Keeping NPLs ratio below 3 per cent a challenge: experts The COVID-19 pandemic is weighing on the banking system’s non-performing loans (NPLs), requiring significant effort to keep NPLs ratio below three per cent by the end of this year as targeted by the Government.

Positive economic signs in August despite pandemic: PM Việt Nam’s economy in August saw positive moves despite the tremendously negative impacts of the COVID-19 pandemic on the country’s socio-economic development and people’s daily life, Prime Minister Nguyễn Xuân Phúc said on Friday.

Industrial clusters – a key for effective FDI strategy

Now, as the world may be seeing a relocation trend as a result of adverse impacts on global supply chain during the COVID-19 pandemic as well as rising pressure from the US-China tension, Việt Nam is having a big chance to attract this “relocated” foreign capital.

MoLISA proposes second support package for people affected by COVID-19 pandemic The Ministry of Labour, War Valids and Social Affairs (MoLISA) has proposed a VNĐ18.6 trillion package to those affected by the COVID-19 pandemic, helping them promote production and maintain employment.

PM Phúc welcomes international investors at business forum Việt Nam always welcome international entrepreneurs and investors as the business investment environment in the country has been increasingly favourable and open.

Experts call on Government to aid businesses again As the new wave of the virus has made economic recovery and development more difficult, experts and the business community have asked the Government for more help.

More than 50 years of remarkable transition of ASEAN

On August 8, the Association of Southeast Asian Nations (ASEAN) will celebrate the 53rd anniversary of its establishment. Along this remarkable growth journey, ASEAN has undergone significant transitions.

Economic restoration needs 'wartime' policy effort

The Government’s new growth target of 4 per cent this year, though ambitious, could still be achieved if policy implementation is organised well.

Banks offer relief to 230,700 pandemic-hit borrowers in HCM City Banks in HCM City had slashed interest rates, extended debt repayment deadlines, and maintained debt classifications for businesses hurt by the COVID-19 on the total loans worth more than VNĐ384.6 trillion (US$16.53 billion) as of June 29.

Can Việt Nam take advantage of new foreign investment strategies?

COVID-19 has been deemed a catalyst for investors to take the 'China plus one' strategy into more significant consideration and the trend of shifting manufacturing bases to Việt Nam has recently picked up pace.