INTELLASIA FINANCE & BUSINESS NEWS - MAY 19, 2021
1. New interest rate level formed in the interbank market
2. Illegal cryptocurrency exchanges turn investors into debtors
3. Non-performing loans rise with restructuring
4. Dragon Capital becomes largest shareholder of VPBank
5. Transfer money for free, sign up for Sacombank's combo 4.0
----and more news
FDI TOTALS 12.25 BLN USD IN FIRST FOUR MONTHS
Foreign direct investment reached 12.25 bln USD in the first four months of this year, according to the General Statistics Office.
INDUSTRIAL PRODUCTION UP 10% IN THE FIRST FOUR MONTHS OF 2021
Industrial production increased 10% in the first four months of 2021 year-on-year.
AGRO-FORESTRY-FISHERIES EXPORTS UP 24% IN FIRST FOUR MONTHS OF 2021
The export value of agro-forestry-fisheries products in the first four months of 2021 stood at around 17.15 billion USD, a 24.2 percent increase year-on-year.
LEGAL FRAMEWORK NEEDED TO MANAGE VIRTUAL FINANCIAL INVESTMENT PLATFORMS
Experts have warned that a firm legal framework and strict punishment measures are needed to manage virtual financial investment platforms, which they say are now out of control.
LABOUR EXPORT RESTRICTION EXACERBATED
The Ministry of Labour, Invalids and Social Affairs (MoLISA) is again facing fears of not being able to meet its target of sending 90,000 workers to work abroad in 2021. According to the Vietnam Labour Export Association, Vietnam sent just over 29,500 workers to 17 countries and territories in the first quarter of 2021, around 2,500 less than in the same period last year.
HCMC TO MONITOR PEOPLE WITH FLU SYMPTOMS
All people visiting drugstores to buy medicine for fever, coughing and sore throats will have to provide personal information for monitoring.
FOODSTUFF PRICES RISE, POSE INFLATION THREAT
Ðỗ Văn Khuôl, supply director of Saigon Food Company, said the cost of both domestically sourced and imported inputs have risen, including those of rice and seafood, whose output has fallen.
