Credit growth reported at 9.06% in six months

Credit growth reported at 9.06% in six months

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)

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Viettel profits VND1 billion from international investment

  Jul 18, 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%.  

Lowered lending rates to boost economic growth

  Jul 17, 2017
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. 

Why State Bank of Vietnam has kept deposit rates unchanged

  Jul 14, 2017
NDO - The State Bank of Vietnam has recently decided to lower the interest rates on short-term loans to priority sectors by 0.5 percentage points and some policy rates by 0.25 percentage points.  

Trade deficit for 2017 forecast at US$5 billion

  Jul 14, 2017
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).  

World Bank: Vietnamese economy’s outlook positive, growth projected at 6.3%

  Jul 13, 2017
NDO - Vietnam’s medium-term outlook remains positive, with gross domestic product projected to increase slightly to 6.3% in 2017, according to a report released by the World Bank on July 13.  

Vietnam trade portal launched as one-stop shop for export-import regulations

  Jul 12, 2017
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. 

Vietnam’s growth projected to accelerate towards year-end

  Jul 10, 2017
NDO - Vietnam’s economy is forecast to expand by 6.9-7.2% in the third quarter of 2017 and 7.3-7.5% in the final quarter, according to the National Financial Supervisory Commission (NFSC). 

Many industrial production sectors see high growth

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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.  

Boosting credit to support economic growth

  Jul 10, 2017
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. 

Shrimp exports expected to increase in last six months

  Jul 08, 2017
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).  

IMF reduces growth forecast for Vietnam in 2017 to 6.3%

  Jul 08, 2017
NDO - The International Monetary Fund (IMF) has revised its growth forecast for Vietnam in 2017 down to 6.3% from its previous projection of 6.5% in May.  

Vietnam’s central bank cuts policy rates to boost growth

  Jul 08, 2017
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.  

Vietnamese exports forecast to reach US$195 billion in 2017

  Jul 08, 2017
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).  

Australia stops investigation into Vietnam’s aluminum extrusion

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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.