Employees finding new jobs in midst of COVID-19

Since credit has been growing slowly because of low demand from businesses, commercial banks have increased the number of consumer loans to ‘liberate’ their plentiful capital.

How should Vietnam attract talented people, and accept their differences to develop? On the topic of aspirations for Vietnam to rise up and catch up with modern, civilized countries, VietNamNet spoke with senior economist Tran Dinh Thien.

Leather & footwear sector unlikely to meet US$24bln export target

Hotel rates down steeply as COVID-19 keeps away tourists

VietNamNet would like to introduce an article by Party General Secretary and President Nguyen Phu Trong, entitled “Prepare and organize the National Party Congress well, bring the country into a new stage of development". 

Deposits at banks continue to increase, though deposit interest rates have been decreasing. With plentiful capital, banks are inviting individuals who want to borrow money to buy houses and cars.

Vietnam’s GDP growth this year can reach 2 – 3 percent, according to former director of the General Statistics Office (GSO) Nguyen Bich Lam.

Tourism industry looks to bounce back

Ministers and leaders of People’s Committees of cities and provinces nationwide are required to remove difficulties and promote the disbursement of public investment as well as production, business and consumption.

Despite a credit slowdown in the first half of 2020, some private commercial banks have still asked the State Bank of Vietnam (SBV) for a credit growth expansion to prepare for a peak lending season expected at the end of the year.

The Ministry of Planning and Investment (MPI) has been asked to meet the goal of 6-6.5% GDP growth in 2021.

Local banks have continued slashing deposit rates to as low as 2.5% per annum, in tandem with the Government’s principle of lowering lending rates to support borrowers.

Automobile manufacturers usually incur a loss for the first 5-10 years of operation, but some of them have had to give up the game because they could not afford the high costs.

Banks ask for higher credit quota to prepare for peak lending season

The fight against trade fraud became even tougher after the US-China trade war broke out in 2018, according to Director of the Post-Customs Clearance Inspection Department Nguyen Tien Loc.

Keeping NPLs ratio below 3 percent a challenge: experts

Starting new companies with ambitious plans, many young bosses have had to ‘give up the game’ because of the competitive playing field.

Nations have closed borders, economies are isolated, and supply chains are fragmented. And Vietnam's economy is no exception.

COVID-19 has interrupted the country’s journey to become a high-performing economy, but the right structural adjustments could help get it back on track, according to McKinsey & Company, a leading US consultant firm.