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According to a draft report on the impact of the shared economy that MPI sent to ministries and ministerial-level agencies, P2P lending first appeared in Viet Nam in 2016 in the form of fintech companies, aiming towards unbanked customers. However, this has become a channel for so-called black credit. … [Read more...] about P2P lending needs better management to avoid black credit

At the moment, we still focus more on small and mid-sized companies but are short of enterprises that can become tier-1 and tier-2 suppliers for foreign investors. So in the near future, we have to support those kinds of enterprises to develop, since large firms, such as Vingroup Joint Stock Company (VIC), are not likely to become partners with foreign investors but maybe to become their rivals. … [Read more...] about Viet Nam’s economic growth can even surpass expectations in 2021: expert

Việt Nam’s diplomacy is a comprehensive diplomacy that not all countries in the world have. We have Party’s external relations, State diplomacy and people-to-people diplomacy. Therefore, promoting the Party’s relations means effectively implementing these three aspects to uphold the country’s strength in the diplomatic field, fulfilling the key goals of maintaining a peaceful and stable environment for development and keeping national sovereignty and territory as well as maintaining a friendly situation for future development. … [Read more...] about Party’s external relations help to fulfil Party Congress targets

Motorcycle riders are seen on a road in HCMC. The HCMC government is set to spend VND553 billion to control emissions from motorcycles in the next 10 years to reduce environmental pollution – PHOTO: VNA HCMC – The HCMC government will spend VND553 billion to control emissions from motorcycles in the next 10 years to reduce environmental pollution if the Government gives it the green light, it was announced at a review conference on January 27. … [Read more...] about HCMC set to spend VND553 billion on motorbike emission control

Thu Thiem is one of the projects waiting for foreign investment in the 2021-2025 period. Photo: Le Toan According to the latest report from Ho Chi Minh City People’s Committee sent to the Ministry of Planning and Investment last week, in a list of 11 infrastructure and urban development projects supposed to call on foreign investment between 2015 and 2020, only one project was successful. … [Read more...] about Funding dip suffered by Ho Chi Minh City