Banks will continue to tighten lending in risky sectors including securities, real estate, financial, and tourism business, seeing higher credit risks in the remaining months of this year, a survey carried out by the Monetary Forecasting and Statistics Department has said.
The quality of skilled labour in Vietnam is still not meeting minimum standards, according to Le Thi Xuan Quynh, an official from the Central Institute for Economic Management.
Three Vietnamese projects were among the top five to win the “Impactful Social Innovative Concepts” awards in the Social Business Creation 2021 competition.
A group of 30 pharmaceutical production companies from India plans to build the first Pharma Park in Vietnam, and Da Nang city’s Hi-tech Park has been suggested as a prime location.
The Ministry of Finance (MoF) has sent a document to the State Securities Commission (SSC) on reviewing the measures to prevent overloading on the Ho Chi Minh City Stock Exchange.
Nearly 25 Vietnamese companies exporting basa fish have withdrawn from the EU market since the beginning of the year.
Although local iron and steel prices have dropped, they are still at high rates, up 1.7 times compared to the end of 2020, causing investors and construction contractors to suffer.
Vietnam is playing catch-up in a global race to develop its own digital currency and experts believe this will not only help the country develop new technology but also present an opportunity for Vietnam to join the most technologically-advanced countries.
More Vietnamese goods are available on foreign supermarket shelves but enterprises still need to overcome a number of challenges if they want to enhance their brand image.
Policies are needed to support local e-commerce platforms and counter the might of cashed-up international e-commerce giants entering the Vietnamese e-commerce market, said Chairman of Nextech, Nguyen Hoa Binh, who owned chodientu.vn.