Risk can be diversified away

- Prime Minister Nguyen Xuan Phuc stated last week that the government would provide some VND300 trillion ($13 billion) as a relief measure in financing for businesses hit hard by the COVID-19 pandemic, while ensuring sufficient capital to prop up the economy. PM Phuc reaffirmed that the Vietnamese government would put best effort to contain the virus and create preferential conditions for enterprises being alive. Previously, State Bank of Vietnam’s Deputy Governor Dao Minh Tu asked 20 banks to offer a minimum of 2-per-cent lending rate reduction to cushion cash-strapped businesses. … [Read more...] about Consumers risk higher defaults amid lending sector fluctuation

On account of the registration fee cut, however, many dealers say that the Honda CR-V will lose many of its advantages and even have to join a price war with domestically assembled vehicles. CR-V vehicles are now priced between VND983 million ($42,700) and VND1.1 billion ($47,500), and customers in Hanoi have to pay VND118-131 million ($5,100-5,700) registration fee, while customers only need to pay about VND60 million ($2,600) for a locally built rival Mazda CX-5 or a Hyundai, as registration fees have been cut by 50 per cent for domestically-produced cars. This shows that the future of Honda CR-V in Vietnam is uncertain as price is still a determining factor in sales in the market. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

Also in 2019, the Deutsche Investitions - Und Entwicklungsgesellscheft Mbh (DEG) – the Investment Fund of the German reconstruction bank KFW, specialised in sponsoring and consulting private businesses with social projects, also sponsored $20 million to develop Azerai Can Tho Resort (Can Tho province) – a pioneer resort in a tourism and entertainment complex named NovaWorld Mekong. … [Read more...] about Novaland continues receiving capital from international institutions

"No one knows when matches will move away from the behind-closed-doors model and it is right to have contingency plans in place, but there is optimism at the Premier League and at clubs that we will see fans back in the stadiums next season and it may happen on a phased basis," Masters told Sky Sports News. … [Read more...] about Fans could return for 2020-21 season, says Premier League chief