The EU-Vietnam Free Trade Agreement has created a new driving force for Vietnam’s logistics, but the industry needs to take further action to unlock its full potential. Tran Viet Huy, managing director of Tracimexco – Supply Chains and Agency Services JSC (TRA-SAS), told VIR that the EU-Vietnam Free Trade Agreement (EVFTA) will open up doors […]
Read MoreThe Hanoitimes – The fact that Vietnam is already a top trade partner with the EU despite not having an FTA in place highlights the opportunities that the EVFTA will create for Vietnamese seafood producers. As the EU – Vietnam Free Trade Agreement (EVFTA) has come into effect, Vietnamese seafood exports are perfectly placed to take […]
Read MoreThe Hanoitimes – Following the first wave of investment in the 1990s, a second wave from Taiwanese companies to Vietnam is taking place with a focus on electronics and hi-tech fields. As Taiwanese enterprises are restructuring their investment activities, Vietnam remains an attractive destination, according to Richard Shi, head of the Taipei Economic and Cultural Office […]
Read MoreSmall and medium enterprises (SMEs) need capital to revive their production, but cannot access bank loans or receive support from local credit guarantee funds. Voters from Gia Lai province have sent a petition to the State Bank of Vietnam (SBV), requesting that the agency encourage commercial banks to share difficulties with businesses by slashing interest […]
Read More[HANOI] Vietnam plans to restart international commercial flights to and from six Asian cities from mid-September, state media reported on Thursday, ending months of coronavirus-related suspension after easing some restrictions on foreign business travellers. The Civil Aviation Authority of Vietnam (CAAV) is proposing resuming flights to Guangzhou, Seoul, Vientiane, Phnom Penh, Taipei and Tokyo, which […]
Read MoreLending interest rates have decreased significantly, but many businesses still cannot access bank loans at low costs. According to the State Bank of Vietnam (SBV), dong interest rates are hovering around 0.1-0.2 percent per annum for demand deposits and less than 1 month deposits. The highest interest rate, 7.3 percent per annum, is offered to […]
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