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BANKING / FINANCE / INSURANCE / TAX

CREDIT INSTITUTIONS URGED TO CUT LENDING RATES BY 1-2%

The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth.

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VIETNAM ECONOMY INVESTMENT

NECESSARILY IMPROVING INSTITUTIONS AND POLICIES FOR CREATIVE ECONOMY ADVANCEMENT

Despite remarkable strides in socioeconomic development, including economic growth, Vietnam continues to grapple with issues pertaining to the quality and sustainability of this growth. The country’s economic expansion is still heavily dependent on the augmentation of input resources and industries that are labor and resource-intensive. The influence of elements directly associated with enhancing quality, labor productivity, competitiveness, and innovation has not met anticipated standards.

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MEMBER CORNER / PROMOTIONS

DOING BUSINESS IN VIETNAM 2024

2023 marks a challenging year for the world economy with the slowdown of consumption and production activities and escalating geopolitical tensions. Amidst global uncertainties, Vietnam demonstrated a high level of resilience and recorded a respectable annual GDP growth rate of 5.05% in 2023, which is 1.5 times higher than the global average. In addition, the stable flow of FDI capital in 2023, which was mainly directed towards the manufacturing sector, placed Vietnam among the most important links in the global supply chain.

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MEMBER CORNER / PROMOTIONS

HANOI HOTEL'S RICE DUMPLINGS

Artfully prepared by our skilled chefs using the finest ingredients, Hanoi Hotel's Rice Dumplings exemplify culinary excellence with every bite for this year's Dragon Boat Festival. Beneath the bamboo leaves lies a soft, sticky layer of herb-infused glutinous rice and green beans, perfectly complementing a rich filling of pork, dried shrimp, lotus seeds, salted egg yolks, and more. This exquisite combination promises a gratifying culinary experience, reflecting Hanoi Hotel's dedication to deliver the best rice dumplings in town to our esteemed guests

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VIETNAM ECONOMY INVESTMENT

CREDIT INSTITUTIONS URGED TO CUT LENDING RATES BY 1-2%

The State Bank of Viet Nam (SBV) asked all credit institutions including foreign bank branches to reduce lending annual interest rate by 1-2 percent in a bid to facilitate credit access and spur growth. The central bank called on credit institutions to channel capital into traditional growth drivers, emerging industries, green transformation, circular economy, and social housing.

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VIETNAM ECONOMY INVESTMENT

VIET NAM TO ENTER TOP 20 FASTEST GROWING ECONOMIES GLOBALLY IN 2024

The development prospects of the Vietnamese economy in 2024 are very positive and driven by substantial foreign investment, especially in high-tech industries, according to Savills Viet Nam's report on investment in the Asia-Pacific region in the first quarter of 2024.

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BANKING / FINANCE / INSURANCE / TAX

CREDIT GROWTH QUOTA POLICY NEEDS TO ENSURE SAFETY OF BANKING SYSTEM

The State Bank of Vietnam (SBV) this year removed the credit growth quota for foreign banks, but the policy remains for Vietnamese banks, due to concerns about rising bad debts, the security of the banking system and macroeconomic instability.

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VIETNAM ECONOMY INVESTMENT

VIET NAM LEADS THE REGION IN ATTRACTING LONG-TERM INVESTMENT INTO INNOVATIVE START-UPS

The wave of innovative start-ups in Việt Nam has developed at “dizzying” speeds, attracting the attention of many domestic and foreign investors, a seminar, entitled 'Investment Policies for Start-ups' in Hà Nội, heard Monday.


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