Business News

Under a document issued on Thursday, banks have been required to cut operating costs and unnecessary expenses, as well as administrative procedures, so as to have room for lending interest rate reduction to support the economic recovery and development.

The total newly-registered capital, adjusted capital, capital contributions, and share purchases stood at $27.7 billion in 2022, equivalent to 89 per cent of last year, according to the Ministry of Planning and Investment's Foreign Investment Agency.

In addition to the increasingly stringent requirements for a production price reduction, faster delivery and higher quality, brands are demanding that businesses in the supply chain follow multiple policies on sustainability, green practices, energy saving and emission limiting.

Similarly, the Asian Development Bank (ADB) raised Vietnam's growth prediction for this year to 7.5 per cent, much higher than the 6.5 per cent number given in September 2022, while lowering its growth forecast for 2023 by 0.4 percentage points to 6.3 per cent.

1. Vietnam responds well to global changes in 2022
2. Transparent corporate bond market a long-term capital channel
3. Liquidity pressure at the end of the year
4. Trade surplus increases, agriculture shines
5. Vietnam eyes $4bn in fruit exports in 2023
----and more news

1. Speciality automobile supply
2. Mechanical spare parts supply
3. Coaxial alignment machine supply
4. Bolts, nuts and washers supply
5. Materials and equipment supply
----and more news

1. Vietnam banks' ratings on positive trajectory: Fitch
2. Loan interest rates decrease during Tet holiday
3. Vietnam ranks low in total workforce index ranking in 2022
4. Foreign retailers flock to Vietnam
5. Industrial production in HCM City regains rising momentum
----and more news

1. Runway sweeping truck supply
2. Camera system supply and installation
3. Air conditioner, camera supply
4. Equipment and materials supply
5. Equipment and materials supply
----and more news