Bad news 11

Finally, as the standard of living is improving around Vietnam, the need for consumer durable loans and two-wheeler loans issued at the point-of-sale (POS) continues to grow steadily. FE CREDIT’s total loans at POS make up 9 per cent of the total loan book and grew nearly 10 per cent vs. the first quarter. It has captured the increase in market demand by boosting strategic partnerships with leading retailers who make up the bulk of the home appliances and two-wheeler sales in Vietnam. … [Read more...] about BUSINESS NEWS OCTOBER 11

According to Trinh Quoc Vu, deputy head of Energy Saving under the Ministry of Natural Resources and Environment, with some 6,000 factories employing more than 3 million people, the industry is both economically and socially important for the country. However, the sector has an adverse environmental impact. Intensive water extraction, use and discharge of wastewater and high energy consumption for water heating and steam generation are all environmental concerns. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

Speaking at a press briefing yesterday, Huỳnh Văn Hùng, chief of HCM City Statistics Office, said: “This indicator has gradually improved over the last 10 years, from 0.9 per 10,000 in 2009 to only 0.2 per 10,000 this year. The proportion of families having housing is 99.8 per cent. The average housing area per capita this year is 19.4 square metres per person.” … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 13

Trang also pointed out that with regard to the CPTPP, the country has faced an array of difficulties in taking full advantage of tariff incentives on garments and textiles as Vietnamese products must adhere to rules of origin whereby a certain ratio of materials from a product must originate from other CPTPP members. Currently, most of the nation’s supply sources of materials originate from China. … [Read more...] about BUSINESS NEWS OCTOBER 12

Speaking at the event, Permanent Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Hoàng Văn Nghiêm asked party committees, administrations, departments and agencies at all levels, especially border districts and communes, to follow the Party Central Committee’s resolutions on national border protection and abide by three legal agreements on the Việt Nam-China mainland border, as well as the Law on National Borders. … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 13

The retail sales of goods reached VND2,4 trillion (US$10.2 billion) in the first nine months of this year, occupying 75.2% of the total sales and up 12% over the same period last year. The accommodation and food services, which accounted for 12.3% of total sales, recorded a value of VND396 trillion (US$16.9 billion) during the period, a year-on-year rise of 8.4%. The travel services brought in VND30.3 trillion (nearly US$1.3 billion), making up 0.9% of the total value and is up 16.9% over the corresponding period last year. The sales of other services during the first nine months reached VND375.7 trillion (over US$16.05 billion), a hike of 9.7% in comparison to the same period last year, contributing 11.6% to the total value. In September alone, the total value of retail sales and consumer services was estimated at VND374.8 trillion (US$16.01 billion), up 1.3% from the previous month and a year-on-year increase of 12.5% … [Read more...] about Retail and consumer services rise 11.3% in first nine months