Vietnamplus

The 8th meeting of the Council of ASEAN Chief Justices (CACJ) took place via videoconference on November 5.

The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and the Vietnam Bank for Agriculture and Rural Development (Agribank) will provide credit packages worth 60 trillion VND (2.5 million USD) and 100 trillion VND respectively to support customers amid the COVID-19 pandemic.

The central bank has applied a number of measures to help enterprises access banks’ credits and combine the sources with their own capital to continue their production and business.

Ho Chi Minh City is implementing programmes meant to create a launch pad for start-ups and offer favourable conditions for new companies to develop.

Vietnam’s foreign exchange reserves have reached approximately 79 billion USD so far this year, with a quarter of it bought by the State Bank of Vietnam (SBV), according to SBV Governor Lai Minh Hung.

In recent days, many domestic banks have lowered both deposit and lending interest rates for short-term VND loans to support businesses in the year-end months.

Vietnamese startups needs more support institutions and policies to reach their goals, said President of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc on December 2.

Vo Anh Kiet, Deputy Secretary of the Party Committee and Chairman of the People’s Committee of the Mekong Delta province of An Giang, has visited Islamic Cham people in Chau Phong commune, Tan Chau town on the occasion of their traditional Roya Haji festival.

The central province of Thua Thien-Hue will continue accelerating administrative reform to facilitate investment, while strengthening support to investors, especially in human resources training.

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.

A Japanese newspaper has heralded Ho Chi Minh City as a “Silicon Valley of Asia” thanks to its upgraded infrastructure and growing financial areas.

The production index of electronic goods for the first 10 months of the year increased by more than 17 percent year-on-year, according to the HCM City Department of Industry and Trade.

The Mekong Delta province of Hau Giang should invest over 3.5 trillion VND (150.5 million USD) in 22 projects in order to develop tourism services, improve the transport system, and support tourism activities towards 2025, advised Ngo Son Tung, who represents the consultation company for a project to boost the province’s tourism by 2020, with vision towards 2025.

Blockchain could bring a commercial benefit of 1 trillion USD, mostly for small- and medium-sized enterprises (SMEs) as well as for some newly-emerged markets which suffer most from a lack of access to credit and have ample room to grow trade, including Vietnam, according to a new report jointly released by Bain & Company and the World Economic Forum (WEF).

A forum on measures to improve capital access for small- and medium-sized enterprises (SMEs) took place in Hanoi on August 8, looking at difficulties of both firms and banks in the matter.

The Vietnamese cashew sector is calling for an 800 million USD credit package from commercial banks to better serve its exports, as heard at a seminar held in Ho Chi Minh City on July 6.

The southern province of Binh Duong earned over 9.2 billion USD from outbound shipments in the first five months of 2018, up 16.5 percent over the same period of 2017, according to Director of the provincial People’s Committee Nguyen Van Danh.

Hanoi’s industrial production index rose by 7.8 percent in the first five months of this year, said Director of the municipal Department of Planning and Investment Nguyen Manh Quyen.

National Assembly (NA) deputies and voters highly evaluated answers of State Bank of Vietnam (SBV) Governor Le Minh Hung at the NA fourth session’s question and answer part on November 17.

A new study has found that only 37 percent of women-owned SMEs in Vietnam have accessed bank loans in the last two years, compared to 47 percent of male business owners.