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Vietnam: Exports affected by slowing global demand

HO CHI MINH CITY: Vietnam’s economic recovery remains challenged with exports being hit hard by weakening global demand, experts say. Speaking at a meeting in Ho Chi Minh City, Industry and Trade Minister Nguyen Hong Dien said exports have steadily decreased in most industries, including garments, agriculture, forestry, fishery and wood processing. “Local exporters have […]

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Vietnam: Consumer credit needs a legal framework

Never have consumer loans been in difficulty as recently. The demand of borrowers was great, but finance companies did not dare to increase lending because of worry about the difficulty for debt collection. HÀ NỘI — It is critical to develop a proper legal framework for consumer credit to protect the legitimate rights of both […]

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Policies take effect in Vietnam in May 2023

A string of fresh policies on land management, procedures for collection and payment of fines, investment of state capital in enterprises shall come into effect in May. Amendments of Law on Land implementation  Decree 10/2023/ND-CP dated April 3, 2023 amends a number Decrees guiding the implementation of the Law on Land. Decree 10 is expected to remove […]

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Vietnam: Inflation is on decreasing trend: GSO

GSO director general Nguyễn Thị Hương spoke to Vietnam News Agency about challenges to meeting the National Assembly’s inflation target of about 4.5 per cent. Along with global trends, Việt Nam’s inflation in the first three months of 2023 was decreasing. Therefore, the General Statistics Office (GSO) has forecast that this year’s inflation would be controlled under the target […]

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Shenzhen positively poised to begin large cooperation efforts with five Mekong countries

Shenzhen, with economic, technological and capital strengths, has large potential of cooperation with the five Mekong countries and the city’s enterprises can make big contributions to their economies. Officials and business leaders made the remarks on Tuesday at the themed event of 2023 Lancang-Mekong Cooperation Week in Shenzhen. The event also featured the launch of […]

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