The cuts came amid bank credit growth in the first quarter of only 1.1 per cent compared to 2.28 per cent in the same period last year as many businesses scaled down or stopped operations, experts said. … [Read more...] about VN ready to be world’s factory, bus is the world?
Number 8 bus route
According to Vietjet, passengers on this special flight were Vietnamese citizens with difficulties and wishing to return, including children, elderly, people with illness and underlying medical conditions, pregnant women, monks and religious group required to go home after the closure of meditation centres, stranded tourists, workers whose working visas or contracts expired and students. … [Read more...] about Vietjet brings stranded citizens home from Myanmar
The reduction has a more positive impact on the banking system and might affect the economy more strongly than the first rate cut in March. Accordingly, a series of input interest rates offered by banks, especially the short-term deposit interest rates, which are lower than in previous periods, will help banks reduce deposit costs significantly and support businesses to extend their debt and restructure loans. … [Read more...] about BUSINESS NEWS HEADLINES MAY 24
According to the national railway development strategy, the industry is estimated to require VND110 trillion ($4.78 billion) by 2030 to revamp the existing network. With the limited state budget, calling for private investment is a priority. VNR is betting on its new restructuring plan which is set to be approved by the government in the near future, in which it plans to dump its monopoly in cargo transport by divesting stake in cargo transport. Moreover, it also hopes that the master plan on management, use, and operation of national railway infrastructure in line with 2018’s Decree No. 46/2018/ND-CP dated March 14, 2018 on management, use and operation of national railway infrastructure will be soon approved. This would enable the group to take the initiative with its investment plans and to be looked upon more favourably when calling for private investment in upgrading stations and logistics facilities, as well as developing stations that enjoy commercial advantages. … [Read more...] about BUSINESS NEWS HEADLINES MAY 25
Bui Danh Lien, vice president of the Hanoi Transport Association, said the campaign's aim to reduce road violations and traffic accidents is needed. However, in the context of the Covid-19 pandemic inflicting great economic damage, authorities need to study appropriate inspection methods to minimize disruptions to business activities, production and normal travel, he added. … [Read more...] about Traffic crackdown nets 5,200 drunk drivers in one week