The Hanoitimes – Some Vietnamese banks have made good progress to resolve legacy problem assets, assessed Moody’s in its latest rating outlook on February 5. Consequently, they no longer have to set aside a 20% annual provision cost. Following in the footsteps of JSC Bank for Foreign Trade of Vietnam and Vietnam Technological and Commercial Joint […]
Read MoreThe Hanoitimes – One in five Vietnamese adults is accessible to official financial service, said in International Financial Company (IFC)’s recent report. Similarly, merely 8% Vietnamese aldults own savings at financial institutions, the report found. Researching shows that microfinance lenders play key roles in supplying service for low-income population of about 10 million people, among those women and […]
Read MoreThe Hanoitimes – In January, total foreign direct investment (FDI) includes newly registered, increased, contributed capital, purchased shares reached US$1.25 billion, equaling 75.9% over the same period of 2017, according to the Ministry of Planning & Investment. By the end of the first month in 2018, Vietnam recorded 415 turns of capital contributions and shares purchases […]
Read MoreLaotians are hoping the Laos-China railway will bring more tourists and development opportunities once fully operational, media reports have said. The project will be completed in 2021, and the railway will have a total length of over 414 km linking the Mohan-Boten border gate in northern Laos and the capital. “About three years ago, there […]
Read MoreThe Jakarta Central Statistics Agency (BPS Jakarta) announced on Thursday that it had recorded a 0.43 percent inflation rate in Jakarta in January, compared to 0.65 percent in December, 2017. Meanwhile, the year-on-year inflation rate was recorded at 3.14 percent, said BPS Jakarta head Thoman Pardosi in Jakarta on Thursday. From the seven expenditure groups […]
Read MoreThe Hanoitimes – In order to maintain a strong growth of export in 2018, the Ministry of Industry & Trade (MoIT) will focus on measures facilitating export to markets such as China or Korea. Vietnam’s export value in January reached US$19 billion, reducing 3.3% over the last month, according to the General Statistics Office. Specifically, export […]
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