VOV.VN -The World Bank Group on September 22 announced the Vietnam Country Partnership Framework (CPF) for 2017- 2022 at a workshop in Dong Thap province in the presence of World Bank Country Director for Vietnam Ousmane Dione and representatives from 13 Mekong Delta provinces.
Natural disaster management activities should be implemented in parallel with ensuring sustainable growth, and the UN Sustainable Development Goals (SDG) will not be completed without the successful prevention of calamities, APEC senior officials have noted.
Nearly 100 Vietnamese and Japanese enterprises in agriculture, food, garment and support industry attended a Vietnam-Japan trade and economic cooperation conference in Tokyo on September 20.
The Vietnamese economy is facing a major contradiction as it is striving for economic growth but the national budget is very limited. Neutralising this conflict and bringing about a higher growth rate is definitely not an easy question.
A high credit growth target of 21 per cent could be achieved this year, but with it come risks on credit quality and the potential for unevenly distributed loans, privileging large private firms instead of smaller ones.
Easing the lending interest rate further by 0.5% and obtaining a high credit growth rate of 21-22% as instructed by the PM will not be an easy task.
The latest instructions from Le Minh Hung, Governor of the State Bank of Vietnam (SBV), require credit institutions in Vietnam to strictly comply with the SBV’s regulations on mobilising capital in foreign currencies and not offer interest rates exceeding the ceiling levels.
As the Government is striving to obtain credit growth of 20% to 22% this year, many economic experts voiced their concerns over possible adverse impacts of high credit growth on businesses and the economy.
VOV.VN - Overall, the global tea market continues to grow steadily, with an expected compound annual growth rate (CAGR) retail volume of 4.2% through 2022, according to a recent marketing report by IMARC Group.
Vietnam’s strong growth is likely to persist thanks to its young, ambitious, and business savvy population, said an article published by Singapore-based Channel News Asia.
VOV.VN -The Vietnamese Party and State have yearned for a fair society where all citizens have the right to contribute and enjoy benefits. Vietnam is now set to narrow the wealth gap to realize the long-term goal of social fairness.
Cashew exports fetched US$2.2 billion in the first eight months of 2017, a rise of 24.9 percent from the same period last year, according to the Ministry of Agriculture and Rural Development.
Credit growth rate in the first eight months of 2017 has been estimated at 11.5% compared to the end of 2016, the National Financial Supervisory Commission (NFSC) reported.
Ho Chi Minh City’s economy continued its steady growth in the first eight months this year, said the municipal authorities during a working session reviewing the city’s performance in the period on September 5.
A delegation from the General Directorate of Energy under the Ministry of Industry and Trade, and the Global Green Growth Institute on August 30 held a working session with the Mekong Delta province of Soc Trang on the planning for biomass power development in the locality.
Minister and Chairman of the Government Office Mai Tien Dung said the economic performance in the January-August period is very positive, raising hope about achieving the target of 6.7 percent economic growth this year.
The People’s Committee of Hanoi has presented the title of “For the Course of Capital Construction” to two Frenchmen for their contributions to the capital’s development.
The Government has called for faster than targeted credit growth in pursuit of this year’s GDP goal of 6.7%.
Thai conglomerate Central Group will invest an additional $500 million to expand its operations in Vietnam within the next five years, aiming to set firm roots in this potential market, according to newswire Bangkok Post.
Well-designed, sustainable and resilient infrastructure will enhance economic growth, boost productivity and provide significant positive flow-on effectives, heard a meeting of the APEC Committee on Trade and Investment (CTI) in Ho Chi Minh City on August 19.