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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

The Vietnam Association of Seafood Exporters and Producers (VASEP) said the US and Europe have the largest demands for tuna. A survey by US-based firm Tri Marine, which is now owned by Italy’s Bolton Group showed that canned tuna, which is a key export item of Vietnam, is favoured over other tuna products in the US market. … [Read more...] about BUSINESS NEWS OCTOBER 12

On behalf of the Political Bureau, Pham Minh Chinh, Politburo member, Secretary of the Party Central Committee and Chairman of the Party Central Committee’s Organisation Commission, presented the Political Bureau’s acquirement and explanation report on ideas discussed by the Party Central Committee on the draft report reviewing the implementation of Party building work and enforcement of the Party Statute of the 12th term. … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 13