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Business

Ample room for Vietnam – Egypt economic cooperation

Vietnamese Ambassador to Egypt Nguyen Huy Dung says Vietnam and Egypt have numerous opportunities to foster their economic and trade ties as both countries are now moving into the post-pandemic period.

Bac Giang seeking to sell 180,000 tonnes of lychees

Authorities in the northern province of Bac Giang are seeking ways to help local farmers sell around 180,000 tonnes of lychee.

Vietnam’s internet economy worth 21 billion USD last year

Vietnam’s internet economy was valued at about 21 billion USD in 2021, contributing to 5 percent of GDP and rising seven-fold from 2015.

Solutions sought to help Vietnam's aviation industry take off

Vietnam’s aviation industry needs to improve to keep up with the global market as flights resume following the pandemic, Deputy Minister of Transport Le Anh Tuan has said.

Supportive solutions needed for enterprises

Supportive solutions for businesses need to be implemented faster and stronger to improve the capacity of businesses and increase linkage among them, according to experts.

Growth target of 6.5 percent remains big challenge: Deputy PM

The targets set for 2022, including the growth target of 6-6.5 percent, remain a huge challenge given the domestic and international situation, Deputy Prime Minister Le Van Thanh said at the third session of the 15th National Assembly in Hanoi.

Retail petrol prices keep rising, set new record

Retail prices of petrol in Vietnam rose by nearly VND700 to more than VND30,000/litre on May 23, setting a new record in the domestic petrol market.

ASEAN has been a huge potential market for Vietnamese rice, and export firms should have a strategy to expand in the market of nearly 700 million people with similarities in culture and lifestyles, an official has said.

More Business

HCM City growth remains an X factor: foreign investors(05/23/2022)
Cashless payment market for workers to be held in HCM City(05/22/2022)
Deputy PM Le Minh Khai to attend WEF Annual Meeting 2022(05/21/2022)
Businesses require support in digital transformation(05/21/2022)
Sluggish tourism projects in Ba Ria-Vung Tau terminated(05/20/2022)
Vietnamese banks expected to get better credit ratings(05/20/2022)
Japan inflation hits seven-year high(05/20/2022)

Buyers seek loan help

The pandemic as a force majeure event has crippled people’s ability to meet loan repayment requirements, the State Bank of Vietnam and commercial lenders have taken measures to deal with worrisome property assets.

Finance

Vietnam striving for higher sovereign credit ratings by 2030

Deputy Prime Minister Le Minh Khai has approved the sovereign credit rating improvement project by 2030, part of an effort to make Vietnam a developing and upper-middle-income country with modern industry.

The State Bank of Vietnam has urged lenders to not relax credit approval conditions but set tighter control on foreign currency lending and granting loans in high-risk sectors.

Despite the negative impact of the COVID-19 pandemic, the remittance flow to the country throughout 2021 reached more than US$12 billion, an increase of 10% compared to 2020, according to data published by the State Bank of Vietnam (SBV).