Việt Nam News

Despite a credit slowdown in the first half of 2020, some private commercial banks have still asked the State Bank of Việt Nam (SBV) for a credit growth expansion to prepare for a peak lending season expected at the end of the year.

On the basis of results achieved in the process of building an e-Government, Việt Nam is preparing to move to a digital Government according to the policy set out in Resolution 52- NQ/TW of the Politburo.

As private investment can play a significant role in increasing local power supply, experts have worked to find better mechanisms and policies to solve problems that have discouraged investment in the sector.

Construction on the Châu Giang Industrial Cluster, worth VNĐ475 billion (US$21 million), kicked off on Friday in the northern province of Hà Nam. 

Ministers and leaders of people’s committees of cities and provinces nationwide are required to remove difficulties and promote the disbursement of public investment as well as production, business and consumption.

Banks, securities firms, technology companies and consumer businesses stood out among best-performing sectors on Friday.

Vissan JSC has launched its online store chain on Loship app’s Lomart services.

Regional and financial co-operation are crucial to strengthen the coordination and respond to the impacts of the COVID-19 pandemic and support a sustained economic recovery, participants agreed at a meeting held Friday in Hà Nội.

VPBank and Proparco - the private sector financing branch of Agence Française de Développement (AFD) have signed a US$50 million loan with the aim of supporting climate-friendly initiatives, green and energy efficient projects, as well as small-and-medium enterprises (SMEs) in the country.

An online Việt Nam-Singapore investment promotion conference was held on September 17 with the participation of 500 enterprises from over 80 Singaporean business associations and chambers of commerce around the world.

The Bank for Development and Investment of Việt Nam (BIDV) and the KBIZ Việt Nam Federation of Korea SMES (KBIZ-VN) signed a comprehensive co-operation agreement on Thursday in Ha Noi.

Tariffs being cut to zero under the ASEAN Trade in Goods Agreement (ATIGA) from January 1 this year and the COVID-19 pandemic have made for a tough year for the sugar industry, heard an online seminar held by Nhân Dân (People) e-newspaper on Wednesday.

Many Chinese funds are pouring capital into the Vietnamese stock market because of low valuations and further loosening of foreign ownership in the near future.

Vietnamese shares gave up on a four-day rally on Thursday as large-cap companies were hit by profit taking while regional markets declined on Fed meeting.

Firms should pay attention to developing new business models, products and technologies to cope with climate change and turn its negative impact into impetus, a recent report of the Việt Nam Chamber of Commerce and Industry (VCCI) highlighted.

The State Bank of Việt Nam (SBV) should develop policies for commercial banks, helping them disburse capital mobilised from organisations and people, said economic expert Nguyễn Minh Phong.

Many supporting industry firms have managed to identify business opportunities at the Sourcing Fair for Supporting Industry held in HCM City on September 17, a HCM City industry and trade official has said.

Saigon Thuong Tin Commercial Join Stock Bank (SACOMBANK), Việt Nam’s fifth largest private bank in terms of total assets, announced on September 17 it had signed an agreement with HR Path, a leading global human resources services provider, for implementing SAP SuccessFactors solutions.