According to a 2018 report by the World Bank, Vietnam's credit access index ranks 29th out of 190 economies surveyed, higher than the average of the Organization for Economic Co-operation and Development (OECD) and East Asia & Pacific. But Vietnamese small and medium-sized enterprises (SMEs) said it is a big challenge for them to access credit. According to the Vietnam Chamber of Commerce and Industry (VCCI), only 30 percent of SMEs in Vietnam have access to loans from the formal sector, with the rest having to use their own funds or depend on unregulated loans. This makes it hard for them to find business opportunities and solve other problems with respect to cash flow, working capital, and debts. The VCCI has drawn up a list of loans types and the challenges each segment faces. Bank loans Many banks have made it possible for SMEs to get access to credit. In the past few years most joint stock banks have earmarked tens of trillions of dong ($1=VND23,381) for priority sectors. … [Read more...] about Who do Vietnam’s small and medium-sized enterprises turn to for funds?
Who governs vietnam
The State funeral for Tran Dai Quang, Politburo member and President of the Socialist Republic of Vietnam, is held by the Party Central Committee, National Assembly, State President Office, Government and Vietnam Fatherland Front Central Committee. President Tran Dai Quang is laid in state at the National Funeral Hall, No. 5 Tran Thanh Tong, Hanoi. The tribute ceremony started at 7am. Since the early morning, delegations from the Party, State, National Assembly, Government, Vietnam Fatherland Front, the armed forces, and crowds of officials, Party members and people of all strata in the capital city and many other cities and provinces nationwide gathered at the National Funeral Hall to pay tribute to the President, who devoted his entire life to the revolutionary cause of the Party and nation. Family members of President Tran Dai Quang led by his wife Nguyen Thi Hien were the first to offer incense and flowers to their beloved. Following them, the delegation from the Party Central … [Read more...] about Party, State, NA, Government leaders pay tribute to President Quang
The Hanoitimes - The results show that seasonal influenza vaccine and pandemic influenza vaccine manufactured in Vietnam are safe and capable of producing immune responses in healthy adults. Two "made in Vietnam" inactivated seasonal influenza vaccines are expected to be available in 2019 for commercial use, according to the government portal. Producing vaccines in Vietnam Dr. Le Van Be, director of the Institute of Vaccines and Medical Biologicals (IVAC) of Vietnam, has announced the successful production of inactivated seasonal influenza vaccines (IVACFLU-S) for commercial use. This is the result of nine years of international cooperation by the Ministry of Health as well as IVAC to improve Vietnam's vaccine production and pandemic preparation capacity. The vaccine targets three strains of influenza: A/H1N1, A/H3N2, B and the inactivated influenza A/H5N1 influenza vaccine - a strain of avian influenza. Both vaccines are safe and able to produce immune … [Read more...] about Vietnam to soon launch home-made inactivated seasonal influenza vaccines
Kim spoke with journalists in Hanoi ahead of Vietnam’s semi-final against South Korea in the Asian Games on Wednesday. - What is your feeling before the match? I expected Vietnam and South Korea to meet each other in the final of the Asiad, but now we're in a tricky situation. When Vietnam beat Syria on August 27, Vietnamese swarmed into the streets to celebrate, blowing their horns everywhere. I couldn't sleep all night wondering uneasily which team to support in the semi-final. After that night I made my decision: I will support Vietnam. I also feel guilty with Son Heung-min, South Korea’s key player, because if Vietnam win, he will have to do military service. - How do you feel about publicly supporting the Vietnamese team when you are South Korea’s ambassador to Vietnam? - This is not the decision of an ambassador representing the government of South Korea; it's the decision of an individual who loves football and was charmed by … [Read more...] about Korean ambassador supports Vietnam in Asiad semi-final … against Korea
The Hanoitimes - Free trade agreements, high economic growth and low labor costs will continuously help Vietnam lure big FDI in the remaining months of the year after reporting a whopping US$22.94 billion in the first seven months of the year. Many investors from various countries, especially Japan, Korea and Singapore, have so far also expected to increase their investments in Vietnam. Foreign investors are strongly pouring in Vietnam’s garment-textile industry A recent study of Hong Kong and Shanghai Banking Corporation Limited (HSBC) showed that overall investment into ASEAN in the future is expected to rise amongst Singapore-based companies ,with Vietnam to be a key beneficiary. According to the study, which sought the insights of 1,036 Singapore-based companies into their interest in overseas expansion, Vietnam’s growing consumer market and overall investment climate are driving the expansion plans of Singaporean investors, who were Vietnam’s third largest … [Read more...] about Big foreign investments forecast for Vietnam in 2018