The non-performing loans (NPLs) of 20 local banks at the end of 2020 rose by 4.5 per cent year-on-year to VND83.4 trillion (US$3.58 billion), according to the banks’ latest financial statements. Fifteen of the banks reported a decrease in bad debt ratio last year, with some successfully controlling the ratio at below 1 per cent. […]
Read MoreThai authorities are preparing to oppose Vietnam’s plan to impose a 34% anti-dumping tax on sugar imports from Thailand, which is based on a claim that Thai exporters are gaining an advantage over their Vietnamese competitors because of lower costs. The Thai Industry and Commerce ministries are planning their strategy following a media report that […]
Read MoreHANOI: Vietnam said on Tuesday it plans to impose anti-dumping duties on raw sugar that originates in Thailand, claiming soaring imports are undermining its domestic sugar industry. The Vietnamese Industry and Trade Ministry said a 33.88% levy would apply on Thai sugar, but a timeframe for when it will come into force has yet to […]
Read MoreVietnam has moved up two places to 55th in the list of the world’s 60 most innovative economies compiled by Bloomberg, but lags far behind Asian peers. With an overall score 49.01 out of 100, Vietnam fared badly in the against countries such as Singapore (2nd), Malaysia (26th) and Thailand (36th) in the annual Bloomberg Innovation Index. […]
Read MoreCement, petroleum and retail stocks are those that could see strong rises in 2021. Since late 2020 to early 2021, Vietnam’s stock market has witnessed a strong rise in terms of liquidity, capital inflows and number of accounts. A certain number of stocks are set to ride on the country’s strong economic rebound this year. […]
Read MoreSCG Packaging (SCGP) is joining hands with its Vietnamese partners under a 10-billion-baht investment to expand its packaging solution business in Vietnam, where demand for packaging products is growing. The latest move is the signing of a share purchase agreement yesterday to acquire a 70% stake in Duy Tan Plastics Manufacturing Corporation, Vietnam’s top producer […]
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