Recovery, digitalisation and sustainability key ASEAN's focus

Recovery, digitalisation and sustainability are major economic cooperation objectives for the Association of Southeast Asian Nations (ASEAN) in a post-pandemic world, said Vietnamse deputy minister of industry and trade Trần Quốc Khánh during the 53rd ASEAN Economic Ministers' Meeting.

Businesses need to change for sustainable development

More than 85,000 enterprises suspended operations in the first eight months of this year, an increase of 24.2 per cent over the same period in 2020 due to the impact of the COVID-19 pandemic. Therefore, local enterprises need to have measures on maintaining operation and developing a sustainable business. Phan Đức Hiếu, deputy director of the Central Institute for Economic Management (CIEM), spoke to the Vietnam News Agency about this issue.

GDP to reach 3.5-4 per cent this year

The country’s GDP this year is expected to reach 3.5-4 per cent if the COVID-19 pandemic is well controlled in September and becomes to the new normal from the fourth quarter, said Minister of Planning and Investment Nguyễn Chí Dũng.

ASEAN economic ministers hold consultation meetings with partners

A Vietnamese delegation led by Minister of Industry and Trade Nguyễn Hồng Diên attended economic ministerial-level consultation meetings between ASEAN and its partners – the US, Hong Kong (China), India, the European Union and Russia – held via video conference in the framework of the 53rd ASEAN Economic Ministers’ Meeting on September 14.

Businesses wait for bank debts rescheduling

A week after the State Bank of Vietnam issued Circular 14 on debt rescheduling to alleviate the difficulties faced by businesses due to the COVID-19 pandemic, many individual and corporate borrowers said they are still waiting to hear from banks.

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