Year: 2016

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    Vietnam Industry and Trade News Bulletin for November 24, 2016

    ByVN Industry and Trade Bulletin

    A. OUTSTANDING GENERAL ECONOMIC NEWS 1. SME Credit and Financial Challenges • Low Capital Absorption: Although Small and Medium Enterprises (SMEs) and household businesses provide 52% of social employment, they only absorb 3% of total bank loans. Only about 30% of SMEs can access formal bank capital. • Barriers to Financing: Banks often require collateral, which many SMEs lack. Additionally, high interest rates compared to the region and a lack of financial transparency (using dual…

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    Vietnam Industry and Trade News Bulletin for January 18,2016

    ByVN Industry and Trade Bulletin

    A. OUTSTANDING GENERAL ECONOMIC NEWS 1. Banking and Finance • ATM Overload Solutions: To prevent ATM congestion during the Lunar New Year, banks are proactively delivering cash directly to factories to pay workers. • Interest and Exchange Rates: Deposit interest rates increased slightly (0.1–0.5%) for seasonal liquidity, but lending rates remained stable (6–9% for short-term). Exchange rates are forecasted to rise by 3–4%, while inflation expectations are at 6–7%. • Strict Credit Control: The State…

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    Vietnam Industry and Trade News Bulletin for JANUARY 15, 2016

    ByVN Industry and Trade Bulletin

    A. OUTSTANDING GENERAL ECONOMIC NEWS 1. Budget Transparency and Administrative Reforms • Low Budget Transparency: Vietnam scored only 18 out of 100 on the Open Budget Index, significantly lower than the global average of 45,. The country is ranked in the lowest group, characterized by providing “little” or “no” public budget information. • Tax and Customs Reform: The Ministry of Finance aims to reduce at least 10% of tax administrative procedures and simplify 20% of…

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    Vietnam Industry and Trade News Bulletin for January 14, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. Bloomberg: M&A Boom Expected in Vietnam in 2016 Bloomberg predicts that Mergers and Acquisitions (M&A) in Vietnam will set new records this year, driven by foreign investors’ interest in the fast-growing consumer sector . Recent regulatory changes, such as the Investment Law shortening licensing times to 15 days, and the opening of 18 sectors to foreign investment, are facilitating this trend . Notable deals include ANA Holdings (Japan) buying a…