Hanoi (VNS/VNA) - A crowded moon cake market has caused a drop in sales for many stalls ahead of Mid-Autumn Festival. The big day is on October 1 – the 15th day of the 8th month on the lunar calendar, but the moon cake market is still quiet. Popular moon cake brands like Kinh Do, Nhu Lan, Dong Khanh, Hanoi Confectionery and Thu Huong Bakery are traded on stalls in the most crowded areas in Hanoi and HCM City. Despite an increase in discounts and promotions, fewer people are shopping at moon cake stalls than last year. Nguyen Thi Huong, the owner of a moon cake stall on Pham Van Dong Street in HCM City’s Thu Duc District has struggled this year. “I have to use a 'buy 1 get 1' board to attract customers but some just stop to see the price list. Some still buy the products but they are much fewer than ever before," she said. Le Minh Tam, who runs a moon cake stall on An Duong Vuong Street, District 5, told Tin Tuc newspaper: … [Read more...] about Moon cake market competition heats up
State street institutional us government money market fund
Banks out of loop, government fund to lend directly to startups
Nguyen Trong Hieu, deputy head of the Institute of Business Studies and Development, said though the fund could not lend to more than 5 percent of the total number of SMEs in the country, it is still a major step in supporting startups, which are struggling to access bank credit. … [Read more...] about Banks out of loop, government fund to lend directly to startups
Vietnamese firms connect with potential partners at Singapore forum
Huong said the forum provided a chance for Vietnamese firms to learn more information, connect with partners to expand operations in the region and the world, and find resources to boost production. It was also an occasion for them to seek Singaporean and international enterprises interested in investing in Viet Nam through mergers and acquisitions (M&As). … [Read more...] about Vietnamese firms connect with potential partners at Singapore forum
HCM City speeds up disbursement of public capital
HCM City (VNA) – Ho Chi Minh City is taking drastic measures to promote disbursement of public funds, which plays an important role in economic development amidst the COVID-19 pandemic. According to the municipal People’s Committee, nearly 32 trillion VND (1.38 billion USD) was disbursed as of December 31, 2020, some 27.3 trillion VND of which came from the city’s budget (accounting for 74.1 percent of the assigned plan) and the remainder from the state budget (equivalent to 57.2 percent of the plan). Director of the municipal Department of Planning and Investment Le Thi Huynh Mai said the results did not live up to expectations of the Government and the city leaders, pointing out tardy disbursement of the Official Development Assistance (ODA) capital affected the city’s outcomes. Since the state budget year 2020 will end on January 31, 2021, the department will ask investors to speed up the work, striving for the disbursement rate of 95 percent for the … [Read more...] about HCM City speeds up disbursement of public capital
RCEP: local enterprises stepping firmly forward
On November 15, four months after the EU-Vietnam Free Trade Agreement (EVFTA) took effect, Vietnam and other ASEAN member countries officially signed the RCEP agreement with five big partners – Australia, China, Japan, the Republic of Korea (RoK) and New Zealand. … [Read more...] about RCEP: local enterprises stepping firmly forward