Reached of the goal

Thien Long Group wins Ho Chi Minh City Brand Award 2020 Tran Minh Hung, editor-in-chief of Saigon Economic Times group and chairman of the judging panel, commented that the awardees of the Ho Chi Minh City Brand Award 2020 have all given an excellent account of themselves in community development, reflected through economic and social contributions; investment in environmental protection and sustainable development strategies; as well as consumer care. … [Read more...] about Thien Long Group wins Ho Chi Minh City Brand Award 2020

Hanoi (VNA) - Collecting public feedback on the draft documents to be submitted to the upcoming 13th National Party Congress is a vivid illustration for the Communist Party of Vietnam (CPV)’s efforts to ensure democracy in the Party, said Vice Chairman of the Party Central Committee’s Commission for Mass Mobilisation Nguyen Phuoc Loc. In a recent interview with the Vietnam News Agency’s reporter on the threshold of the 13th National Party Congress, Loc said that the Party Central Committee's Commission for Mass Mobilisation had joined hands with the Vietnam Fatherland Front and socio-political organisations at the central level to hold 24 meetings to collect public feedback on the draft documents, with a view to engaging the whole people in the outlining of policies to develop and protect the nation in the new situation. This showed the close relationship between the Party with the people as well as the nation’s solidarity, he stressed. The draft documents to … [Read more...] about CPV ensures democracy through public feedback on draft documents

Employers qualifying for the program must pay 50% of the basic wage in advance and they can take out loans at just 50% (less than VND2 million) for each staff member. For instance, a company with 100 workers can borrow only VND200 million. Therefore, many firms have shifted to other credit sources, An explained. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers

Vietnam to allow EU credit institutions to hold 49% shares at two banks Vietnam is committed to allowing credit institutions of the European Union (EU) to hold up to 49% shares at two joint stock commercial banks in Vietnam when the European Union-Vietnam Free Trade Agreement (EVFTA) takes effect.   … [Read more...] about Vietnam’s credit institutions must speed up restructuring to meet deadline

Regarding the credit structure, Nguyen Quoc Hung, director of the SBV’s Credit Department, said credit for agricultural production expanded 0.3% compared to end-2019; followed by that for exports (4.94%  versus 10% in the first six-month period of 2019); technology sector(2.92%); supporting industries (2.27%); and small and medium enterprises (-0.7%). … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period