Commercial banks are expected to lower lending interest rates after getting more support to cut input costs from the State Bank of Việt Nam (SBV)’s agencies this week.
HCM City has a number of organisations providing assistance and consultancy to small and medium-sized enterprises while banks offer loans on easy terms, but they do not make use of either the consultancy or loans, a conference heard in HCM City on October 3.
Việt Nam is taking strong actions from the central to the grassroots level to speed up the application of Industry 4.0, making changes in fields of production, business, cultural and social life, as well as national defence and security.
Việt Nam is seen as an increasingly attractive investment destination for many Korean businesses, Choi Gangsun, director of Korea-based Gyeonggi Technopark, said at the Việt Nam-South Korea Trade forum on October 3 in HCM City.
Advanced technologies and machinery and equipment used in the plastics and rubber industry are on display at the Vietnam International Plastics and Rubber Industry Exhibition that opened on October 3 in HCM City.
The manufacturing and processing sector led the industry sector and the whole economy with an expansion of 11.4 per cent.
Italy hopes to turn Việt Nam into a strategic entrance for trading and investment in Southeast Asia, especially in the field of manufacturing and processing agricultural products. Michele D'Ercole, Chairman of the Italian Chamber of Commerce in Việt Nam (ICHAM), speaks to Việt Nam News Reporter Nguyễn Linh Anh on the sideline of the two-day “Machinery Made in Italy 2019” event ending Wednesday in Hà Nội.
Experts suggested firms use more derivative instruments, such as futures and forward contracts, to minimise exchange rate risks when they can no longer borrow the US dollar from commercial banks, starting early this month.
The Cửu Long (Mekong) Delta province of Trà Vinh is calling for investment in six tourism areas, including Long Trị Islet, Bà Om Pond, Ba Động Beach, Hàng Dương, Tân Quy Islet and Duyên Hải hot mineral springs.