Vietnam is one of the best growing economies in the Southeast Asian region and the country has become an attractive destination for investment from all over the globe, according to an article recently posted on the Bangkok Post.
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.
While non-cash payments are admittedly on the rise, the cash payment habit and limited development of technology infrastructure are big problems for the country’s non-cash economy, experts have said.
The robust growth of hotels and resorts on Phu Quoc Island in the Mekong Delta province of Kien Giang has resulted in a shortage of workers in the tourism industry.
More than 4,900 children were abused in 2017, 2018 and the first six months of 2019, 80 percent of them suffered from sexual abuse, according to Deputy Minister of Labour, Invalids and Social Affairs (MoLISA) Nguyen Thi Ha.
Vietnam welcomed a record number of international arrivals in October, reaching nearly 1.62 million, up 34.3 percent year-on-year, according to figures released by the General Statistics Office (GSO)
Vietnam’s credit growth is slowing and can fall behind the central bank’s target of 14 percent for 2019, causing concerns that it could make it difficult for businesses to access bank loans during the remaining months of the year.
Several major banks have cut lending rates to offer timely support to customers, which is described as a positive sign, especially at the end of the year when the demand for loans increases.
Vietnam exported 194.3 billion USD worth of products in the first nine months of the year, a year-on-year surge of 8.2 percent, the Ministry of Industry and Trade said on September 30.
Officials from four southern provinces of Laos, central and southern provinces of Vietnam, and tourism-related businesses have gathered in Champassak province to discuss measures to draw more visitors to the two countries.
Brokerages proposed different scenarios for the movement of VN-Index from now until the end of the year depending on the world's economic growth prospects.
When they debuted, electronic books (e-books) were expected to thrive, but the e-book market in Vietnam has not been successful for a number of reasons.
Chinese investment is flowing into ASEAN once more as projects under the Belt & Road Initiative (BRI) see a recovery and ongoing trade tensions with the US are prompting Chinese companies to invest in parts of Southeast Asia, according to a report from Maybank Kim Eng.
The Vietnam – Romania Joint Committee on Economic Cooperation convened its 16th session in Bucharest, Romania on October 4 under the chair of Vietnamese Minister of Industry and Trade Nguyen Tuan Anh and Romanian Minister for Business Environment, Commerce and Entrepreneurship Stefani Radu Oprea.
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