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Vietnam: MoIT predicts 2017 export growth

HÀ NỘI — Products including telephones and spare parts, garment and textile, electronics and computers are expected to bring highest export turnover to the country in 2017, said the Ministry of Industry and Trade. Last year, Việt Nam’s total export turnover was US$175.9 billion, an increase of 8.6 per cent over the previous year. Therefore, […]

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Vietnam: Slow rise in consumer lending

HÀ NỘI – Consumer lending is seeing only a slow rise ahead of Tết (Lunar New Year), despite commercial banks offering preferential loans to both individuals and enterprises, Đầu tư Chứng khoán (Securities Investment) newspaper reported. Vietnam International Commercial Joint Stock Bank (VIB) is offering auto loans to customers at 7.6 per cent per year. […]

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Vietnam: VN giants post record profits

HÀ NỘI – Two giant State-owned corporations, Vietnam National Petroleum Group (Petrolimex) and Vietnam Steel Corporation (VNSTEEL), achieved record profits last year, according to a conference held by the Party Organisation of the Central Enterprises Bloc (CEB) on Monday. Petrolimex earned more than VNĐ6.2 trillion in profit, reaching 158 per cent of its yearly target, […]

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