The pace of recovery in Indonesia is expected to be slow and household income will be squeezed. GDP is expected to contract 2.7 percent in 2020 before a 6.2 percent expansion in 2021. The Philippines is set to record the largest contraction in Southeast Asia, with its GDP falling 8.2 percent in 2020, because of its dependence on international tourism and a slow exit from lockdown. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 11
High return low risk investments
Corporate bond activity welcome as market shocks persist unabated
“Bond issuance, one of the major sources of capital for businesses, is in accordance with the law. Bank loans cannot be the only permanent source for financing, especially for long-term capital,” said Truong Thanh Duc, chairman of law firm BASICO. … [Read more...] about Corporate bond activity welcome as market shocks persist unabated
VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 12
The contents of the investigation include identifying information of the enterprises (name, address, telephone, fax, email, tax code, type of economy, main business line); the situation of production and business activities of enterprises; solutions of businesses to respond to the effects of COVID-19; evaluate the effectiveness of Government solutions to support businesses; and information on the competitiveness of businesses. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 12
Despite lower interest rates, people still put money in banks
Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) announced it would lower deposit rates from 0.3 to 0.6 percentage points per year for short-term deposit from two weeks earlier. Currently, the interest for a one-month term deposited at Techcombank is 2.7 per cent per year. … [Read more...] about Despite lower interest rates, people still put money in banks
VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 10
Furthermore, Adani's renewable energy projects exceeded the total installed capacity of the US solar industry in 2019, whilst they will help reduce over 1.4 billion tonnes of CO2 emissions during the course of the average individual’s lifetime. Indeed, Adani is one of the most integrated solar power manufacturing enterprises globally, with operations in photovoltaic modules and cells manufacturing, along with project development, construction, financial structures, and ownership of assets based on a strong internal asset management foundation. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 10
