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Vietnam: Alarm over foreign currency lending growth

According to the National Financial Supervisory Commission, in the first eight months of the year, lending in foreign currencies jumped by 11.5 per cent compared to only 1.7 per cent in the same period last year. It was slightly higher than the growth in dong credit.  Interest rates on loans in foreign currencies are much lower […]

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Vietnam: PM stresses key role of private sector in economy

HANOI — Prime Minister Nguyen Xuan Phuc praised the significant success of the private economic sector, saying it represented 96.7 per cent of the country’s 500,000 enterprises. PM Phuc spoke in Hanoi at a Saturday policy dialogue with 14 chairmen and general directors of leading private enterprises.  Attending the event were also leaders of the Government […]

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Vietnam: HCM City industry parks need new plan

HCM City – Industrial and processing parks in HCM City have not developed to their potential due to poor infrastructure and a lack of connection among the parks, delegates said at a weekend seminar. Speaking on the 25th anniversary of the HCM City Export Processing and Industrial Zone Authority (HEPZA), Nguyen Thien Nhan, the municipal party […]

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Vietnam: Government to ease gas trading

HANOI — The Ministry of Industry and Trade (MoIT) will submit a draft decree to ease the entry of businesses into the gas trading market. The ministry on Wednesday said it has completed its assessment of the draft after collecting opinions from ministries and relevant agencies and would submit it to the Government in the next few days. This move follows […]

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