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HD SAISON has unveiled a preferential loan package of VND10 trillion (US$429.78 million) for workers at industrial parks across the country with the stated goal of protecting them from loan sharks. — Photo courtesy of the company HD SAISON, a subsidiary of HDBank, has earmarked a loan package of VND10 trillion (US$429.78 million) at half the market interest rate for workers at industrial parks across the country. Through this, it hopes to help the government stabilise the economy and ensure social security, and protect workers from loan sharks. Workers expressed happiness on hearing about the package. HD SAISON will lend from this package until the end of 2023 at an interest rate of 20 per cent a year compared to the normal rate of 40-50 per cent. Borrowers can roll over their loans for several years. For the sake of workers An HD SAISON spokesperson said the company was honoured to be chosen by the Government and the State Bank of Vietnam as one of two consumer finance … [Read more...] about Why do workers opt for HD SAISON’s loan package?

The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures

Inflation in Singapore expected to peak in Q4. (Photo: AFP/VNA) Singapore (VNA) - Inflation in Singapore is expected to peak in the next two to four months and will start to ease thereafter, Deputy Prime Minister and Finance Minister Lawrence Wong has said. In an interview granted to Bloomberg, Wong said inflation rates here may very well settle at a higher rate given the geopolitical environment, supply chain issues and how economies are transitioning towards becoming more sustainable. He added that the extent of this easing towards the year end and where the new inflation rates will stabilise at are big uncertainties. Wong noted that they are not likely to return to the rates Singapore had been used to over the last decade or so, as zero to 1% inflation was a historical anomaly and never used to be so low. The Monetary Authority of Singapore (MAS) has already tightened monetary policy four times in the last nine months to dampen inflation, Wong said, adding … [Read more...] about Inflation in Singapore expected to peak in Q4: official

Dry port in Udon Thani (Source: Bangkokpost) Bangkok (VNA) - The Industrial Estate Authority of Thailand (IEAT) has said that it is planning to develop a dry port in Udon Thani, with the aim of developing the northeast province into a centre for regional land transport, linked with the Chinese-Lao high-speed train system. According to the IEAT’s leader Veeris Ammarapala, the new inland transport facility will support trade among provinces in the northeast and the Thai economy. This port will also improve the efficiency of Thai logistics and land transport via roads and railways, he said. The IEAT is also confident the dry port in Udon Thani has the potential to serve ASEAN as a new transport hub in the future because Thailand is located in mainland Southeast Asia, surrounded by Myanmar, Laos, and Cambodia, with southern China nearby. The IEAT said the new dry port can be linked with Laemchabang deep-sea port in Chon Buri and Map Ta Phut deep-sea port in … [Read more...] about Thailand eyes to own regional land transport centre

The Government leader and others visited an exhibition of scientific and technological models and products by the VNUA’s businesses and partners. In his remarks, PM Chinh affirmed that agriculture is an advantage of Vietnam, and agricultural development is one of the essential tasks in the country’s socio-economic development strategy. Agriculture has always been a pillar of the economy helping stabilize people’s life, even amid the COVID-19 pandemic’s impacts on every social aspect for more than two years. Vietnam is one of the leading exporters of agro-forestry-fishery products in the world, with export value exceeding USD 48 billion in 2021, he noted. He highlighted the Party and State’s attention to developing high-quality human resources for agriculture, as well as startup and innovation. To a country that takes agriculture as its foundation, agricultural entrepreneurship must be based on three pillars: training to improve startup capabilities, creating a startup … [Read more...] about PM emphasizes training of high-quality human resources for agriculture