Bao Viet Securities (BVSC) commented that the interest rates SBV has cut mostly support the liquidity of the banking system and reduce short-term interest rates in the interbank market. The connection between these short-term interest rates with real lending interest rates is limited. According to Bui Quang Tin, a respected finance and banking expert, adjusting the interest rates is suitable to the current inflation rate, exchange rate and other macroeconomic factors, but the interest rate cuts will have an impact in the medium and long term. … [Read more...] about Businesses want more than just an interest rate cut, seek bailout
Business chapter 13
"We wanted to create an exciting new product, or even a new culinary tradition, after schools, airports and eateries cut orders for our goods. The dragon fruit bread also solved a major problem: tons of dragon fruit usually exported to China could not go there any more after the country stopped taking deliveries because of Covid-19." … [Read more...] about Businesses find opportunity in Covid-19 pandemic
HÀ NỘI — According to a directive from the Prime Minister, social distancing will be applied nationwide for 15 days starting from April 1, in an attempt to contain the spread of coronavirus, and only factories, businesses and service establishments producing and providing essential goods and services are allowed to remain open. … [Read more...] about Which businesses will remain open during national social distancing?
According to Mac Quoc Anh, Vice President and General Secretary of the Association of Small and Medium-sized Enterprises, this marks the time for experienced enterprises to restructure their organisation and production chains so they can get ahead and enjoy more efficient business strategies in the context of Industry 4.0. … [Read more...] about Businesses forced to adapt during COVID-19 crisis
Hanoi (VNA) – Vietnam’s agriculture sector gained a trade surplus of nearly 2.9 billion USD in the first quarter of 2020, up 48.9 percent from a year earlier, according to the Ministry of Agriculture and Rural Development. During the three-month period, the sector achieved a total trade value of approximately 15.2 billion USD from horticultural, forestry and aquatic products, with exports worth 9.06 billion USD, equal to the same period last year; and imports of about 6.2 billion USD, down 13.2 percent. Exports of key horticultural products declined 3.1 percent year-on-year to 4.2 billion USD. A similar trend was witnessed in exports of main forestry products (2.8 billion USD, down 16.13 percent), aquatic products (1.5 billion USD, 14 percent) and livestock products (109 million USD, 21.8 percent). However, several items maintained growth, including rice, cassava, and wood and timber products. The country exported 1.7 million tonnes of rice from January – March for … [Read more...] about QI agriculture posts nearly 49 percent growth in trade surplus