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The revision follows the blows taken by Vietnam’s economy from the pandemic, with a decade-low growth of 3.8 percent in the first quarter, and the State Bank of Vietnam having to cut its policy rates and directing banks to extend debt relief to affected borrowers. … [Read more...] about Fitch Ratings lowers outlook on five Vietnam banks

The Southeast Asian country has already increased imports of breeding sows and frozen pork by 300 percent year-on-year in the first four months, Tien said in a report at the beginning of this month, in a bid to cool prices of the staple food for its population of more than 96 million.  … [Read more...] about Vietnam allows import of live pigs for slaughter for first time

In their Vietnam videos, the eaters from the southwestern Pacific Ocean were not shy to showcase their excitement watching a lady putting together their bowls of bun thit nuong from pork being grilled on a small charcoal oven right next to a crowded street, or having a glass of ca phe sua da next to an auto garage on a Saigon sidewalk. … [Read more...] about Pig brain in crab soup: Kiwi couple recalls ‘spectacular’ food memory in Vietnam

On account of the registration fee cut, however, many dealers say that the Honda CR-V will lose many of its advantages and even have to join a price war with domestically assembled vehicles. CR-V vehicles are now priced between VND983 million ($42,700) and VND1.1 billion ($47,500), and customers in Hanoi have to pay VND118-131 million ($5,100-5,700) registration fee, while customers only need to pay about VND60 million ($2,600) for a locally built rival Mazda CX-5 or a Hyundai, as registration fees have been cut by 50 per cent for domestically-produced cars. This shows that the future of Honda CR-V in Vietnam is uncertain as price is still a determining factor in sales in the market. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

When Prime Minister Nguyen Xuan Phuc approved a VND62 trillion ($2.6 billion) financial support package for poor people and small businesses affected by the pandemic in early April, the department called on HCMC authorities to enlist street vendors and the like to receive VND1 million a month for three months. … [Read more...] about Procedural hurdles prevent Covid-19 jobless from benefiting from HCMC support package