With the funding, local banks have issued 974 guarantees valued at US$686 million to support exporters and importers. Close to 2,000 exporters and importers in Vietnam have benefitted over the past fiscal year from trade financing from the International Finance Corporation (IFC) designed to help businesses withstand the impacts of Covid-19 and preserve jobs. Given […]
Read MoreBy 2030, the domestic market for processed seafood would reach VND40-45 trillion ($1.75-1.97 billion), which would contribute to seafood exports of US$14-16 billion per year. Vietnam targets to become one of the world’s seafood processing hubs and among the top five seafood exporters by 2030. The move was revealed in the Government’s development strategy for […]
Read MorePublic investment, exports, and domestic consumption continue would be the three key factors for Vietnam’s economy this year. While the current Covid-19 outbreak has brought both ups and downs in the economy during the first seven months of this year, experts suggested there remains room for the economy to end 2021 on a high note. […]
Read MoreThough COVID-19 has brought challenges to the coffee industry, businesses can nevertheless seek to adapt by exploring innovative and value-added ideas for Vietnamese coffee. Coffee experts gathered at the RMIT University’s International Business Forum 2021 last week to share how to promote the local commodity to the world. According to the experts, Vietnam has consistently ranked among the world’s largest coffee […]
Read MoreWith such a move, customers would now have another six months to recover their business operations. Banks are expected to expand their support for businesses and people in form of debt rescheduling, waiving, and freezing of lending rates for a further six months until June 30, 2022, from the previous deadline of December 31, 2021. […]
Read MoreVietnam’s tax agencies and banking groups are taking more drastic concerted efforts to buttress the domestic economy and foster resilience against the current wave of COVID-19 infections. A handful of tax relief measures to help businesses ride out the bump, including corporate income tax (CIT) reduction, is expected to be approved by the government soon. […]
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