Digital financial services are also gaining momentum as more small-and-medium-sized businesses have become receptive to accepting online payments. Digital payments are set to grow from 600 billion USD in 2019 to 620 billion USD in 2020 and could reach 1.2 trillion USD by 2025. … [Read more...] about Vietnam’s digital economy to reach US$14 billion this year
Growing economy
‘Say No’ to rhino horn consumption in Việt Nam
Rhino horn is valued in countries like China and Việt Nam for medicinal benefits even though there is no scientific evidence to back these claims. Horns can be sold for high prices on the black market. However, there are indications that the price has fallen recently in Viet Nam, due in part to a rhino horn demand-reduction campaign launched in 2013 by HSI and the Vietnamese government. This multi-faceted campaign has reached an estimated 37 million people – approximately one third of the population. … [Read more...] about ‘Say No’ to rhino horn consumption in Việt Nam
Son La ships 30 tons of fresh mangoes to US
The fruits are selected in orchards in Mai Son district. According to the exporter, the Kim Nhung Produce Trading Limited Company, mangoes grown at Mai Son are of high quality, boast a nice appearance, and are of a standard weight and size suitable for the US market. … [Read more...] about Son La ships 30 tons of fresh mangoes to US
Czech newspaper: Vietnam – bright spot in COVID-19 combat, economic growth
The author cited the World Health Organization (WHO) as saying that Vietnam is one of the few countries that can contain the epidemic well. Thanks to those successes, Vietnam has provided timely assistance such as face masks and medical supplies for many countries. Vietnam is also one of the economies with the highest growth over the past five years, with an annual average growth rate of 6.8 percent during 2016-2019 and nearly 3.0 percent in 2020 when the majority of countries worldwide experienced minus growth. The article lauded Vietnam’s efforts in international economic integration to attract resources for national development, as marked by the signing of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) agreement, the EU-Vietnam Free Trade Agreement (EVFTA) and the Regional Comprehensive Economic Partnership (RCEP) agreement. With its policy of multilateralising and diversifying international relations, Vietnam has enhanced external affairs, both … [Read more...] about Czech newspaper: Vietnam – bright spot in COVID-19 combat, economic growth
Promoting consumer finance to fight black credit: experts
HCM City (VNA) - Promoting consumer finance and simplifying procedures for loan applications would be a priority for commercial banks, financial companies and microfinance institutions as part of efforts to limit black credit, a conference heard in Ho Chi Minh City on January 20. Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu considered abolishing black credit as one of the important tasks that has been continuously implemented across the whole credit institution system in Vietnam. In recent years, the SBV and credit institutions in localities have been cocoordinating with the Ministry of Public Security and local authorities in implementing drastic measures to limit black credit. In the future, the SBV will continue improving the awareness of local people about credit policies, loan packages and procedures for loan applications so that local people could easily access bank loans. Meanwhile, the State Bank will study and soon complete legal documents … [Read more...] about Promoting consumer finance to fight black credit: experts
