NDO/VNA - Vietnam posted a credit growth rate of 9.06% as of June 30 compared to the end of last year, which did not put pressure on interest rates, Governor of the State Bank of Vietnam (SBV) Le Minh Hung said on July 21.
(Jul 22, 2017)
NDO - Vietnam’s military-run telecommunication group Viettel earned a pre-tax profit of nearly VND1 billion (US$41.2 million) from foreign markets in the first six months of 2017, a year-on-year increase of 155.7%.
NDO - The State Bank of Vietnam (SBV)’s recent move to cut a number of policy rates is expected to act as a lever to achieve the economic growth target, but the central bank and credit institutions are still facing numerous challenges to realise such a goal.
NDO – Trade deficit for the whole of 2017 is forecast at US$5 billion, equal to 2.5% of export turnover, lower than the level permitted by the National Assembly, said the Ministry of Industry and Trade (MOIT).
NDO - The General Department of Customs has launched a trade portal as a single place for businesses to learn about Vietnam’s export-import regulations and procedures, the latest government effort to realise its commitments in facilitating trade.
NDO - The index of industrial production (IIP) in the first six months of this year was reported at a year-on-year increase of 6.2%, with the majority of industrial production sectors demonstrating high growth.
NDO - Vietnam’s credit growth hit 8% in the first half of 2017, the highest level recorded in recent years and the full-year figure is highly likely to meet the target of 18%, given the fact that credit growth usually accelerates in the final months of the year.
NDO – Vietnam’s shrimp exports in the first six months of 2017 reached US$1.56 billion, an increase of 15.7% over the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
NDO - The State Bank of Vietnam (SBV) announced it would cut a number of policy interest rates by 0.25-0.5 percentage points from July 10 in a move to increase credit to the economy and stimulate growth.
NDO - Vietnamese exports may surge by up to 11% in 2017 to an estimated US$195 billion, exceeding the government growth target of 6-7%, according a projection released by the Ministry of Industry and Trade (MOIT).
NDO - Australia’s Anti-Dumping Commission (ADC), under the Australian Department of Industry, Innovation and Science, has decided to stop their investigations and to not impose countervailing duty on Vietnam’s aluminum extrusions.