Soc Trang (VNA) - The industrial production value of the Mekong Delta’s Soc Trang province in the first quarter has been estimated at 6.6 trillion VND (279.7 million USD), up 5.7 percent year-on-year. According to the provincial Department of Industry and Trade, processing and manufacturing grew by 5.7 percent in the quarter, water supply and waste treatment 5.3 percent, and electricity production and distribution 1.1 percent. The province’s export turnover is estimated at 190 million USD, a year-on-year increase of 12.07 percent, with rice exports posting impressive growth of 62.14 percent. To deal with the COVID-19 outbreak, provincial leaders have asked the industry and trade sector to coordinate with relevant sectors to guarantee the supply of materials for production, consolidate the domestic market, and help exporters solve difficulties caused by the pandemic. A report from the department shows that almost all major enterprises in the province are operating … [Read more...] about Industrial production, export turnover up in Soc Trang despite COVID-19
Vietnam joint stock commercial bank for industry and trade
Banks cut deposit rates as credit demand dwindles
The third largest lender in the country, Vietinbank, has lowered its interest rates by 0.2 percentage points to 6.6 percent for terms of six to less than 12 months, keeping the rate for a 12-month fixed deposit unchanged at 6.8 percent. … [Read more...] about Banks cut deposit rates as credit demand dwindles
Vietnam’s proposed increase in minimum taxable income ‘thoughtless’
"This method is simple to the point of being cold and thoughtless," Bao said, stressing that this policy, which would affect the livelihoods of over 90 million people, had been calculated and planned in a way that was even simpler than a statistical problem for first year students. … [Read more...] about Vietnam’s proposed increase in minimum taxable income ‘thoughtless’
Northern provinces asked to cooperate with China to manage border trade
On Sunday, Deputy Minister Tran Quoc Khanh sent this request to the northern provinces of Quang Ninh, Lang Son, Cao Bang, Ha Giang, Lao Cai, Lai Chau and Dien Bien after the Embassy of Viet Nam in China on Friday sent letters to ministers and People’s Committees in those provinces about China’s efforts to control the novel coronavirus (COVID-19) pandemic. … [Read more...] about Northern provinces asked to cooperate with China to manage border trade
COVID-19 affected firms gain access to $695 million low interest loans
According to a resolution drafted by the Ministry of Planning and Investment, the Government Office and the State Bank of Việt Nam, the loans would be used to pay employees who had been laid off due to the impacts of the COVID-19 pandemic. It was estimated some three million workers will receive support. … [Read more...] about COVID-19 affected firms gain access to $695 million low interest loans
