Hung added in the first month of the Covid-19 outbreak, nearly VND300 trillion (US$12.87 billion) in outstanding loans was affected by the pandemic, VND900 trillion (US$38.6 billion) in the next month and VND1-2,000 trillion (US$42.89 – 85.78 billion) in subsequent periods, causing a major impacts on banks’ operation. … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
Accelerated business growth
The main products it planned to focus on would be edible oil, ice cream and snacks in the mid- and high-priced categories, which offer high margins. … [Read more...] about KIDO Group has reported growth of nearly 48 per cent in net profit to VNĐ418 billion (US$18.2 million) for 2020.
The latest update released at the 2020 shareholders’ meeting showed the bank’s outstanding loans had reached VND291.4 trillion as of May 31, an increase of 9.88 percent compared with the beginning of the year. The central bank explained that because of Covid-19, demand is weak and people have tightened their purse strings. … [Read more...] about Credit grows slowly, but banks still make profits
Although foreign direct investment pledges in Vietnam has dropped by 25 percent last year to $28.5 billion due to travel restrictions and dampened investor sentiment, foreign companies still poured $6.4 billion into existing FDI projects, up 10.6 percent year-on-year. … [Read more...] about Vietnam to grow at 7.8 pct in 2021: Standard Chartered
The economic structure of industries has changed positively, the proportion of processing, manufacturing and application of high-tech industries has increased. Many production models applying high technology have been established, like high-tech agriculture, clean and organic agriculture. The quality of a wide range of products has come to meet safety requirements according to international standards. Environmental issues have been solved on the basis of science and international law. Quality of growth is improving day by day. The industry's global competitiveness increased from 58 in 2009 to 42 in 2019. Việt Nam's global business environment ranking position has improved significantly. … [Read more...] about Science and technology one of the country’s major policies: official