In the first four months of 2020, domestic transactions via bank cards rose 26.2% in the number of transactions and 15.7% in value year-on-year; internet transactions rose 3.2% in number of payments and 45.7% in value while mobile payment surged 189% in number of transactions and 166.1% in value. … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
Growth quote business
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.
At a meeting with commercial banks in late April, Governor of the State Bank of Vietnam (SBV) Le Minh Hung reported that as of March 31, credit provided to the national economy had increased by 1.3 percent compared with the beginning of the year, the lowest Q1 credit growth rate in the last six years. … [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 development of our country in the next five years will embrace the profound effects of the fourth Industrial Revolution, a thriving digital economy, and global competition right in Việt Nam. Natural resources are increasingly becoming more limited, the ecological environment is at risk of pollution, intellectual property disputes are becoming harsher, and innovation is the foundation for competition on each product. Demand for personal consumption and demand for better living conditions have increased. … [Read more...] about Science and technology one of the country’s major policies: official