Economists have predicted the resurgence of the COVID-19 pandemic could leave Vietnam facing its lowest level of economic growth in 35 years. After 99 days without any new cases of community transmission, a local infection was confirmed in Da Nang on July 25 and the virus has since spread around the country and caused 15 […]
Read MoreSelling goods through live streaming, which has exploded in the Chinese market, has become popular in Southeast Asia, including in Vietnam, reported Nhip Cau Dau Tu (nhipcaudautu.vn). Appearing in Vietnam in late 2018, selling goods through live streaming promises to become a leading sales platform for online retailers. Many livestream accounts have seen record high […]
Read MoreVietnam needs to reform its trade mechanisms while local businesses are advised to be more proactive to take advantage of the European Union – Vietnam Free Trade Agreement (EVFTA). According to the Ministry of Planning and Investment before the COVID-19 outbreak, the EVFTA will boost Vietnam’s economy 2.18 to 3.25% in the first five years […]
Read MoreNon-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits. The first-half financial statements of big banks like Vietcombank, BIDV and Vietinbank all indicated an increase in non-performing loans (NPLs). Total NPLs of Vietcombank increased 11 percent in the last six months, pushing the bad debt […]
Read MoreThe Hanoitimes – Cutting deposit interest rates on required reserve of commercial banks is not a further monetary easing. The State Bank of Vietnam (SBV)’s decision to slash some of its policy interest rate for the third time this year is believed to help reduce pressure on state budget expenditure, according to securities firms. This is […]
Read MoreThe Hanoitimes – After one year, Job security overtook Health to become No.1 concern of Vietnamese consumers. Overcoming the first wave of Covid-19, in the second quarter (Q2) of 2020, Vietnam became the second most optimistic country globally with Consumer Confidence Index of 117 points, despite being down 9 points compared to Q1, according the latest […]
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