Supply chain risk management

- 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

About Citi Foundation The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation's "More than Philanthropy" approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. For more information, visit www.citifoundation.com … [Read more...] about Citi Foundation Donates US$150,000 to Feeding Hong Kong for the Provision of Staple Food Supplies to 5,600 Vulnerable Households

In a recent report, Pyn Elite Fund said “an ownership tussle in the company opened a window of opportunity for our sell-out”. With about 3.6 million euro (US$4 million) in cash from the deal, the fund said it booked a slight loss from the deal. … [Read more...] about Savico appoints new management board amid foreign divestment

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

The decree took effect from July 1, 2018, and exporters have since been scampering to get on top of the towering complications rolled in their way by customs procedures. Seafood, textile, and leather firms were complaining that they must pay VND500,000 ($21) per registration for each document, besides dealing with more complicated procedures and coping with potential delays for their shipments. … [Read more...] about Removing pesky barcode rules plagues exporters