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Hanoi (VNA) - Indonesia’s central bank said signs of inflation accelerating might be seen in the fourth quarter but the bank would not immediately raise interest rates in response, Governor Perry Warjiyo said on January 25. Warjiyo told a briefing of senior editors the exit policy from monetary stimulus would probably start with Bank Indonesia mopping up excess liquidity, while interest rates would stay low until policymakers deemed there was a risk of high inflation. BI cut interest rates a total of 125 basis points and pumped more than 50 billion USD of liquidity into the financial system last year to help the economy weather the impact of the coronavirus pandemic. This year, BI has bought 25.9 trillion rupiah (1.85 billion USD) of bonds, Warjiyo said./. … [Read more...] about Indonesian central bank: signs of inflation pressure may be seen in Q4

According to the Ministry of Planning and Investment, since the fund was put into operation more than three years ago, it has helped SMEs enhance their operational effectiveness, increase profits, and create more jobs. Many firms have paid off loans early. … [Read more...] about Gov’t urged to develop legal framework for direct lending for SME development

Hanoi (VNA) – The Vietnamese Ministry of Industry and Trade is actively implementing a lot of supporting industry development programmes, given the great importance of supporting industries. Thanks to these programmes, Vietnamese businesses have been facilitated to apply modern quality management standards and systems, increase the quality of their products, and gradually participate in global supply chains. However, deputy head of the Science Institute on Small-and-Medium Enterprises Management (SISME) Nguyen Kim Hung said that businesses are facing difficulties in approaching credit, due to specific characteristics of supporting industrial production as well as the low starting point of small- and medium-sized enterprises. In this context, Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc stressed the need for mechanisms and policies to develop supporting industries, strengthen connectivity, take advantage of new markets, and expand supply channels and … [Read more...] about Vietnam’s supporting industries receive push to develop further

Viet Nam’s GDP size last year increased by about 1.4 times compared to 2015. The country completed the national target programme on new-style rural area building nearly 2 years ahead of the roadmap, with about 63 per cent of communes nationwide meeting the programme’s standard by the end of 2020, against the set target of 50 per cent. … [Read more...] about Vietnam posts remarkable economic achievements in 2016-2020 period