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Nguyen Trong Hieu, deputy head of the Institute of Business Studies and Development, said though the fund could not lend to more than 5 percent of the total number of SMEs in the country, it is still a major step in supporting startups, which are struggling to access bank credit. … [Read more...] about Banks out of loop, government fund to lend directly to startups

State-owned banks recorded mixed results. Of Vietnam’s three biggest lenders by assets, CTG of VietinBank added 0.9 percent, BID of BIDV kept its opening price and VCB of Vietcombank shed 0.7 percent. MBB of mid-sized Military Bank climbed 1.3 percent. … [Read more...] about VN-Index sees biggest foreign net sell in eight months

On December 13, 2018, the Prime Minister issued Decision 1740/QD-TTg approving the target program. Seventeen communes, with 9,890 villages and 1.05 million households expected to benefit. Specifically, until 2020, the program hoped to supply stable power services to households in the areas from the national power grid, new and renewable power resources with a target of giving power access to almost all rural households. … [Read more...] about Over 870.000 households to access electricity in 2021-2025

HCM City (VNA) - The recently-signed Regional Comprehensive Economic Partnership (RCEP) agreement will create opportunities for Vietnam’s agricultural products to extend their reach in the region and the world, experts have said. Le Duy Minh, President of the Vietnam Farms and Agricultural Enterprises Association, told a meeting in Ho Chi Minh City on January 15 that the agriculture sector has been integrating intensively and extensively into the world but also faces considerable difficulties and challenges, including the impact of the COVID-19 pandemic, climate change, trade disputes between major economies, and an increase in technical barriers in many countries. Vietnam signed a number of important economic deals in 2020, heralding a new era of economic integration with opportunities to expand export markets and attract more domestic and foreign investment. Among the deals, the RCEP, which gathers together 10 ASEAN countries and five partners (the Republic of Korea, China, … [Read more...] about RCEP to help farm produce expand presence in global markets

The Kerry IMS Chemical Cangzhou logistics centre was developed to strengthen Kerry Logistics Network's service capability in the chemical sector and an important base in Northern China, consolidating the Company's combined resources in logistics, export industries, an international-standard operating platform and transportation facilities. Located in the proximity of the Tianjin Nangang Industrial Zone, the logistics centre has a total area of 320,000 sq ft, comprising Class A warehouse, Class B warehouse, as well as office facilities, and has the capacity to handle 400,000 tonnes of Class A and Class B chemicals per year. The logistics centre was designed and built above Chinese national standards and is equipped with smart monitoring and management systems. At present, it is handling mainly industrial raw materials, mostly packaged in Intermediate Bulk Container (IBC), drum and pail. The warehouse will store 38 types of dangerous goods, including flammable liquids and solids, … [Read more...] about Kerry Logistics Network Opens Chemical Logistics Centre in Cangzhou China To Capture Market Potential in Chemical Logistics