Experts have forecast bank credit growth in the second quarter to reach 3.5-4 percent, much higher than the rate in the first quarter. In the first three months, the rates had been 0.1 percent, 0.07 percent and 1.1 percent as the COVID-19 pandemic severely impacted various industries and their demand for funds. Consumer demand and […]
Read MoreThe Hanoitimes – Following the handover of the diplomatic note, the Vietnam – EU trade deal is set to take effect on August 1, 2020. Vietnam’s government representatives on June 18 handed over a diplomatic note notifying the passage by the National Assembly (NA) of both the EU – Vietnam Free Trade Agreement (EVFTA) and the […]
Read MoreThe Hanoitimes – Luxshare ICT announced they are still hiring 300 workers per day from June 18 to 20 for production expansion in North Vietnam. Luxshare Precision Industry (Luxshare ICT), one of Apple’s contract manufacturers, is hiring thousands of workers in Vietnam to assemble AirPods. Over the last few days, the company’s fanpage has been posting […]
Read MoreThe National Assembly (NA) passed the revised Law on Enterprises on Wednesday morning in Ha Noi, introducing several important changes to regulations overseeing business activities. Notably, the NA ruled household businesses will require a different law and are not subject to the revised Law on Enterprises. According to the Vietnam Small-and Medium-Sized Enterprises Association, there […]
Read MoreWhile government officials attribute the high pork price to the low supply caused by the African swine fever (ASF), experts say they can see signs of oligopoly. Despite the great efforts by the Ministry of Agriculture and Rural Development (MARD), including the import of pork and live pigs, prices still have been at sky high […]
Read MoreCredit demand in Vietnam is expected to stay low in the foreseeable future as the Covid-19 pandemic continues to be complicated globally, said a central banker. Vietnam’s credit growth as of June 16 is estimated at 2.13% against the end of last year, significantly lower than the average growth rate of the corresponding period in […]
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