European markets

Some banks are collecting treasury stocks to reduce the number of shares in circulation and reduce foreign ownership ratios. This is seen as preparation to receive ‘big fish’ who are ready to spend big money to acquire Vietnam’s bank shares. … [Read more...] about Big players enter Vietnamese stock market

At the meeting, the leaders of the departments, industries, and enterprises of Lam Dong Province affirmed that the preparation of goods for the Tet market, in general, and the HCMC market this year is on schedule. Tet goods are plentiful and diverse. They will prevent a shortage of supply, which causes sudden increases in the selling prices. Mr. Bui The, Deputy Director of the Department of Industry and Trade of Lam Dong Province, said that to serve the Tet market, the specialized vegetable growing areas of the province, including Da Lat City, Don Duong, Duc Trong, Lac Duong, and a part of Lam Ha district, had cultivated more than 24,000 hectares of vegetables of all kinds, with an output of around 780,000 tons, up 5 percent over the same period last year. Of which, many kinds of vegetables, such as napa cabbage, onion, potato, lettuce, tomato, cabbage, turnip, and scallion, increased sharply in both growing area and output, from 5 percent to 19 percent, depending on the product. More … [Read more...] about HCMC, Lam Dong cooperate to prepare supply of vegetables, flowers for Tet market

The final destination in the 48-hour journey is Lang Chai Xua (Old Fishing Village) Museum, covering ​​1,600 square meters and including 14 themed sections. The interactive space recreates Mui Ne Fishing Village, boasting a history of 300 years in making traditional fish sauce, considered the soul of Vietnamese cuisine. … [Read more...] about 48 hours in fabulous Phan Thiet

According to DW, the Southeast Asian country will hold the 13th National Party Congress from January 25 to February 2 to select new leaders of the Communist Party of Vietnam and outline policies for the next five years, of which COVID-19, trade and climate change will be in top priorities. Regarding the country’s challenges, Carl Thayer, a political scientist emeritus at the Australian University of New South Wales, said Vietnam’s energy security is the most pressing problem for the next five years. Besides, the country needs to resolve numerous longstanding tariff and trade issues with the US - the largest export market of Vietnam. He also expressed his optimism that Vietnam will reach agreement with the US on many issues, and the country is likely to resume double-digit economic growth within the next five years, particularly if it makes clever use of the signed new-generation free trade pacts. Meanwhile, Nguyen Phuong Linh, deputy director of the consulting firm … [Read more...] about German media commends Vietnam’s COVID-19 prevention, economic development

The SBV’s statistics showed that by June 2020, the bad debt ratio of the CI system was below 2 percent so the ratio of the whole year may reach the target of below 3 percent set in Decision 1058. From 2012 to the end of March 2020, the entire CI system handled more than 1,000 trillion VND (43.48 billion USD) of bad debts. … [Read more...] about Vietnam’s credit institutions must speed up restructuring to meet deadline