Business News

1. Credit losening proposed to support SMEs
2. Hanoi connects commercial banks with local businesses
3. Bank stocks attract foreign capital
4. Vietnam able to become new tiger in Asia: economist
5. Rubber exports surge over seven-month period
----and more news

1. Furnace coal mill inner cone outside processing
2. Machinery and equipment supply
3. Automatic money bunching machine supply
4. Materials, chemicals, biological supply
5. Juice transfusion wire supply
----and more news

In the first seven months of this year, five commodities posting export turnover of more than 10 billion USD, making up 58.5% of Vietnam’s export turnover.

The central city of Da Nang topped the Digital Transformation Index (DTI) rankings for 2021, according to the Ministry of Information and Communications.

Textile exports hit US$26.55 billion, up 16.5 per cent year-on-year. Textile trade surplus reached US$11.07 billion, 31 per cent higher than last year. The industry created 1.9 million jobs with an average monthly wage of VNĐ8.5 million.

Decree 85 issued last year, which amends and supplements a number of articles of the Government's Decree 52 (2013) on e-commerce, has specific provisions on supplementing business licenses for foreign investors, and economic organisations with foreign investment capital.

Vietnam, a rising star in the global supply chain, has the potential to become a new tiger in Asia, economist Brian Lee Shun Rong at Maybank - Malaysia's largest financial services group and the leading banking group in South East Asia – has reportedly said.

Vietnam’s economic recovery accelerated over the last six months on the back of resilient manufacturing and a robust rebound in services. GDP growth is forecast to surge from an estimated 2.6% in 2021 to 7.5% in 2022, while inflation is projected to average 3.8% over the year.