Business News

Viet Nam’s GDP growth is expected to grow by 6.3 percent in 2023, the World Bank (WB) said in its taking stock report themed “Harnessing the potential of the service sector for growth” released on March 13.

1. Four state-owned banks cut deposit rates
2. Tech advancement to boost bank prospects
3. The race for profit between FE Credit, HD Saison and MCredit
4. Tech groups acknowledge empowerment
5. Green logistics key to green transition process
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At the meeting between City Leaders and the Leaders of Foreign Business Associations on 22 February 2023, the Department of Labor - Invalids and Social Affairs acknowledged the contributing opinions in connection with the issuance of work permits to foreigners working in Vietnam.

1. Two more banks strongly lower savings interest rates
2. FDI inflows in Binh Duong skyrocket four times
3. Hanoi tightens management of public assets
4. M&A potential could revive choppy property market
5. Long-standing gains continue with Japan
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1. Crude oil treatment chemical supply
2. Rubber deodorant bio-products supply
3. Casting mould technology equipment supply
4. Overheat pipes, elbows supply
5. Laser centering machine supply
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Speaking at a forum last Friday, Nguyễn Quốc Hiệp, chairman of the Việt Nam Association of Construction Contractors, said the market would continue facing prolonged hurdles such as a lack of access to capital, credit tightening, legal bottlenecks and delays in bond payments.

A new government resolution has tasked the State Bank of Vietnam (SBV) with overseeing the execution of a $5 billion lending scheme and coordinating with commercial banks to ease the burdens in the property sector and promote development.

As growing risks in the global market are posing challenges for Vietnam to maintain its growth prospects at a high level and realise its big export target this year, the government has requested new measures to bring the situation under control.