The municipal People’s Committee assigned the Department of Industry and Trade and the Saigon Times Group to launch the award. The award attracted 64 enterprises in different industries within one month after launch. It will be held annually. The 30 enterprises are leading companies or at the top of their business and production industries. Their total revenue in 2019 reached nearly 252.8 trillion (11 billion USD), or 21.8 percent of the city’s total revenue of retail sales of consumer goods and services. Their total after-tax profit reached almost 32.7 trillion VND. According to the evaluation of the Voting Council, most of the products and service brands of the winning enterprises have undergone a long process of establishment and development. They have had a firm position in the marketplace and a good reputation in customers’ minds and made active contributions to the city’s economic development. Bui Ta Hoang … [Read more...] about Thirty businesses win HCM City Golden Brand Award
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Vietnam credit growth slows to 2.13% in 6-month period
On May 7, the SBV issued guidance for Vietnam Bank of Social Policies to provide loans at 0% interest rates with worth a total of VND16 trillion (US$686.42 million) for customers directly affected by the pandemic and businesses in paying salaries and wages for furloughed staffs. … [Read more...] about Vietnam credit growth slows to 2.13% in 6-month period
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
Cisco Vietnam and Ademax powering ITU Digital World 2020
ITU Digital World 2020 is a series of events including ITU ministerial roundtables, forum sessions associated with the development of a digital world, and a virtual exhibition. For each day of October 20-22, 2020, the conference and forum sessions will last for 3 hours, from 11-14h (GMT Time) (18-21h Vietnam time). The opening ceremony was held at 5pm on October 20, 2020 with the participation of the prime minister, deputy prime minister, leaders of ministries, branches, diplomatic delegations, and international organisations in Hanoi. … [Read more...] about Cisco Vietnam and Ademax powering ITU Digital World 2020
VN central bank’s VND16 trillion aid receives lackluster response from employers
Nguyen Van An, deputy director of Danang City’s Department of Labor, Invalids and Social Affairs, said many local employers had failed to pay the salaries of their staff after the Covid-19 pandemic, but shunned the aid due to the low credit limit and time consuming procedures. … [Read more...] about VN central bank’s VND16 trillion aid receives lackluster response from employers
