Business

Vietnam economy still on recovery track: WB

 Vietnam economy still on recovery track: WB

The Vietnamese economy remains on track despite the impact of the COVID-19 pandemic, but greater attention should be paid to maintaining the fiscal and financial stability, according to the World Bank in its September 2020 update.

Foreign experts come to speed up HCM City metro project

More foreign experts have come to HCM City to hasten a local metro project which is expected to have its first train arrive in October.

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Vietnam targets 6.5% GDP 2021 growth

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

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Hanoi struggles to find drivers for metro line

Nhon-Hanoi Station metro line is expected to go into operation in late 2021 but Hanoi authorities have only received 60 applications for the line's drivers.

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Work starts on VND2.6 trillion coastal road through Nam Dinh

The People’s Committee of Nam Dinh province held a ceremony in Giao Thuy district on September 18 to commence the construction of a coastal road running through three districts in Nam Dinh province.

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Various measures proposed to help ease Covid-19-hit enterprises

The Prime Minister's Advisory Council for Administrative Procedure Reform has recommended different measures to help mitigate challenges for enterprises in Vietnam due to the impact of the Covid-19 pandemic.

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Hundreds in Khanh Hoa strike over contracts

Hundreds of workers at a garment company in Khanh Hoa Province went on a strike to protest against a salary cut.

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Danang continues closing bars, karaoke parlours

The central city of Danang has largely reopened as Covid-19 has been brought under control in the country, but the city has still banned the operation of bars, karaoke parlours and discos.

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As many as 706 enterprises, 85 percent of 832 listed companies on the Vietnamese stock market, generated profits during the third quarter of this year.

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The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

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Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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