Regarding the credit structure, Nguyen Quoc Hung, director of the SBV’s Credit Department, said credit for agricultural production expanded 0.3% compared to end-2019; followed by that for exports (4.94% versus 10% in the first six-month period of 2019); technology sector(2.92%); supporting industries (2.27%); and small and medium enterprises (-0.7%). … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
High growth business ideas
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.
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
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
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