Small businesses, traders can get loans in 24 hours
Commercial banks announced that enterprises, traders, and household businesses can get loans in 24 hours.
Enterprises expect lending interest rates at 7-8 percent per annum
On May 11, the State Bank of Vietnam (SBV) and the People's Committee of Ho Chi Minh City jointly organized a conference to discuss monetary and credit solutions to support and promote the economy of the Southeast region.
Credit growth still low despite SBV’s effort to cut interest rate
Despite the State Bank of Vietnam’s efforts to improve credit growth, credit growth in the first 7 months of 2023 is still low.
Credit grows 4.03 percent in first seven months
The lending interest rates have returned to the interest rate before the Covid-19 epidemic, but the credit in the first 7 months of the year only grew by 4.03 percent, reaching one-third of the plan of the year.
Economy in need of revitalization
The Government is focused on removing difficulties and obstacles for the capital market in 2023. It wants to remove obstacles in cash flow, support businesses, and improve competitiveness to boost the economy.
VAT refund delays cause business stagnation even bankruptcy
Many businesses in Ho Chi Minh City have been waiting for value-added tax (VAT) refunds for years. VAT refund delays caused business stagnation and even bankruptcy.
Foreign capital fails to create waves
During the last three weeks, capital inflow from foreign investors lent strong support to the stock market.
Interest rates gradually cool down
Commercial banks have agreed to lower deposit interest rates by about 0.5 percent starting from March 6, while State-owned banks will only reduce their rates by 0.2 percent because they are already at the lowest level in the market.
Interest rates should be cut to support enterprises overcome difficulties
After SGGP newspaper published a series of articles titled "High interest rates weaken the economy", economists and the business community contributed their opinions on this issue.
Businesses eagerly processing export orders
Right at the first working week of the new Lunar year, many companies, especially those in the food processing industry, are accelerating their production to fulfill their export orders.
Reducing interest rates, balancing benefits
Many experts said that interest rates in Vietnam are currently too high, so it is necessary to reduce them to support people and enterprises to recover and develop production and business activities.
Imperative to revive cash flow in current market
The Ho Chi Minh City Real Estate Association (HoREA) recently submitted a written proposal to the Ministry of Finance for submitting to the Government for further consideration and amendment of Decree 65/2022/ND-CP.
Imperative to revive cash flow in current market
The Ho Chi Minh City Real Estate Association (HoREA)'s recent proposal is being seen as imperative in clearing the path for cash to flow again in the current market.
Loc Troi exports over 400,000 tons of rice to European supermarkets
Loc Troi Group today informed that the group so far has received many orders to export more than 400,000 tons of rice to European supermarkets, so the Group will accelerate the expansion of the production and planting areas according to the requirements of each market.
Retail shares see great growth potential
Retail stocks have entered a recovery phase following the general market's upward trend, given their bright long-term prospects.
Retail industry must digitalize for wider reach
There is a very clear difference in modern and traditional channels that are being used by the current retail industry in Vietnam.
Domestic businesses in precarious situation
Many enterprises in Vietnam are currently facing several difficult challenges in running their operations and these ongoing obstacles are very likely to have a serious effect on their resilience in the long run.
Businesses struggle to find more capital at year-end of 2022
While many businesses have a high demand for capital at the end of the year for business loans, workers’ salary payments, and bonuses, banks are not allowed to extend more credit to their customers; therefore, businesses have to struggle to find capital.
Loopholes in Corporate Bonds market
Since 2018 the Government has issued three Decrees to regulate the Corporate Bonds market which has now grown substantially.
Vietnam becoming attractive destination for foreign capital
Considered a safe shelter from current chaotic events in the world, Vietnam is enjoying a strong flow of foreign capital. What should be immediately done now is to devise feasible solutions to support domestic businesses resume their operations effectively, and thus improving their ability to attract these foreign capital amounts.