Credit growth targets to be revised for banks
06:00 | 27/08/2021 Economy
(VEN) - In addition to restructuring repayment periods and maintaining debt classifications in line with Circular 01/2020/TT-NHNN and Circular 03/2021/TT-NHNN of the State Bank of Vietnam, banks will reduce lending rates to support businesses and people affected by the pandemic.
Budget delay hampers industry promotion programs
06:00 | 27/08/2021 Industry
(VEN) - The national industry promotion program has only been allocated about one-third of its total budget estimate of VND150 billion for 2021, hampering implementation of planned programs in many localities.
No need to revise GDP growth target, expert says
06:00 | 26/08/2021 Economy
(VEN) - Vietnam’s 6.5 percent gross domestic product (GDP) growth target in 2021 set out in Resolution 01/NQ-CP will be hard to achieve. However, Vietnam is likely to realize the GDP growth target of six percent set out by the National Assembly, experts said, emphasizing that Vietnam needs to accelerate vaccinations as the economy depends greatly on pandemic control.
Increased investment disbursement in H1 augurs future growth
06:00 | 19/08/2021 Economy
(VEN) - Although the amount of foreign direct investment (FDI) registered in Vietnam in the first six months of 2021 was about 2.6 percent lower compared with the same period last year, economists believe the country remains an attractive investment destination, given its macroeconomic stability and other advantages.