Regarding the credit structure, Nguyen Quoc Hung, director of the SBV’s Credit Department, said credit for agricultural production expanded 0.3% compared to end-2019; followed by that for exports (4.94% versus 10% in the first six-month period of 2019); technology sector(2.92%); supporting industries (2.27%); and small and medium enterprises (-0.7%). … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
Key indicators of business growth
Credit grows slowly, but banks still make profits
At a meeting with commercial banks in late April, Governor of the State Bank of Vietnam (SBV) Le Minh Hung reported that as of March 31, credit provided to the national economy had increased by 1.3 percent compared with the beginning of the year, the lowest Q1 credit growth rate in the last six years. … [Read more...] about Credit grows slowly, but banks still make profits
Science and technology one of the country’s major policies: official
Human resource development is promoted, especially high-quality human resources, and more closely linked with market demand. National scientific and technological potential has been strengthened. Some fields of natural sciences have reached regional and international advanced level. Our country is capable of successfully designing and manufacturing a lot of technology and equipment to international standards. The system of key laboratories and specialised laboratories continues to be paid attention to. Research infrastructure in some key fields such as biotechnology, petrochemical, materials, automation, nautical, computing technology and medicine has been strengthened. … [Read more...] about Science and technology one of the country’s major policies: official
Northern Ninh Binh province seeks its own airport
According to a newspaper outlet of the ministry, the proposed location is Kim Son or Yen Khanh District, which are less than 35 kilometers away from the Tam Coc cave system, a tourist hotspot. … [Read more...] about Northern Ninh Binh province seeks its own airport
Cisco Vietnam and Ademax powering ITU Digital World 2020
Speaking at the event, Sanjay Kaul said "Enterprises will be major beneficiaries of 5G, as they devise new, innovative ways to take advantage of the greater speeds and far lower latency on offer. Smart manufacturing, agriculture, financial services, health, education, and logistics are just some of the sectors which will undergo a massive transformation because of this technology. Operators around the world must invest in 5G to meet this future demand, and working with the right ecosystem partners is key to their success." … [Read more...] about Cisco Vietnam and Ademax powering ITU Digital World 2020
