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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

Attending the event were Vietnamese Ambassador to Laos Nguyen Ba Hung; Lao Deputy Minister of Planning and Investment and Vice Chairman of the Laos – Vietnam Cooperation Committee Khamphoi Keokinnaly; Chairman of the Lao National Assembly’s Committee on Planning, Finance and Auditing and Chairman of the Laos – Vietnam Friendship Association Central Committee Vilayvong Bouddakham; and former Director of the Lao National Economic Research Institute Bouasone Bouphavanh, among others. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

Speaking at the ceremony, Ms. Rebecca Bryant, Charge d’Affaires a.i. of the Australian Embassy said: ‘Deeper, stronger ties between our innovation systems is a key goal for our strategic partnership with Vietnam and the Innovation Partnership Grants provide excellent opportunities to nurture innovative ideas and scale on-going partnerships between Australian and Vietnamese organisations. I’m delighted to see more and more collaboration between the research institutions of our two countries.’ … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 13

With regard to the future prospects of the RECP, economists at a recent seminar titled ‘RCEP agreement – Negotiation Updates and Issues Concerned by Businesses’ said that the RCEP can be considered the world’s largest regional trade agreement with its market size being larger than that of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). … [Read more...] about BUSINESS NEWS OCTOBER 12

On behalf of the Political Bureau, Tran Quoc Vuong, Politburo member and permanent member of the Party Central Committee’s Secretariat read the Political Bureau’s acquirement and explanation report on ideas discussed by the Party Central Committee on the 12th Party Central Committee’s draft Political Report and the draft report on the 10-year implementation of the Platform on national construction during the transitional period to socialism (revised and supplemented in 2011). … [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