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A programme to link banks and businesses helps add another channel for businesses to access preferential credit. — Photo nld.com.vn Four commercial banks signed agreements to provide loans worth a total of VND4.66 trillion (US$200 million) to 20 companies operating in HCM City-based industrial parks and export processing zones at a meeting connecting banks and businesses held here last week. The agreement is designed to help companies access credit in a timely manner in the context of increasing capital demand. Hua Quoc Hung, head of the HCM City Export Processing and Industrial Zones Authority (Hepza), said demand for funds among businesses was very high in this recovery period after the COVID-19 pandemic. "Companies have high demand for preferential credit to restore and expand production, but access to these sources of capital is still limited,” he said. According to the State Bank of Vietnam’s HCM City branch, this year, 13 banks in the city have registered to … [Read more...] about ​​​​​​​Banks provide preferential loans to enterprises

As major cities of Vietnam, Hanoi and HCMC will promote tourism in the northern and central regions of the country. The six North Central provinces need to cooperate with key localities of Hanoi and Ho Chi Minh City (HCMC) to attract more tourists and increase revenue. Lan Chau Island in Cua Lo Town, Nghe An Province. Photos: nghean.gov.vn This is key content discussed by more than 500 delegates from various ministries, international organizations and tourism businesses at a tourism forum, with the theme “Convergence of Quintessence - Enhanced Destination Experience”, held in the central province of Nghe An early this month. Nguyen Duc Trung, Chairman of Nghe An Provincial People's Committee pointed out that the forum was an event marking an important and comprehensive turning point in the cooperation between Hanoi and HCMC with the provinces of Ninh Binh, Thanh Hoa, Nghe An, Ha Tinh, Quang Binh and Quang Tri, in which Nghe An played the role of a tourism … [Read more...] about Experts look for ways to bolster tourism in North Central region

It was reported at the meeting that 47 out of the total 80 sub-items in the joint initiative have been well implemented as scheduled so far, 15 are underway, six make no progress, and work will start on 12 others in the time ahead. Do Nhat Hoang, head of the Foreign Investment Agency under the MPI, said Vietnamese ministries and agencies have coordinated with the Japanese side to implement commitments in the action plan of the initiative. Vietnam’s commitment to materialising the joint initiative manifests the government’s resolve to improve the domestic investment environment, he said. Many legal documents have been amended and adopted within the framework of the initiative, he noted, adding that Vietnamese ministries and agencies have also taken into consideration many recommendations of Japan during the consolidation process of fine-tuning laws and policies, as well as law enforcement. Envoy Okabe Daisuke from the Japanese Embassy emphasised that the two sides will continue … [Read more...] about Vietnam, Japan review joint initiative

Bac Giang Province is well known for being one of the main lychee-growing hubs in Vietnam, thus it comes as a surprise to many that the northern province also boasts a diversity of stunning landscapes. Despite being barely 50 kilometers from the capital city of Hanoi, Bac Giang remains an undiscovered tourist destination in northern Vietnam. Backpackers who visit Bac Giang during the summer will have the opportunity to savor lychees, immerse themselves in the magnificent scenery, and discover the region's centuries-old villages. Picking up lychees at Luc Ngan orchards Lychee is a summertime specialty fruit in the north, where it is cultivated in numerous locales. However, the most renowned lychee comes from Luc Ngan District in Bac Giang. The dulcet taste of the lychee fruits here distinguishes them from those available in other localities. Despite the medium size of the fruit, its seed is the size of a pea, allowing fruit enthusiasts to enjoy a satisfying bite after … [Read more...] about Don’t miss out on these experiences when visiting Bac Giang in northern Vietnam