VIETNAM’S TEXTILE EXPORTS TO THE US HIT 10-YEAR HIGH
Vietnam’s textile and garment exports to the United States in the first quarter of the year reached nearly US$4.36 billion, up 24..% year-on-year, the highest ever since 2012, according to data from the General Department of Vietnam Customs.
SUPPORTIVE SOLUTIONS NEEDED FOR ENTERPRISES
According to the Việt Nam Association of Supporting Industries (VASI), to improve the capacity of Vietnamese enterprises, it is necessary to have supportive policies to reduce costs, easy access to credit and preferential interest rates for businesses in investment activities and production. There are also solutions for training and improvement of management.
VIETNAM TENDERS DAILY- MAY 24, 2022
1. Conveyor weighing equipment supply
2. Regular reinforcement device supply
3. Procuring agency: Vietsovpetro
4. Electrostatic painting powder supply
5. Equipment and tools supply
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INTELLASIA FINANCE & BUSINESS NEWS - MAY 24, 2022
1. Remittances to maintain upward momentum
2. Growth target of 6.5pct remains big challenge: deputy PM
3. Challenging situation need strong decisions
4. VN determinedly stops slow public investment projects
5. Excise tax payments extended for local auto firms
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INTELLASIA FINANCE & BUSINESS NEWS - MAY 23, 2022
1. Enterprises, cooperatives, business households enjoy supported interest rate
2. Banks under pressure despite positive credit recovery
3. Major shareholders task insurers to set high targets
4. Economic growth in 2022 forecasted to be from 5.2 to 6.2pct
5. HCM City growth remains an X factor: foreign investors
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VIETNAM TENDERS DAILY- MAY 23, 2022
1. Supplying of Equipments and Spare Part
2. Equipment and spare parts supply
3. Freight rollers and conveyor belt shields supply
4. Gasoline engine water pumps supply
5. Equipment and machinery supply
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BANKS UNDER PRESSURE DESPITE POSITIVE CREDIT RECOVERY
According to Lê Xuân Nghĩa, former deputy chairman of the National Financial Supervisory Commission, the US Federal Reserve (Fed) will continually increase interest rates this year, which will force Vietnamese banks to raise deposit rates.
LARGE INDUSTRIAL ZONES SET UP TO ATTRACT FDI
Several large-scale industrial zones were being set up from the beginning of this year to capture the opportunity of attracting both foreign and domestic manufacturers in the wave of post-pandemic production and business recovery.
