Indonesian President Joko Widodo on September 3 ordered breakthroughs to accelerate the Fourth Industrial Revolution (Industry 4.0) roadmap in the country.
The Vietnam Academy of Social Sciences (VASS) and the Asian Development Bank held a seminar in Hanoi on July 17, discussing the development of high-quality workforce for Vietnam’s sustainable development.
Many commercial banks say that all their efforts to reduce lending to
non-manufacturing sectors are unlikely to meet the schedule set by the
central bank.
The VN-Index plunged by 3.5 percent on May 23 to close at 417.82
points, a spine-chilling slide of 15 points and the lowest level of the
Index in the past two years, raising alarm bells about ongoing sluggish
trades on the HCM Stock Exchange.
Credit institutions including domestic and foreign banks have been asked
by the central bank to maintain stricter control over their lending
activities to minimise risks.
Credit growth should fall to 23 percent next year, the State Bank of
Vietnam announced on Dec. 28, setting a more cautious policy than was
pursued this year, when growth in commercial bank lending neared 28
percent.
The State Bank of Vietnam also sent a
clear message that monetary policy would focus on controlling inflation
and stabilising the economy.
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