Sapa vietnam december

After the State Bank of Vietnam cut policy interest rates in October 2020 in an effort to ease the cost of credit, credit growth picked up from 9.6% in October to 10.5% in November and 10.1% in December. Since this rate was higher than the nominal gross domestic product growth, the credit/GDP ratio had increased from some 136% in 2019 to over 143% in 2020. … [Read more...] about Vietnam one of fastest growing economies amid pandemic: WB

Addressing a ceremony marking the force’s 75th anniversary (February 21) in Hanoi on January 19, PM Phuc stressed that to fulfill the heavy responsibility assigned by the Party, State, Ministry of Public Security, and people, the public security intelligence force needs to be well aware of the situation and their tasks while closely following and effectively serving the Party and State’s leadership and governance. … [Read more...] about VIETNAM NEWS JANUARY 20

However, tough challenges are ahead for the city’s industry and trade sector. They come from the curtailment of industrial production as most of the large production facilities move out of the central city, and limited investment in high-tech industry and weak development of supporting industry. Besides, attracting investments in local industrial parks is not an easy task since industrial land leasing costs in Hanoi are higher than those in localities in the vicinity such as Ha Nam, Hoa Binh and Hung Yen. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

On December 31, 2020, the government issued Decree No.153/2020/ND-CP, regulating the offering and transactions of corporate bonds through private placement in the domestic market and the offering of corporate bonds to foreign markets, to replace Decree 163 and Decree 81. This new decree, which became effective on January 1, continually tightens regulations on the issuance of corporate bonds with more specific provisions. … [Read more...] about Impressive 2020 for Vietnam’s corporate bond market

The ambassador said Vietnam and Laos will further deepen their political ties in 2021 while enhancing cooperation in national defence, security, and external affairs. They will also raise the efficiency of cooperation in economy, culture, education, health care, and science-technology, and expand exchanges between citizens as well as localities. He suggested intensifying mutual support in dealing with the consequences of COVID-19 in order to quickly resume economic growth. According to the ambassador, Laos is the largest recipient of Vietnam’s overseas investment, amounting to 4.22 billion USD to date in 414 projects. Apart from citizen protection, which is considered a top priority in the face of the pandemic, the Vietnamese Embassy in Laos has paid attention to facilitating Vietnamese investment in the country through various activities, he said./. … [Read more...] about Vietnam-Laos relations even more special amid COVID-19: Ambassador