID-19 pandemic.
The US Department of Commerce (DOC) has officially begun an anti-dumping investigation into honey imported from Argentina, Brazil, Ukraine, and Việt Nam.
Shares made strong gains on Wednesday with the VN-30 Index conquering the 1,400-point landmark, propelled by a surging large-cap stocks.
Once the deal is completed, Vietnam Ventures Limited will hold 20.5 million shares of KDH, equivalent to an ownership rate of 3.67 per cent and will no longer be a major shareholder of KDH.
In 2020, the manufacturing sector played a pivotal role in driving Việt Nam’s economy, contributing to 5.82 per cent in the economy. Additionally, it accounts for 16.69 per cent of the GDP of Việt Nam.
Seafood exports are expected to fetch US$2.1 billion in the second quarter, a year-on-year increase of 10 per cent, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).