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More long-term support needed
The Government should have more long-term policies and packages supporting and aiding businesses to recover from the impacts of COVID-19, Vietnam Chamber of Commerce and Industry (VCCI) has said.
Exporters, hit by pandemic, turn to domestic market
The Vietnamese market with a population of nearly 100 million is attracting both foreign and local food suppliers, with many local exporters turning to the domestic market to overcome this difficult COVID-19 period.
Seaport development on the horizon
The development of seaports is to be prioritised over the next three decades to meet increasing demand in shipping services, according to Nguyen Xuan Sang, director of Vietnam Maritime Administration under the Ministry of Transport.
Banks agree to cut lending rates to support hard-hit businesses
Most banks have agreed to cut the lending rate for enterprises hard hit by the COVID-19 pandemic from this month until the end of this year.
Aviation sector eyes recovery in 2023-24
Vietnam's aviation market is hoped to recover in 2023-24.
Exporters face slew of difficulties due to COVID-19
Though exports remain strong, several sectors face difficulties due to the COVID-19 pandemic and require support from the Government if they are to sustain the growth, experts said.
Banks lending big to keep agriculture sector ticking
According to the State Bank of Vietnam’s department of credit for economic sectors, as of April credit injected into rural and agricultural development had reached VND2.3 quadrillion (US$100 billion), or 24.6% of the banking sector’s total loans.
Movie star Van performs in Netflix hit
Vietnamese movie star Ngo Thanh Van, known as VanVeronica, will be seen in part two of a US superhero film starring Charlize Theron, Kiki Layne and Matthias Schoenaerts.
VCCA warns against AI powered multi-level marketing schemes
The Vietnam Competition and Consumer Protection Authority (VCCA) has issued a warning to investors about the perils of investing in illegal multi-level marketing businesses run by "AI Robots".
Pilot Mobile Money service to be licensed next month
Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting.