Simultaneously, the State Bank of Vietnam has issued a decision which adjusts interest rates, with reductions placed on refinancing interest rate from 6% to 5% annually, in addition to dropping rediscount interest rates from 4% to 3.5% per year. This comes after the Ministry of Finance recently proposed increasing the fiscal support package for deferral tax payments to VND80,200 billion. … [Read more...] about Solutions for Vietnam to maintain its current economic growth
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Despite this, Lam states that, "achieving the 6.8% growth target is a big challenge as the country has a high level of economic openness, over 200% annually, and is heavily dependent on outside partners while major partner countries are closing trade borders to prevent the epidemic outbreak which is exerting an enormous impact on the Vietnamese economy". … [Read more...] about Solutions for Vietnam to maintain its economic growth
The bigger question is, however, have we learnt the lessons of this crisis? Will we learn to spot, control and regulate the risks that seem to be an integral part of globalisation? Because the cooperation and leadership necessary to make that happen seem to be in short supply. BBC … [Read more...] about Will coronavirus reverse globalisation?
The total investment is VNĐ7.8 trillion (US$332 million) including VNĐ5.6 trillion (US$238 million) from official development assistance (ODA), VNĐ227 billion ($9.6 million) from the State Secretariat for Economic Affairs (SECO) and VNĐ1.9 trillion ($80.9 million) from reciprocal capital. … [Read more...] about Cần Thơ speeds up work on massive urban project
Lee stated that the ideal situation to increase F&N’s ownership rate in Vinamilk is an M&A deal. If successful, it will help the company to enhance its competitive capacity with the two largest US soft drink giants in Southeast Asia, PepsiCo Inc. and Coca-Cola Co. … [Read more...] about Fraser & Neave Ltd eyes Vinamilk