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Day: January 15, 2024

Vietnam Clothing Suppliers: Quick Guide 2024

the-shiv January 15, 2024

Vietnam clothing suppliers are many and varied, producing any number of items of clothing from shoes to hats and everything in between. This is off the back of low labour costs and a long history of making clothing, both bespoke and mass manufactured. This has also seen this burgeoning Southeast

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Survey finds outlook not bright for Vietnam businesses this year

the-shiv January 15, 2024

Almost 73 percent of businesses in Vietnam intend to scale-down, temporarily suspend operations, or shut-up shop altogether in 2024, according to a survey conducted by the Private Economic Development Research Board (Division IV) and VN Express. Pulled from the responses of 2,700 Vietnamese businesses, the survey also found that of

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Vietnam lottery revenue hits highest point ever

the-shiv January 15, 2024

Vietnamese lottery firms recorded revenue of US$1.87 billion in 2023 up from US$1.4 billion in 2022, Zing News is reporting. There is no analysis provided, however, this is not necessarily a good thing. It is common for spikes in lottery ticket sales to coincide with periods of economic uncertainty as

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Retail credit in Vietnam is reportedly on the decline

the-shiv January 15, 2024

Vietcombank Securities Company (VCBS) has released a report in which it found the share of retail loans of total credit in Vietnam had fallen from 47 percent in 2022 to 46 percent at the end of November, Vietnam Plus is reporting. Of note, the situation has changed dramatically since this

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Vietnam banks continue to cut deposit interest rates

the-shiv January 15, 2024

Interest rates on deposits at Vietcombank, one of Vietnam’s biggest banks, have been cut to as low as 1.7 percent on some accounts, Vietnam Plus is reporting. This is on the back of lower demand for loans. Of note, however, is that this comes after Vietnamese banks issued an average

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