Support policies must be practical for firms

Regarding the proposal of the central bank to transfer the undisbursed sum of the 2 per cent interest rate support package into other forms of support, many experts said that this should be the way to go and must be implemented as early as possible.

Timber exporters face a sharp decline in orders

Data from the General Department of Customs showed that the export turnover of wood and wooden products reached US$3.9 billion in the first four months, down 30.6 per cent year-on-year. The export of wooden goods saw a yearly decline of 38 per cent to $2.6 billion. 

Joint efforts exerted to fight IUU fishing

Authorities, localities, fishermen, and businesses have kept taking measures to fight illegal, unreported, and unregulated (IUU) fishing, striving to get the European Commission (EC)'s “yellow card” warning to be removed soon.

Việt Nam’s banking sector liquidity crunch eases

Property-sector risks have made operating conditions more difficult for banks in Việt Nam in the short term, but the liquidity crunch is easing and the banking system is likely to avert a sharp slowdown due to the concerted response of policymakers and banks, says Fitch Ratings.

More support needed for mechanical industries

The industries have been struggling in recent years with a shortage of orders, increased costs and decreased demand, with many businesses forced to operate at minimal capacity, according to Đào Phan Long, chairman of the Vietnam Mechanical Enterprises Association (VMEA).

Bad debts running rampant in construction sector

Very few contractors have taken legal action against their defaulted investors. It took them around three to five years to have their cases heard but the plaintiffs got their money back in just 30 per cent of the cases.

NEWS FROM MEDIA-OUTREACH

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