Market penetration vs market development

With a network of branches and transaction offices that have spread all over the country, the SBV has instructed credit institutions to diversify banking products and services, reduce interest rates and simplify lending procedures in order to facilitate people’s access to credit packages through official channels, Ha Thu Giang, Deputy Director of Department of Credit for Economic Sectors under the SBV said. … [Read more...] about Development of consumer finance: vital to fight black credit

Hanoi (VNA) - The Hanoi Department of Tourism has decided to concentrate resources on promoting the domestic tourism market this year and will prepare to welcome international arrivals when conditions allow. The goal was unveiled at a conference held by the Department of Tourism on January 20 to deploy tasks for 2021. According to the department's Director Dang Huong Giang, it has compiled three growth scenarios for the sector. One projects an early recovery that allows Hanoi to welcome 15.34 million domestic visitors, double the figure in 2020. An early recovery would mean the normal operation of services and accommodation facilities, with average occupancy exceeding 45 percent.      The sector has also set out an overall target of catering to between 13.16 and 19.4 million tourists, including 10.96-15.34 million domestic visitors. Products to be launched to stimulate domestic tourism will cover key destinations in the capital such as the Thang Long Ancient … [Read more...] about Hanoi to focus on fuelling domestic tourism in 2021

According to Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến, procedures needed to export bird’s nests to China are almost completed. Việt Nam expects to ship the first batch of this product to China in the first quarter of 2021, the world’s largest bird’s nest consumption market. … [Read more...] about Bird’s nest exports set to soar

Hanoi (VNS/VNA) - Experts have pointed out lots of opportunities for Vietnamese and Indian enterprises in the pharmaceutical industry in Vietnam. In an effort to promote trade and investment in the pharmaceutical sector, the Embassy of India, the International Investment Promotion Alliance, the Association of Foreign Invested Enterprises and the Vietnam Chamber of Commerce and Industry (VCCI) organised a seminar in Hanoi on January 21 to connect experts and enterprises from the two countries. According to the embassy, India was popularly known as the pharmacy of the world, earning its credibility as one of the largest manufacturers of generic drugs. It also said the Indian pharmaceutical sector supplies over 50 percent of global demand for various vaccines, 40 percent of generic demand in the US and 25 percent of all medicine in the UK. Indian drugs are exported to more than 200 countries in the world, with the US being the key market. Indian pharmaceutical exports, … [Read more...] about Vietnamese, Indian pharmaceutical firms have great opportunities in Vietnam

About China Dynamics (Holdings) Limited (Stock Code: 476)China Dynamics (Holdings) Limited is a pioneer and a prominent player in China's new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power system and its key components. The Group has two production bases in Chongqing and it has developed its sales network in Mainland China, Hong Kong and the Philippines. … [Read more...] about China Dynamics Welcomes New International Investors