Interest rate cuts weighed for borrowers affected by coronavirus Vietnam’s central bank has asked commercial banks to promptly adopt measures to support their customers in the wake of the coronavirus outbreak, including rescheduling repayments and revising down interest rates. … [Read more...] about Vietnam advised to ‘loosen monetary policy in cautious manner’
Vietnam economy system
PM Phuc chairs meeting on Vietnam-EU trade cooperation
On April 14 in Hanoi, Prime Minser Nguyen Xuan Phuc chaired a meeting with some ministries and sectors to review economic and trade cooperation between Vietnam and the European Union (EU) in recent years and outline orientations for further augmenting cooperation with this important partner in the time ahead. The past years have seen Vietnam-EU trade ties develop rapidly. The EU is the second largest export market of Vietnam with 18% of the bloc’s exports coming from Vietnam. The EU is also Vietnam's third largest trading partner with bilateral trade having reached roughly US$50 billion last year. … [Read more...] about PM Phuc chairs meeting on Vietnam-EU trade cooperation
US-China trade war could drag Vietnam GDP down
The tax deduction might also result in some countries creating more incentives to retain U.S. investments. China has recently said it would temporarily give U.S. firms tax exemptions to stop them from withdrawing from the country, Thang noted. … [Read more...] about US-China trade war could drag Vietnam GDP down
Mixed Martial Arts legalised in Vietnam
“The establishment of the VMMA is suitable with the general development trend of the mixed martial arts in the world. In Vietnam, this sport develops quickly but it is unprompted and competitions aren't allowed, but many have still been held. Some contests have even turned into violence,” said Nguyen Ngoc Anh, head of the Elite Sports Department of the National Sports Administration. … [Read more...] about Mixed Martial Arts legalised in Vietnam
Join ministries, cut a deputy PM, Vietnam government hears
The institute suggested reorganizing the Ministry of Training and Education, making it focus on education only while transferring its "training" function to the Ministry of Science and Technology, which should be renamed Ministry of Science, Technology and Training. … [Read more...] about Join ministries, cut a deputy PM, Vietnam government hears
