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
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Indian firms on lookout for long-term investments in Vietnam
Vietnam and India established their strategic partnership in 2007. In 2019, Vietnam spent more than US$4.5 billion on imports from India, surging over 65% from the figure in 2016. In addition, Vietnam’s export revenue from the Indian market tripled during the period from US$2.6 billion to nearly US$6.7 billion. … [Read more...] about Indian firms on lookout for long-term investments in Vietnam
VN central bank’s VND16 trillion aid receives lackluster response from employers
The central bank then issued Circular 05 to speed up the disbursement of the financial aid, which took effect on May 7. However, no enterprises have taken out loans from the program, as they cannot provide the necessary papers to prove their situation and financial needs. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers
More than 200 media outlets to cover 13th National Party Congress at the scene
Over 500 reporters and technicians from more than 200 domestic and foreign media outlets will cover the 13th National Party Congress at the scene. (Photo: VNA) A press centre is set up, providing the best conditions possible for the media coverage of the congress. (Photo: VNA) … [Read more...] about More than 200 media outlets to cover 13th National Party Congress at the scene