On May 7, the SBV issued guidance for Vietnam Bank of Social Policies to provide loans at 0% interest rates with worth a total of VND16 trillion (US$686.42 million) for customers directly affected by the pandemic and businesses in paying salaries and wages for furloughed staffs. … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
Scalability for business growth
The main products it planned to focus on would be edible oil, ice cream and snacks in the mid- and high-priced categories, which offer high margins. … [Read more...] about KIDO Group has reported growth of nearly 48 per cent in net profit to VNĐ418 billion (US$18.2 million) for 2020.
At a meeting with commercial banks in late April, Governor of the State Bank of Vietnam (SBV) Le Minh Hung reported that as of March 31, credit provided to the national economy had increased by 1.3 percent compared with the beginning of the year, the lowest Q1 credit growth rate in the last six years. … [Read more...] about Credit grows slowly, but banks still make profits
Although foreign direct investment pledges in Vietnam has dropped by 25 percent last year to $28.5 billion due to travel restrictions and dampened investor sentiment, foreign companies still poured $6.4 billion into existing FDI projects, up 10.6 percent year-on-year. … [Read more...] about Vietnam to grow at 7.8 pct in 2021: Standard Chartered
After the congress, Party branches from central to local levels, as well as all Party members and cadres, will have to immediately implement the Resolution of the 13th Congress. Each Party member, each branch, field, and locality will have to develop an innovative way to implement the Resolution, build a detailed, feasible action plan for rapid and sustainable economic and social development, in order to contribute to the development of the country. VNS … [Read more...] about Science and technology one of the country’s major policies: official