Economy

“In the near future, we will implement pilot programmes on collecting plastic waste in Hanoi and Ho Chi Minh City,” he said. “And not only are we reducing the plastic used in making water bottles, we will also continue reducing the material volume in many other products. This is to save costs and protect the environment.” … [Read more...] about Global powerhouses to back circular economy

Economic growth decelerated to 3.8 per cent in the first quarter of 2020, compared to 6.8 per cent in the same period last year. Travel and other restrictions imposed by the Government to slow the spread of the virus led to lower domestic consumption. Manufacturing weathered early headwinds but inputs, including those part of global value chains, are being depleted. … [Read more...] about Vietnamese economy to grow despite COVID-19: ADB

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

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 economic growth

Small and medium enterprises have been advised to draw up better financial plans in a bid to withstand the current situation. They should find themselves in dire need of government support, especially in terms of capital, debt extension, interest rate reductions, raw material reserves, as well as a simplification of administrative procedures. … [Read more...] about Spreading COVID-19 presents hurdles for tuna firms