Việt Nam News

Việt Nam’s economy is recovering and businesses are in dire need of capital, especially “cheap” (low interest rate) capital to revive and develop their production and business activities post pandemic. Economist Vũ Đình Ánh talked to the Vietnam News Agency Television about the credit growth and the interest rate towards the end of this year.

Almost 93 per cent of German companies already operating in Việt Nam will continue to invest in the country and over 64 per cent of them expect their business to develop better in the next 12 months, a survey from AHK World Business Outlook–Spring 2022 has revealed.

Focusing on building key industrial products in Hà Nội with high added value, advanced technology and a friendly environment will help turn the city products into a prestigious brand.

The project costs US$3 million and is funded by Japan's non-refundable official development assistance (ODA). It will be implemented from 2022 to 2026, covering seven northern provinces of Hà Nội, Hà Nam, Hưng Yên, Hải Dương, Bắc Ninh, Nam Định and Sơn La.

The US Department of Commerce (DOC) has launched an anti-circumvention and anti-subsidy investigation into wooden cabinets imported from Việt Nam and Malaysia.

Online scams have been climbing steadily in recent years as more people are taken in by "easy money" tricks.

Total outstanding value of corporate bonds by the end of April 2022 reached VNĐ320.4 trillion (US$13.8 billion), accounting for a small proportion of the country’s total outstanding credit of 2.86 per cent, according to the State Bank of Việt Nam.

Many bank clients have bought insurance through their banks (bancassurance), but they have received no support from the institutions when problems arose.

Deposit interest rate in the second half of this year might be adjusted up some 0.3 to 0.5 percentage points, experts forecast.

Consumers are increasingly looking for natural and environment-friendly products and those with health benefits after the COVID-19 pandemic, according to the High Quality Vietnamese Product Business Association.