Enterprise monthly rates

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

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

Nguyen Van An, deputy director of Danang City’s Department of Labor, Invalids and Social Affairs, said many local employers had failed to pay the salaries of their staff after the Covid-19 pandemic, but shunned the aid due to the low credit limit and time consuming procedures. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers

The municipal People’s Committee assigned the Department of Industry and Trade and the Saigon Times Group to launch the award. The award attracted 64 enterprises in different industries within one month after launch. It will be held annually. The 30 enterprises are leading companies or at the top of their business and production industries. Their total revenue in 2019 reached nearly 252.8 trillion (11 billion USD), or 21.8 percent of the city’s total revenue of retail sales of consumer goods and services. Their total after-tax profit reached almost 32.7 trillion VND. According to the evaluation of the Voting Council, most of the products and service brands of the winning enterprises have undergone a long process of establishment and development. They have had a firm position in the marketplace and a good reputation in customers’ minds and made active contributions to the city’s economic development. Bui Ta Hoang … [Read more...] about Thirty businesses win HCM City Golden Brand Award

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