Trade tensions between the US and China are reverberating across the world, including the manufacturing industry in Hong Kong. After years of setting up camp in China, factory owners are now shifting their production lines to Southeast Asia, particularly Vietnam, to protect themselves from rising tariffs.
The State Bank of Viet Nam issued Circular No. 52/2018/TT-NHNN on rating credit institutions and foreign bank branches from 2019 onward.Credit institutions and foreign bank branches are divided into six groups including (1) large-scale commercial banks with a quarterly average asset value exceeding VND100 trillion; (2) small sized commercial banks with a quarterly average asset value equal to or lower than VND100 trillion.
With an 11-year high economic growth rate last year and a significant improvement in growth quality, the economy is expected to ascend higher this year. However, what key drivers will it use to achieve this ambitious target?
This 14 February, Vietnam House Restaurant, helmed by internationally-celebrated Chef Luke Nguyen, will offer the special Valentine’s Day dinner including a complementary “Endless Love” welcome cocktail.
Statistical data below provides you information in groups of society as business, industry, agriculture and government. It will be updated monthly.
1. Vietnamese workers abroad remit home $3 billion last year
2. Vietnam needs a better government bond market
3. Vietnam's Agribank assigned first-time Ba3 ratings
4. An internet economy: a golden treasure trove?
5. Fruit, vegetable sector targets 4.2 billion USD in export turnover
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Last month, property developer Vingroup unveiled plans to sell 20 million non-convertible bonds at VND100,000 (US$4.39) each in two phases without any covered warrants or guaranteed assets.
Industrial zones in the Mekong Delta city of Can Tho attracted a total registered investment capital of US$112 million last year, 12 per cent higher than the annual target, according to the municipal Industrial Zones and Processing Zones Management Board.