PM asks banking sector to ensure legitimate interests of people, businesses hinh anh 1
Prime Minister Pham Minh Chinh (middle) at the conference held by the central bank. (Photo: VNA)
Prime Minister Pham Minh Chinh on December 28 tasked the banking sector with ensuring monetary security and safety, as well as legitimate rights and interests of people, businesses and relevant subjects in 2023 and the following years.

Speaking at a hybrid conference held by the State Bank of Vietnam (SBV) in Hanoi, the leader stressed that the sector should operate transparently and healthily, with liquidity flowing smoothly in any circumstances.

He asked the central bank to keep the exchange rates and interest rates, as well as inflation control and economic growth balanced, and ensure reasonable and effective credit growth, while contributing to removing difficulties in production and business.

Inspections and supervisions should be stepped up to make the system run transparently and safely, he said, calling for efforts to accelerate the restructuring of credit institutions in parallel with bad debt settlement.

The leader also stressed the need to boost digital transformation, as well as the banking system’s role in green development, circular economy, digital economy and innovation.

The sector should closely coordinate with ministries, agencies and localities to fulfill socio-economic tasks, with priorities given to maintaining macro-economic stability, reigning in inflation, spurring growth and ensuring major economic balances, the PM said.

To that end, he suggested flexibly rolling out monetary policy tools and combining fiscal policies with others, saying the banking sector should work to improve its forecasting capacity and prepare for changes in the domestic and international situation.

Perfecting relevant institutions, mechanisms and policies will create a concerted legal corridor for the safe, healthy, effective and sustainable development of the sector, he noted.

The project on restructuring credit institutions in combination with bad debt settlement in 2021-2025 needs to be implemented drastically and effectively, the leader continued.

Lauding the banking system’s outstanding performance in 2022, Chinh emphasised that it has contributed to controlling inflation and maintaining macro-economic stability and high economic growth.

The sector has employed an array of solutions and diversified its credit products to help enterprises and people restore production and business, he said, adding that international cooperation has contributed to raising Vietnam’s role at international financial and monetary organisations.

Export of aquatic products estimated at record 11 bln USD

Vietnam’s aquatic products are expected to earn about a record 11 billion USD from export this year, up 23.8% annually and 22% compared to the plan, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.

He revealed the figures during a recent conference of the Ministry of Agriculture and Rural Development (MARD)’s Vietnam Directorate of Fisheries (DoF) to review its 2022 activities and launch 2023 tasks.

According to the DoF, the sector’s total output expanded by 3.1% from 2021, reaching 9.06 million tonnes, surpassing the annual average growth during 2021-2030 period under the Vietnamese fisheries development strategy till 2030 with a vision to 2045.

Deputy General Director of the Vietnam Directorate of Fisheries Nguyen Thi Thu Nguyet said despite difficulties caused by COVID-19 and hike in material prices, the DoF regularly directed localities to adopt flexible and sound production measures while managing aquaculture synchronously and effectively, from animal feed, varieties to environment monitoring and VietGAP certification.

The DoF also adopted modern technology to keep watch of fishing vessels and reduce the intensify of fishing that hurts fishery resources and ecosystem, suggested the MARD hold conferences discussing ways to improve the efficiency of tapping, processing and consuming aquatic products, toward improving products’ value and fishermen’s income.

Next year, the sector strives to maintain the total area of aquaculture at 1.3 million ha.

It target harvesting about 8.74 million tonnes of aquatic products, or 96.7% from that in 2022. Of which, roughly 3.58 million tonnes will be caught and 5.16 million tonnes be grown. The total export of aquatic products will be approximately 10 billion USD.

Hanoi targets about 22 million visitors next year

Hanoi has set a target to welcome about 22 million visitors next year, 17.6% higher than that of this year.

Of the visitors, the city expects to host 3 million foreigners.

It also aims to get about 77 trillion VND (3.26 billion USD) from the tourists, an increase of 28.2% over this year.

According to the city’s Department of Tourism, it is estimated that Hanoi has welcomed 18.7 million visitors in 2022, 4.7 times higher than that of 2021 and just 64.7% of the figure in 2019 before the outbreak the of COVID-19 pandemic.

The city has hosted about 1.5 million foreign visitors while under the city’s tourism plan for 2022, it targeted to welcome up to 10 million visitors with just 1.2-2 million foreign visitors.

In 2022, Hanoi's tourism industry focused on building and exploiting agricultural, rural, and ethnic tourism products. It also promoted tourism links with other provinces and cities as well as stepped up digital transformation in destinations and travel agencies.

Director of the city’s Tourism Department Dang Huong Giang said that in 2022, the city’s tourism sector effectively implemented solutions for post-pandemic socio-economic recovery, maintained its position as a tourism hub of Vietnam, and continued to develop an image of a safe attractive destination for the city.

In 2022, Hanoi occupied a high position in the ranking of tourism pages and organisations including TripAdvisor, Travelbook.de, and World Travel Awards.

Container route at Chan May Port opened

Chan May Port Joint Stock Company, on December 25, in collaboration with Hai An Transport and Stevedoring Joint Stock Company, organized the opening of a container route at Chan May Port in Phu Loc District of Thua Thien-Hue Province.

Chan May Port is located between the two largest cities in Central Vietnam, Hue and Da Nang. It is near the national key tourist area of Canh Duong - Lang Co - Hai Van - Bach Ma National Park and the national tourist urban of Hue. It is the gateway to the East Sea and the closest and most convenient port to the regions of the East-West Economic Corridor.

The main business lines exploited here include berth services, stevedoring services, warehousing services, water transport, shipping agent, and logistics services.

HCMC kicks off road project to ease congestion in airport area

A groundbreaking ceremony for a new road connecting Tran Quoc Hoan and Cong Hoa streets in Tan Binh District to ease congestion around Tan Son Nhat Airport was held on December 24.

The access path was approved for construction with a total investment capital of VND4,848 billion (US$206 million), including the cost for compensation support and resettlement of VND2,412 billion (US$102 million). The six-lane road is more than four kilometers long and starts at the Tran Quoc Hoan-Phan Thuc Duyet intersection and ends at the C12-Cong Hoa-Truong Chinh intersection.

The road which will connect to the under construction passenger Terminal 3 at Tan Son Nhat Airport includes two underpasses and an overpass in front of the terminal. It is expected to be finished in September 2024.

Under the project, a new road will be constructed in parallel to prevent vehicle overloading on Cong Hoa and Truong Chinh streets.

Agro-forestry-fishery exports set new record in 2022

The agro-forestry-fishery export turnover in 2022 posted a new record, hitting over 53.2 billion USD in 2022, a year-on-year increase of 9.3%, according to the Ministry of Agriculture and Rural Development (MARD).

The ministry reported that the sector enjoyed a trade surplus of 8.5 billion USD, 30% higher than that of 2021.  

Specifically, the export value of main agricultural products reached 22.59 billion USD, up 4.8%; main forest products reached 16.93 billion USD, up 6.1%; and aquatic products hit 10.92 billion USD, up 22.9%.

The agricultural sector had seven groups of products recording export turnover of over 3 billion USD, including wood and wooden products with 10.92 billion USD, shrimp 4.33 billion USD, coffee 3.94 billion USD, rice 3.49 billion USD, rubber 3.31 billion USD, fruit and vegetables 3.34 billion USD, and cashew nuts 3.07 billion USD.

VinFast to showcase electric vehicle ecosystem at CES 2023

VinFast, a member of private conglomerate Vingroup, has announced its participation in the Consumer Electronics Show (CES) 2023 from January 5 – 8 next year with a showcase of its electric vehicle ecosystem, including four electric SUV models, four electric bikes, VF 8 test drives, and an immersive experience in their booth.

Returning to the CES 2023 a year after announcing its all-electric vehicle strategy, the automobile maker will display four electric SUV models - VF 6, VF 7, VF 8 and VF 9 - which represent the most popular segments from small crossovers to large 5- and 7-seater SUVs.

Among the four models, the VF 8 was recently launched, and the first vehicle shipment arrived in the US in mid-December. CES attendees can test drive the model in two special areas around the convention centre. One area will be a ride along experience with VinFast’s product experts, where customers can experience the VF 8’s modern technology and features. The second opportunity will be for those customers who will drive themselves on the closed track provided by CES, where they can directly experience the VF 8 model.

The VF 6, VF 7 and VF 9 are currently under development and will be launched in 2023.es in the US, in order to serve customers quickly and conveniently, she added.

VinFast's pavilion will be open to the public and test drives will be held from January 5-8, 2023.

FTAs help push Vietnam’s exports

Over the past years, free trade agreements (FTAs) have proved effective in promoting Vietnam’s exports.

As of late 2022, 15 FTAs, to which Vietnam is a signatory, became effective, and two others were in the negotiation process.

With import and export tariff incentives offered by these trade deals, Vietnamese importers and exporters have many competitive advantages in these markets with similar products.

To bring into full play these advantages, Nguyen Thi Thu Trang, Director of the World Trade Organisation (WTO) Integration Centre at the Vietnam Chamber of Commerce and Industry (VCCI), said that the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development, and the Ministry of Culture, Sports and Tourism will launch product promotion campaigns designed for each market, with priority given to the US, Europe and other choosy markets.

Accordingly, the Vietnam Trade Offices in the markets that have signed FTAs with Vietnam will build a channel to connect partners with Vietnamese enterprises in each market and disseminate information about these channels to businesses.

Thanks to advantages brought about by the FTAs, 2022 marks the seventh consecutive year Vietnam has reported a trade surplus.

Statistics of the Ministry of Industry and Trade showed that this year’s import-export turnover is estimated at 732 billion USD, up 10% year-on-year. Of the total, 371.5 billion USD comes from exports, up 10.5% year-on-year, exceeding the target of 8% assigned by the National Assembly and the Government.

This year, 39 commodities report their export turnover of over 1 billion USD, with nine surpassing the 10-billion-USD mark.

Potential remains for Vietnam’s exports to EU
 
The Ministry of Industry and Trade (MoIT) on December 27 organized a conference to review the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) over the last two years.

Deputy Minister of Industry and Trade Tran Quoc Khanh said that since August 2020, Vietnam and the EU have seen positive results in their two-way trade despite the COVID-19 pandemic.

In the first year of the EVFTA’s implementation, bilateral trade between Vietnam and the EU reached US$54.9 billion, up 12.1% over the same period the previous year, of which export revenue reached US$34.5 billion, up 11.3%.

In the second year, it reached US$61.4 billion, up nearly 11.9%, of which exports reached US$45 billion, up 17%.

In the first 11 months of 2022, two-way trade turnover reached US$57 billion, up 14% over the same period last year, of which exports reached US$43.5 billion, up 21%. Key export products from Vietnam recorded positive growth such as textiles, footwear, and seafood, with year-on-year increases of 24%, 19% and 41%, respectively.

However, according to the MoIT, the EU market still offers opportunities for Vietnamese enterprises despite facing difficulties in accessing the market.

Deputy Minister Khanh said that Vietnam's brand has not been built or is not popular in European countries. The value and benefits that Vietnamese businesses earn are not commensurate with their potential, he added.

Ngo Chung Khanh, Deputy Director General of the MoIT’s Multilateral Trade Policy Department, said that the ministry plans to coordinate with other ministries and agencies to further provide enterprises with EVFTA-relating information.

Besides, the ministry will also assess the implementation of the EVFTA in provinces and cities nationwide through FTA INDEX which is expected to launch in late 2023.

The ministry will open training courses for enterprises, and speed up solutions to support enterprises in accessing and taking advantage of the EVFTA.

Credit growth hits about 13%

Credit growth reached about 13% this year as of December 27, Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu told a press conference in Hanoi on tasks for the banking sector next year.

Most of credit were for production and trade, said Deputy Director in charge of the SBV’s Department of Credit for Economic Sectors Ha Thu Giang.

As of November 30, total outstanding loans under the Vietnam Bank for Social Policies’ 23 credit programmes stood at over VND279 trillion (US$12.1 billion), up 12.81% annually with over 6.4 million borrowers.

Next year, the SBV will continue to manage credit growth in line with macroeconomic developments, contributing to controlling inflation, supporting economic recovery and growth, and pouring capital into production and trade, especially priority areas.

It will also push forward the restructuring of credit organisations in combination with dealing with bad debts for the 2021-2025 period; review legal frameworks and mechanisms to ensure a safe, healthy, transparent and sustainable development of banking and monetary markets; as well as step up digital transformation of banking activities, Tu said.

Domestic sugar production fails to meet market demand

Vietnam’s sugar production was estimated to be roughly 750,000 tonnes during the 2021 - 2022 crop, an increase of 8.3% compared to the previous crop, although this rise has yet to sufficiently meet domestic market demand.

According to the Ministry of Industry of Trade, the country lacks hundreds of thousands of tonnes of sugar.

The Ministry reported to the Prime Minister about supplementing the sugar import tariff quota of the 2021 - 2022 crop with an amount of 200,000 tonnes, including 160,000 tonnes of raw sugar and 40,000 tonnes of refined sugar.

An auction took place at the headquarters of the Ministry of Industry and Trade on December 26, drawing the participation of seven enterprises assigned tariff quotas with a total volume of 125,000 tonnes.

Among them are five enterprises allocated with 100,000 tonnes of raw sugar, and two others with 25,000 tonnes of refined sugar.

Seven enterprises in late September were assigned tariff quotas with a total volume of 109,000 tonnes at a sugar import auction organised by the Ministry of Industry and Trade.

Air fares rise in build up to Tet holiday

Domestic passengers are facing higher fares and a shortage of tickets when attempting to travel by place in the coming the Lunar New Year holiday (Tet).

After the official announcement made about the upcoming Tet holiday break and the release of tickets, Hoang Minh, who lives in Ho Chi Minh City, enthusiastically starts searching for air tickets to Hanoi.

Minh said that all economy class air tickets during January 16 to 19, December 25 to 28 according to the lunar calendar, have been sold out. There are still seats available in flexible economy and business classes, however, tickets cost VND5 million and VND9.6 million for a one-way trip, respectively.

The same high ticket prices are also being applied for flights from Hanoi to Ho Chi Minh City from January 7 to 8.

Most airlines have increased airfares during the Tet holiday – the peak season for travelling. Online ticketing site Abay, the lowest price for one-way tickets from Ho Chi Minh City to Hanoi from December 23 to 29 on the lunar calendar, is VND3 million per person.

Meanwhile, on the same route, the cheapest tickets for the night flights of Bamboo Airway cost VND3.4 million per person, while low cost airlines Vietjet, Pacific Airlines and Vietravel Airlines offer at nearly VND3.2 million per person.

Explaining the high ticket prices, a representative of national flag carrier Vietnam Airlines said that domestic airlines continue to increase the number of flights to meet the passengers’ needs, however, some negative factors have meant that supply can't meet demand.

Moreover, travel demand has shot up in the post-pandemic period, leading to a sharp scarcity of air tickets during Tet, the representative added.

It is nearly impossible to book economy class tickets for flights during Tet these days, though Tet is almost one month away.

According to statistics compiled by several airlines, air tickets of several main routes have been sold out.

Vietravel Airlines said that tickets for flights from Ho Chi Minh to Hanoi, Phu Quoc, and Quy Nhon have been selling quickly over recent days following the tickets put on sale. On the Ho Chi Minh City - Da Nang route, tickets are still available with low availability.

The airline stressed that the Tet holiday in 2023 is predicted to be the most exciting period for the aviation industry, this is largely down to the huge demand of Vietnamese labourers and students wishing to return to their hometowns after two years of struggling to overcome the COVID-19 pandemic.

All eyes are on the Civil Aviation Authority of Vietnam that is tasked with permitting domestic airlines to add more flights to serve the needs of passengers.

Tuna exports hit record high of US$1 billion this year

Tuna export turnover passed the US$1 billion mark for the first time ever on December 21, with the figure for the entire year expected to reach US$1.03 billion.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the United States, Canada, Japan, Israel, and Saudi Arabia are the top five largest markets for Vietnamese tuna products.

The US was the country’s largest tuna export market, with 11-month turnover edging up 56% compared to the same period from last year to bring in US$461 million.

Canada ranked second with turnover achieving US$48 million, up 75% year on year. In addition, the other three major export markets, including Japan, Israel, and Saudi Arabia recorded turnover of US$38 million, US$31 million, and US$28 million, showing respective increases of 58%, 17%, and 387%.

Bamboo Airways leads in 11-month on-time performance

Bamboo Airways came out top among Vietnamese airlines in terms of punctuality over the last eleven months, according to a report released on December 27 by the Civil Aviation Authority of Vietnam (CAAV).

The report gave details of the flight on time performance (OTP), as well as delayed and cancelled flights across the country throughout the reviewed period, indicating that Bamboo Airways had a punctuality rate of 95.2%

This was followed by national flag carrier Vietnam Airlines and Vietjet Air, with respective average OTP rates of 86.7% and 87.7%.

The agency noted there are six major reasons behind the delay and cancellation of flights, including equipment and services at the airports, aviation management, weather conditions, airlines’ operations, and the late return of aircraft.

The authority reported that throughout the 11-month period, the overall rate of flight delays in the sector stood at 10.9%. Bamboo Airways had the lowest rate among the three major Vietnamese airlines with 4.8%, while those of Vietnam Airlines and Vietjet Air were at 12.3% and 13.3%, respectively.

Simultaneously, the cancellation rate of the domestic aviation industry during the period was 0.4%, an annual decline of 1.5 points. In addition, Bamboo Airways recorded the lowest rate of flight cancellations with 0.1%.

The CAAV said during the peak period of the Lunar New Year, domestic airlines are expected to operate between 950 and 990 flights per day on domestic routes, equivalent to over 1.7 million seats. This marks an overall increase of more than 33% compared to the regular flight schedule from the previous winter.

Viet Nam – a bright spot in the global economic landscape
     
Foreign experts have dubbed the Vietnamese economy as a miracle in Asia and a bright spot of economic growth in Asia-Pacific as a result of the Vietnamese Government’s sound and effective economic management policies.

"Let Viet Nam’s success story be told to the world," said CEO of HSBC Vietnam Tim Evans at a conference between the Vietnamese Prime Minister and foreign-invested firms in early September.

As well as the CEO, representatives of many foreign financial organisations, officials and media also expressed their impression of Viet Nam’s rapid recovery this year amid the global economic uncertainties.

Meeting President Nguyen Xuan Phuc as part of the APEC Economic Leaders’ Week 2022 in Thailand, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva hailed Viet Nam as a spotlight of growth and stability in the region, with an open and dynamic economy that is resilient to COVID-19 pandemic.

The IMF's Asian Economic Outlook, released in October, forecast that Viet Nam's GDP growth would reach 7 per cent this year, leading the group of five emerging economies in ASEAN (ASEAN-5). The World Bank also predicted that Viet Nam's economy would lead the East Asia-Pacific region with a growth rate of 7.2 per cent in 2022. Japan’s Nikkei Asia said Viet Nam’s post-pandemic recovery momentum topped the Southeast Asia and ranked eighth globally.

The brightest spot of the Vietnamese economy in 2022 is its ability to keep inflation relatively low as countries around the world are struggling with galloping inflation and rocketting prices.

Dominic Scriven, Executive Chairman of the UK’s Dragon Capital Group, said Viet Nam seemed less impacted by global uncertainties caused by food and energy crises this year. He praised Viet Nam as a major and stable manufacturer with considerable energy production capacity while the volume of petrol import is not too large compared to the size of the whole economy.

According to the IMF’s report, Viet Nam's economy has recovered quickly following the easing of COVID-19 control measures, adoption of a strategy for living with COVID-19 and acceleration of the mass vaccination campaign.

The Vietnamese Government has performed support policies such as low interest rates and strong credit growth, allowing businesses to quickly resume production when the economy reopened. Tax cuts and support for workers under the socio-economic recovery and development programme helped the economy regain momentum.

Country Director of the Asian Development Bank in Viet Nam Andrew Jeffries, said that the Vietnamese economy recovered faster than expected in the first half of the year. This result was supported by solid macroeconomic balances, flexible monetary policy and a steady recovery in the processing, manufacturing, services and domestic consumption sectors.

Viet Nam's prudent monetary policy and effective control of prices of petrol, electricity, food, health care and education services would keep inflation at 3.8 per cent in 2022 and 4 per cent in 2023, he said.

Prof. David Dapice from Harvard University’s Kennedy School of Public Policy pointed out that increasing FDI inflow into Viet Nam had kept the country's economy in a better position compared to others. During the 11 months of this year, FDI disbursement rose by over 15 per cent year-on-year. The WB also believed that investment was one of the four economic growth driving forces of Viet Nam this year.

Sharing the same view, Vincenzo Caporale, an expert on the Southeast Asian studies, said Viet Nam benefited from major companies moving production to the country to take advantage of its low costs, developed infrastructure, pro-business environment, and success in minimising the pandemic's economic impacts.

WB chief economist Andrea Coppola said the synchronous adjustment and coordination of policies to adapt to changes would be the key for Viet Nam's economy to overcome strong headwinds, both externally and internally, to continue to be a bright spot of post-pandemic growth. 

Industrial sector reports 9% growth in 2022
     
Viet Nam's industrial sector grew by 9 per cent in 2022, according to a report published on Monday by the Ministry of Industry and Trade (MoIT).

Deputy Minister of Industry and Trade, Tran Quoc Khanh, said this year's 9 per cent growth reflected the sector's resilience and ability to adapt to the post-pandemic global economy.

In addition, the sector had stayed on the right course with a growing portion of high-tech, manufacturing/processing industries and a shrinking portion of natural resource extraction-based industries.

Export of manufactured and processed goods maintained good momentum to grow by 86 per cent this year, compared to 85.5 per cent the previous year.

This year, manufacturing and processing, which reported growth of 9.5 per cent, continued to be the main driver for the entire sector, contributing 86 per cent to the country's total export despite difficulties to secure orders in major industries such as footwear, textile, furniture and electronics.

SBV to push cashless payments in rural areas
     
Significant progress has been made in recent years to encourage the proliferation of cashless payments in remote and isolated parts of the country, according to the State Bank of Vietnam (SBV).

Several policies and programmes implemented by the SBV have allowed residents greater access to the banking system. Since 2015, the central bank has given the green light to several remote payment companies collaborating with commercial banks to bring classless payments to remote and isolated communities.

Deputy head of Agribank's customer services Dinh Quang Dan said there had been an upward trend in the number of new accounts created in the island and mountainous regions across the country, signalling a change in customers' behaviours and warmer attitude towards digital banking.

Mobile Money has played an important role in developing Viet Nam's cashless payment system, among many other financial solutions. The service has expanded to 72,000 POSs across the country, according to an SBV report.

More than half were located in rural, remote, isolated regions. During the last nine months of 2022, Mobile Money served some 14 million customers with a total transaction amount of VND167 trillion or US$7 billion.

According to industry experts, the largest obstacle so far has been the communities' reluctance to pick up new technologies and heavily entrenched cash-based spending habits.

A recent survey by the SBV indicated most people living in rural, remote and isolated communities showed little confidence in cashless payment security, with many saying they did not find the current services well-designed for everyday use.

Improved forex market helps central bank buy greenback
     
The foreign exchange market has been improved and the Vietnamese dong currently devalued by about 3.81 per cent against the US dollar compared to the beginning of this year, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said on Tuesday.

At a press conference to implement works of the banking industry in 2023 held on Tuesday, Tu said the devaluation rate of the dong was lower than that of many countries in the world.

According to Tu, maintaining the exchange rate stability was one of the most difficult tasks for the SBV in 2022. However, the local forex market is basically going smoothly and credit institutions can meet the legal foreign currency needs of customers.

Notably, he said, after it was forced to sell a large amount of greenback earlier in the year to support the dong, the SBV now can buy the US dollar to increase the nation’s foreign exchange reserves thanks to the improvement in the forex market.

As for credit, Tu said the credit of the banking system as of December 21 this year rose by 12.87 per cent compared to the end of 2021 and 13.96 per cent year-on-year to more than VND 11.78 quadrillion.

He said the credit continually focused on production and business while having been controlled to potentially risky sectors. Of which, outstanding loans of 23 policy credit programmes of the Bank for Social Policies as of November 30, 2022, reached about VND279.73 trillion, an increase of 12.81 per cent compared to 2021, with more than 6.4 million customers.

According to Tu, based on the 2022 credit growth target of about 14 per cent, the SBV managed the credit granting to meet capital needs for production and business, and support economic recovery, but it wasn’t cautious with inflation risks.

The SBV directed credit institutions to ensure credit growth safely and effectively, with focus on the Government’s priority industries and strict control of potentially risky areas such as investment in corporate bonds, securities and real estate.

Vietjet offers more options to explore Kazakhstan with new route from Nha Trang

Vietjet offers a new option for travelers from Vietnam to explore Kazakhstan with a new route from Nha Trang to the capital Astana with just 9-hour long direct flights on every Wednesday and Sunday, besides the Nha Trang - Almaty route.

Passengers can purchase tickets flying with Vietjet between Vietnam and Kazakhstan at the website www.vietjetair.com, Vietjet Air mobile app or at Vietjet’s worldwide official ticket offices and agents. A 20% off promotion for all international routes is available every Monday along with free payment fees when booking and paying via Vietjet SkyClub.

Source: VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes