Credit growth of credit institutions was quite positive at 5.04 per cent at the end of the first quarter of this year, much higher than the 2.16 per cent rise in the same period last year, SBV Deputy Governor Đào Minh Tú said at the Government’s regular press conference in March.
Trần Kim Thu, who owns a clothes stall in Bến Thành Market in HCM City, says: “The maximum sales per day now are only around VNĐ2 million (US$87). It must be at least VNĐ6 million (US$262) to break even.”
Business associations have proposed that the Prime Minister ask HCM City to stop the collection of infrastructure fees at seaports.
The Ministry of Industry and Trade (MoIT) has put forth a proposal to start auctioning solar and wind energy projects that did not complete the technical test phase prior to October 31, 2021.
The Vietnam Sugar and Sugarcane Association (VSSA) has reported that the volume of sugar exported to Việt Nam from Laos has increased sixty-fold since the country imposed an anti-dumping tax on Thai sugar last year.
The Association of Natural Rubber Producing Countries (ANRPC) has been developing the Sustainable Price Mechanism (SPM) to ensure the sustainability of natural rubber supply chains.
Apparel industry sees stable growth amid COVID-19 pandemic
Việt Nam aims to raise its sovereign ratings by 2030, according to the Sovereign Rating Improvement Project recently approved by eputy Minister Lê Minh Khái.
Google searches for “cryptocurrency” increased sharply in recent years as Vietnamese paid more attention to seeking investment channels, especially during the pandemic with social distancing measures in place, which forced people to stay home.
The Ministry of Finance (MoF) will support businesses when implementing the socio-economic recovery and development programme, Finance Minister Hồ Đức Phớc said.
VPS Securities remained the top brokerage in the first quarter with a 17.9 per cent market share, according to data released by the HCM Stock Exchange.
The slowdown in China's economic growth due to COVID-19, the US Federal Reserve's policy stance and the business plans of listed enterprises are the main factors driving the Vietnamese stock market in April, said SGI Capital.
The State Bank of Vietnam (SBV) has been developing a sandbox for fintech banking and gathering feedback on a draft regulating the sector.
The Vietnam General Confederation of Labour has proposed a 7 per cent increase in minimum wages from July 1, but many insiders gave thumbs down to the proposal.
The Authority of Information Security, Ministry of Information and Communications reported that there were more than 3,000 cyber attacks on systems in Việt Nam in the first three months of the year.
Việt Nam has been picked by analysts from leading Wall Street banks as one of the three hottest markets in the Southeast Asian region, according to the US’s TV channel CNBC.
Vietnamese shares extended losses on Friday as large-cap stocks in a series of industries suffered selling pressure, especially banking, securities and steel.
US Ambassador to Việt Nam Marc Evans Knapper visited a factory of Việt Nam’s largest dairy producer Vinamilk in Cần Thơ on Friday during his trip to the Mekong Delta city.