The Hanoitimes – An upgrade is unlikely, given the review for downgrade. Moody’s Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade. The three finance companies are VPBank Finance Company Limited (FE Credit), Home Credit Vietnam Finance Company Limited (HCV), and SHB Finance […]
Read MoreThe Hanoitimes – A change in the epicenter of the pandemic from China to the US and Europe is causing greater impacts on Vietnam’s economy. Vietnam’s GDP in the second quarter is forecast to expand by 2% year-on-year, slowing down from a 3.82% expansion in the first quarter, or even fall into recession, according to a […]
Read MoreThe Hanoitimes – Many retailers in phone and electronics segments focus on developing online channels to survive during the coronavirus pandemic period. To survive adverse effects of the coronavirus pandemic, many Vietnamese tech retailers have quickly boosted their sales on online platforms as their physical stores nationwide have to close until April 15 to comply with […]
Read MoreSET-listed Srithai Superware Plc, a leading melamine maker, is ramping up investment this year in Vietnam, which has relatively high growth opportunities, while shelving its investment in Thailand, Indonesia and India. Sanan Angubolkul, chairman and president, said the company will splash out 450 million baht this year to expand its business in Vietnam. Of the […]
Read MoreThe Hanoitimes – Vietnam’s headline inflation averaged 5.6% year-on-year in the first quarter, but has been gradually decreasing since last December. There is a high chance that Vietnam’s inflation could stay far below the 4%-target in the second half of 2020, thanks to a sharp decline in crude oil prices, stricter control on food prices, and […]
Read MoreThe Hanoitimes – Once Vietnam’s parliament ratifies the trade deal, it can enter into force 30 days after Vietnam and the EU have notified each other that legal procedures have been completed. The Standing Committee of the National Assembly (NA) has asked the government to prepare and submit procedures for the approval of the EU – […]
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