The mechanical engineering industry needs supportive policies from the Government to enhance its competitiveness during the fourth industrial revolution, officials and industry experts have said.
The banking sector reported a credit growth of 7.33 percent in the first half of this year compared to the end of 2018, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said.
Vietnam is making concerted efforts to improve the quality of information disclosure and transparency of corporate bond issues and listings to develop a healthy bond market and reduce risks for investors.
Developing the transport network in the south needs closer regional linkages and solutions to respond to climate change threats, Duong Nhu Hung of the Ho Chi Minh City University of Technology has said.
The State Bank of Vietnam (SBV) and credit institutions are set to augment efforts in the coming time so as to promote people and businesses’ access to credit.
The credit growth of Vietnamese banks in the first five months of this year expanded by 5.07 percent against the end of 2018, the State Bank of Vietnam (SBV) reported.
Despite credit growth among Vietnamese credit institutions remaining low this year, experts are not concerned about the slowdown, saying it was a good sign for the economy.
A fifth of all Vietnamese enterprises do not have access to financial loans, according to the Vietnam Chamber of Commerce and Industry (VCCI).
The HCM Real Estate Association (HoREA) has suggested the State Bank of Vietnam (SBV) extend the application of regulations on banks’ maximum ratio of short-term funds used for medium- and long-term loans until the end of 2020.
The People’s Committee of Ho Chi Minh City has instructed the city’s tourism sector and authorities of its five suburban districts to develop agri-tourism and other tourism services.
Small- and medium-sized enterprises (SMEs) are unable to borrow from banks because they do not have property to mortgage, Tran Viet Anh, Vice Chairman of the HCM City Business Association, has said.
Domestic and foreign delegates to the second Asia-Pacific Cooperative Registrars’ Forum in Ho Chi Minh City on April 18 emphasised the need to complete a legal framework to facilitate the development and effective operations of cooperatives.
Vietnam aims to make the size of its stock market equal to 100 percent and 120 percent of the gross domestic product (GDP) in 2020 and 2025, respectively.
The HCM City Department of Transport aims to have 75 percent of the new buses running on clean fuel by the end of 2020.
Amid widespread expectations that the central bank will continue to pursue its tight credit policy, especially to risky areas like real estate, in 2019 property developers are looking at other sources for funds.
Vietnamese companies are depending too much on bank loans, and when the number of companies increases, it will reduce their chance of receiving financing from financial institutions.
The Mekong Delta province of Ben Tre is striving to attract more investment in high-tech agriculture, given that it boasts nearly 100,000ha of coconut trees, specialty fruits and nearly 10 million ornamental plants.
The Mekong Delta province of Kien Giang plans to improve infrastructure at six industrial clusters by 2020 and 14 by 2025 to improve the production value of its industries.
