Stronger reforms needed to facilitate economic performance: PM Business

Stronger reforms needed to facilitate economic performance: PM

Addressing the Government’s meeting on October 2, Prime Minister Nguyen Xuan Phuc requested ministries, sectors and localities to push ahead with stronger reforms to promote production and business activities amid several challenges to and problems of the economy.
HCM City's retail sales remain strong Business

HCM City's retail sales remain strong

Ho Chi Minh City’s retail sales and services grew by 12.2 percent year-on-year in the first half to nearly 600 trillion VND (25.8 billion USD), according to its Department of Industry and Trade.
Over 73 percent of Vietnamese firms unable to access credit Business

Over 73 percent of Vietnamese firms unable to access credit

More than 773,000 out of over 1 million firms in the country, or 73.4 percent, are unable to access credit, it was reported at a conference on promoting access to credit held by the National Credit Information Centre (CIC) in Ho Chi Minh City on June 18.
State Bank to continue stepping up administrative reform Business

State Bank to continue stepping up administrative reform

Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu has stated that the SBV will continue stepping up administrative reform in the near future, with a focus on improving the business environment in monetary and banking fields, and corporate support.
State Bank vows to flexibly direct monetary policy Business

State Bank vows to flexibly direct monetary policy

Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong has affirmed that the SBV will direct monetary policy in a proactive, flexible, and cautious manner, and in harmony with fiscal and other macro-economic policies to curb inflation, maintain macro-economic stability, and fuel economic growth.
Foreign investors set sights on poorly-performing banks Business

Foreign investors set sights on poorly-performing banks

Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen Tri Hieu.