SBV to keep tight control over credit
Banking & Finance

SBV to keep tight control over credit

The State Bank of Vietnam (SBV) will continue to restructure the network of credit institutions and keep credit conditions tight, strictly controlling loans for risky endeavors such as real estate, securities, build-operate-transfer (BOT) projects, and corporate bonds. It will also focus on promoting digital transformation and non-cash payments and perfecting documents on banking activities.
Ba Ria-Vung Tau looks to urban areas
Property

Ba Ria-Vung Tau looks to urban areas

According to the land use orientation adopted by southern Ba Ria-Vung Tau province, the total space for urban area development is expected to be about 90,000 ha by 2050. The orientation will comply with sustainable development requirements and exploit the production capacity of key economic sectors.
More flights to take to the skies
Business

More flights to take to the skies

The Civil Aviation Authority of Vietnam (CAAV) has officially increased flight frequency on certain international routes and is closely monitoring the situation with a view to actively increasing domestic flights when many routes post occupancy rates of up to 90 per cent as Tet approaches.
Savills & YSL Group to cooperate in Vinh Phuc industrial park project
Property

Savills & YSL Group to cooperate in Vinh Phuc industrial park project

Savills Vietnam and the YSL Group have signed an agreement on the Nam Binh Xuyen Green Park project in northern Vinh Phuc province. The industrial park project has an area of 295 ha and will come into operation in the second quarter of 2023. It is expected to attract investors in high value-added fields such as electronic components and data centers, bringing a smart and modern ecosystem.

VET Exclusive

Vietnam Today

More policies needed for economic recovery and development

More policies needed for economic recovery and development

Vietnam’s macroeconomic situation in 2021 saw many positive results, laying an important foundation for economic growth in 2022. However, with many difficulties still in place, it is necessary to adopt more suitable policies and measures to support businesses and individuals in order to recover and sustainably develop the economy this year.

Investment

Feasibility study on way for expressway in Dong Thap

Feasibility study on way for expressway in Dong Thap

The Ministry of Transport (MoT) has assigned the My Thuan project management board to prepare a feasibility study on the construction of the first phase of the My An - Cao Lanh Expressway in the Mekong Delta’s Dong Thap province. The project is 26 km in length, with total investment of more than VND4.77 trillion ($208.6 million).

Banking & Finance

SBV to keep tight control over credit

SBV to keep tight control over credit

The State Bank of Vietnam (SBV) will continue to restructure the network of credit institutions and keep credit conditions tight, strictly controlling loans for risky endeavors such as real estate, securities, build-operate-transfer (BOT) projects, and corporate bonds. It will also focus on promoting digital transformation and non-cash payments and perfecting documents on banking activities.

Business

Better days ahead for labor market

Better days ahead for labor market

According to the Ministry of Labor, Invalids and Social Affairs (MoLISA), Vietnam’s labor market will see positive signs in 2022 despite the impact of the pandemic, especially in the first quarter, when businesses promote production and other activities to complete orders for the Lunar New Year (Tet) holiday.
Scrap imports require environmental protection deposit

Scrap imports require environmental protection deposit

From mid-January, enterprises wanting to import scrap from overseas as raw materials must make an environmental protection deposit, in order to ensure responsibility is taken for handling the risk of environmental pollution that may arise from such shipments.

Society

PM seeks speeding up of vaccinations

PM seeks speeding up of vaccinations

Prime Minister Pham Minh Chinh has signed an Official Letter on speeding up vaccinations and stepping up the implementation of Covid-19 prevention measures, asking the Ministry of Health to ensure sufficient vaccines and drugs are available and to continue to learn from international experience and consult with experts.