CREDIT INSTITUTIONS URGED TO CUT LENDING RATES BY 1-2%
The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth. The central bank called on credit institutions to channel capital into traditional growth drivers, emerging industries, green transformation, circular economy, and social housing.
VIET NAM TO ENTER TOP 20 FASTEST GROWING ECONOMIES GLOBALLY IN 2024
The development prospects of the Vietnamese economy in 2024 are very positive and driven by substantial foreign investment, especially in high-tech industries, according to Savills Viet Nam's report on investment in the Asia-Pacific region in the first quarter of 2024.
CREDIT GROWTH QUOTA POLICY NEEDS TO ENSURE SAFETY OF BANKING SYSTEM
The State Bank of Vietnam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concerns about rising bad debts, the security of the banking system and macroeconomic instability.
VIET NAM LEADS THE REGION IN ATTRACTING LONG-TERM INVESTMENT INTO INNOVATIVE START-UPS
The wave of innovative start-ups in Việt Nam has developed at “dizzying” speeds, attracting the attention of many domestic and foreign investors, a seminar, entitled 'Investment Policies for Start-ups' in Hà Nội, heard Monday.
ABALONE RICE DUMPLING - DRAGON BOAT FESTIVAL
As Dragon Boat Festival approaches, households are starting to cook pyramid cakes to enjoy with their families on the 5th day of the 5th lunar month. If you're busy to wrap the cakes yourself, don't worry, A Ma has already done it for you. Just drop by to grab 1 or enjoy them right on the spot!
INFOGRAPHIC SOCIAL-ECONOMIC SITUATION IN THE MAY AND FIVE MONTHS OF 2024
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
FIVE-MONTH PUBLIC INVESTMENT DISBURSEMENT REACHES NEARLY 27 PER CENT OF TARGET
The disbursement of public investment from the State budget in the first five months of this year was estimated to reach VNĐ190.6 trillion (US$7.44 billion), equal to 26.6 per cent of the yearly target and 5 per cent higher than the same period last year, according to the General Statistics Office (GSO).
STATE CAPITAL DIVESTMENT GAINS MOMENTUM IN VN WITH HIGH-PROFILE DEALS IN FOCUS
The State Capital Investment and Trading Corporation (SCIC) recently unveiled its second-phase divestment list for 2024, which includes prominent businesses like FPT Corporation, Becamex IDC and Tiền Phong Plastic. The announcement generated excitement in the market.
