Banks propose SBV increase credit space
Banking & Finance

Banks propose SBV increase credit space

In order to implement a 2 per cent interest rate support program on loans to corporates, cooperatives, and business households, banks have proposed the State Bank of Vietnam (SBV) consider increasing credit space. The SBV remains cautious, however, out of concern that this may affect inflation and macro-economic stability.
S&P raises sovereign credit rating
Vietnam Today

S&P raises sovereign credit rating

S&P raised its long-term sovereign credit rating on Vietnam to “BB” with a “stable” outlook on May 26. It also raised the country’s national credit rating after recognizing that the economy is on a solid recovery track with appropriate economic recovery policies.
PM suggests Intel furthers investment
Vietnam Today

PM suggests Intel furthers investment

Prime Minister Pham Minh Chinh welcomed Mr. Patrick Gelsinger, CEO of the Intel Corporation, to government headquarters on May 27. He suggested the corporation support Vietnam in developing its digital ecosystem, startup ecosystem, innovation, an investment ecosystem, and a research center.
Bottlenecks in real estate need resolution
Property

Bottlenecks in real estate need resolution

Analysts told the “Removing obstacles and promoting investment in the real estate sector” seminar on May 27 that it is necessary to quickly remove bottlenecks in the market so that it will not affect other markets. Real estate currently accounts for 25 per cent of GDP and involves at least 40 industries.

VET Exclusive

Vietnam Today

PM suggests Intel furthers investment

PM suggests Intel furthers investment

Prime Minister Pham Minh Chinh welcomed Mr. Patrick Gelsinger, CEO of the Intel Corporation, to government headquarters on May 27. He suggested the corporation support Vietnam in developing its digital ecosystem, startup ecosystem, innovation, an investment ecosystem, and a research center.

Investment

Public investment disbursement needs boost

Public investment disbursement needs boost

At a recent meeting to review disbursement in public investment projects, Minister of Transport Nguyen Van The said that project management boards and investors need to focus on determining disbursement needs in each project and summarize plans every month.

Banking & Finance

Banks propose SBV increase credit space

Banks propose SBV increase credit space

In order to implement a 2 per cent interest rate support program on loans to corporates, cooperatives, and business households, banks have proposed the State Bank of Vietnam (SBV) consider increasing credit space. The SBV remains cautious, however, out of concern that this may affect inflation and macro-economic stability.

Business

Vietnam attractive to Indian and China companies

Vietnam attractive to Indian and China companies

A survey by HSBC has revealed that 21 per cent of Indian companies that are planning to set up operations in Southeast Asia will expand their business in Vietnam over the next two years, while 26 per cent of Chinese businesses in Vietnam are also aiming to prioritize growth in the country.
Solutions proposed for developing logistics in Mekong Delta

Solutions proposed for developing logistics in Mekong Delta

According to analysts at the “Completing the logistics chain for agricultural products in the Mekong Delta” forum on May 26, solutions to boosting logistics in the region include attracting investment from private enterprises, establishing joint ventures with foreign enterprises, and dredging the Dinh An - Can Tho Waterway to allow container vessels to directly connect with Singapore and other markets.

Society

MoLISA proposes increase to minimum wage

MoLISA proposes increase to minimum wage

The Ministry of Labor, Invalids and Social Affairs (MoLISA) has proposed that the minimum wage be increased by an average of 6 per cent, effective from July 1. Due to Covid-19, it has been more than two years since the minimum wage was last adjusted, which is normally done annually, meaning it no longer guarantees a minimum standard of living.