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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

At the event, the FTU, the Centre for Data Science and Service Research - Graduate School of Economics and Management of Tohoku University (Japan), the Faculty of Economics and Business Management of National University of Laos, and the Climate Change Research Centre at the Viet Nam Institute of Meteorology, Hydrology and Climate Change signed an agreement on furthering co-operation in research and education on climate change and economic development. They also launched a network to expand joint research and education on climate change. … [Read more...] about VIETNAM BUSINESS 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

Vice Minister Bui The Duy from the Ministry of Science and Technology commented: ‘The innovation partnership between Australia and Vietnam has proven to be an effective mechanism for the two countries to share best practice and models to enhance the innovation systems in both countries. We hope grants provided under the Aus4Innovation program will set examples of how innovation – particularly when it can jointly developed and implemented – can transform our society and deliver economic, social and environmental sustainability.’ … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 13

Politburo member, Prime Minister Nguyen Xuan Phuc, on behalf of the Political Bureau, presented the Political Bureau’s acquirement and explanation report on ideas discussed by the Party Central Committee on the draft report summarising the implementation of the socio-economic strategy in the 2011-2020 period and the building of a socio-economic development strategy for the 2021-2030 period; the draft report on the socio-economic situation in the 2016-2020 period and the socio-economic development plan for the 2021-2025 period. … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 13