MONETARY AND CREDIT POLICIES SUPPORTING EXPORTERS
Loosening monetary policy and credit incentive packages are aimed at easing exchange rate pressures and supporting exporters during the festive period and year ahead. At the National Assembly session last week addressing plans for economic and social development in 2025, lawmakers proposed loosening monetary policies to support specific sectors, including export enterprises.
VINH PHUC FOCUSES ON SUPPORTING INDUSTRIES TO DRAW FOREIGN INVESTMENT
Established in 2001 on over 16 hectares in Khai Quang Industrial Park, Vietnam Precision Industrial No. 1 Co., Ltd (VPIC1) is a key investor contributing significantly to the province. Affiliated with Eurocharm Group (Taiwan), VPIC1 manufactures components for automobiles, motorbikes, snowmobiles and medical equipment.
RISKS OF SHOPPING ON UNLICENSED E-COMMERCE PLATFORMS IN VIETNAM
According to the E-commerce and Digital Economy Agency (MoIT), many Vietnamese consumers are attracted to products on international e-commerce platforms for their low prices and diverse designs. However, these platforms often lack authorization to operate in Vietnam, meaning they are not subject to quality control or supervision by regulatory authorities.
HCMC MARATHON 2025: "THE PEOPLE’S VICTORY" – A CELEBRATION OF RESILIENCE AND UNITY
Mark your calendars! The HCMC Marathon 2025 will take place on January 12, 2025, with the theme "The People’s Victory." This event is more than just a race—it’s a tribute to our collective resilience and unity. Victory here is measured by every stride we take together, overcoming challenges as one community.
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NEW POLICY DRAFTED TO HELP NON-BANK CREDIT INSTITUTIONS DEVELOP FURTHER
The draft circular regulates filings, procedures and steps for granting establishment and operation licences to credit institutions in cases that commercial banks contribute capital or purchase shares of credit institutions, which causes a change in the legal form of credit institutions. The SBV will grant the establishment and operation licences to credit institutions in the cases.
DANANG MAKES PUSH FOR FREE TRADE ZONE
Danang People’s Committee said that the forum aims to introduce the potential in logistics with the Danang FTZ model to attract investment, as well as enhance exchange activities, and support business connections through exhibitions and introductions of products and services in the industry.
VIETNAM PROJECTS STABLE ECONOMIC OUTLOOK
Vietnam's economy grew by 5% in a challenging 2023 thanks to the Government's policies, according to the IMF. Property turmoil, financial stress and sharp decline in exports hurt the economy. Recovery started in late 2023 on reviving exports and tourism, as well as the support of appropriate expansionary fiscal and monetary policies. Inflation rose in 2024 mainly due to rising food prices although core inflation remained relatively low and stable.
