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Central bank grants first credit growth quota for banks in 2023
The State Bank of Vietnam (SBV) has recently granted the first credit growth quotas in 2023 to a number of banks, with a majority of them receiving lower rates than last year.
Water industry to see multiple M&As
The water industry is set to witness a flood of M&A in the near future as many big players plan to stretch out in the southern region.
Big 4 banks launch preferential interest rate loan packages
The group of the four biggest State-owned banks (Big 4) have launched preferential loan packages with interest rate reductions of up to 3% per year to lower short-term lending rates to only 7% per year.
US introduces Alaskan seafood to Vietnamese market
A feast featuring delectable dishes created from Alaskan seafood has tickled the taste buds of more than 100 guests at an event held in Hanoi on February 27 night.
Leather Summit 2023 to open this week
The Leather Summit 2023 will be held at the famous Craft Village Cluster in Phu Yen commune and Thon That Craft Village, Minh Duc commune, Hanoi on March 1.
Ministry proposes a hike in special consumption tax on cigarettes, beer, spirits
The Ministry of Finance has proposed to increase the special consumption tax (SCT) on a number of items harmful to health including tobacco, beer, and alcoholic products to limit imports, production and consumption.
EV charging operator EBOOST receives foreign funding
Vietnam’s electrical vehicle (EV) charging operator EBOOST has announced an investment from the Singapore-based Southeast Asia Clean Energy Facility (SEACEF), which is managed by Clime Capital, to expand its network in Vietnam.
Foreign firms eye VN but more efforts needed to improve investment climate
Many enterprises from countries such as the UK, the Republic of Korea and Japan said Vietnam is an attractive investment destination, given the country’s stable macroeconomy, rapid growth and large market with a rising middle class.
Bright prospects for growth in bicycle market
With the decline of motorbikes, commuters have no choice but to rely on bicycles for short-distance travel, which is good news for bicycle sellers.
VNese firms told to focus on social, environmental performance to enter German market
Vietnamese enterprises need to improve their social and environmental performance to secure their position in global supply chains, a seminar heard in Ho Chi Minh City last week.