Dung Quat Refinery

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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 7, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. WB Forecast: Modest Global Growth in 2016 In its Global Economic Prospects report released on January 6, the World Bank forecasts the global economy will grow by a modest 2.9% in 2016, a slight improvement from 2.4% in 2015 . The modest growth is attributed to a slowdown in major emerging economies like China (forecast at 6.7%) and Brazil . However, the WB notes that strong growth in Vietnam and…