Mekong Delta region makes up 18 percent of GDP Business

Mekong Delta region makes up 18 percent of GDP

Mekong Delta localities collected more than 243.2 trillion VND (10.46 billion USD) for the budget in 2016-2018, and made up 18 percent of the country’s GDP, according to an official from the Ministry of Planning and Investment (MPI).
OMO rates cut to support growth Business

OMO rates cut to support growth

The State Bank of Vietnam (SBV) late last week announced its first interest rate cut in the open market operation (OMO) in the past five years.
Bank profits enable rate cuts Business

Bank profits enable rate cuts

The banking sector’s profits were anticipated to rise significantly in 2017, driven by the handling of bad debts and the recovery of the property sector.
Banks given higher credit limits Business

Banks given higher credit limits

The State Bank of Vietnam (SBV) has approved the extension of credit growth limits for many commercial banks to support the country’s economic growth.
Coal output cut in new master plan Business

Coal output cut in new master plan

The total capital demand of the domestic coal sector by 2030 would be around 269 trillion VND (11.9 billion USD), 2.5 times less compared with the previous master plan.
Vietnam credit growth rises Business

Vietnam credit growth rises

Credit growth by February 20 rose 0.39 percent while capital mobilisation increased 0.34 percent against December last year, a government report released early this week said.