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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

Experts said that SEEA is a framework that integrates economic and environmental data to provide a more comprehensive and multi-purpose view of the interrelationships between the economy and the environment, and the stocks and changes in stocks of environmental assets. SEEA provides criteria to build physical data on the environment, and link it with the monetary data in the System of National Account (SNA). … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

The growth was fairly even in three main sectors with agro-forestry-fishery increasing by 4.05 percent, industry-construction posting a 9.7 percent growth rate and services climbing 6.7 percent. Meanwhile, the processing and manufacturing sector witnessed a record growth of 13.56 percent in recent seven years. The economic restructuring is moving in a rational fashion with the agro-forestry-fishery sector accounting for a proportion of 10.34 percent in the economy while the industry-construction and services sectors making up of 35.26 percent and 43.77 percent, respectively. More than 26,700 enterprises were established during January-March, with total registered capital of nearly 278.5 trillion VND (12.25 billion USD), up 1.2 percent in volume and 2.7 percent in value compared to the same time last year. Nearly 7,900 businesses added 485.5 trillion VND to their capital while 8,449 others resumed operations. The economy boasted strong development prospects as the number of … [Read more...] about Vietnam’s economy enjoys auspicious start