vietnam

Technology transfers from foreign to local firms are not happening, Tung Dinh Dang, Deputy Director of the Department of Technology Assessment, via Tuoi Tre. Instead, foreign firms are only transferring technology to their Vietnamese subsidiaries. Dang says, the workers often using the technology do not have the skills or education

Vietcombank and BIDV are among the first banks in Vietnam to allow customers to borrow in order to pay loans at other banks, The Investor is reporting. Regulations that restricted taking out loans to pay off other loans were rolled back earlier this month. Why it matters: By giving customers

Vietnam’s credit growth has reached just 5.33 percent as of the end of August, The Investor is reporting. This is slightly up from July’s 4.56 percent but substantially far away from the 14 percent target for the year.  Consider this: The article notes that businesses are reluctant to borrow and

VN Express is covering the closure of an international school in Hoi An whereby the foreign owner closed down the school and left the country rather than declaring bankruptcy. The article says a report has been lodged with the local police but if there is money to be refunded it

Vietnam needs to cut interest rates further to stimulate borrowing, according to an article in The Investor. Credit growth, at 4.73 percent in June, is well below the 14 to 15 percent target for the year. The article goes on to reference several experts who support a further reduction in

Loosening monetary policy in Vietnam will only work if flagging demand is addressed too according to Binh Duy Le, Director of Economica Vietnam, and reported by VN Economy. In recent weeks, Vietnam’s economic focus has been on increasing exports and reducing business costs through interest rate and fee cuts. Le,

Doanh Nhan Online is carrying an article about a Visa report from May this year (found here) in which 90 percent of Vietnamese consumers express an interest in virtual banking services. Something to think about: The report also mentions that 76 percent of consumers in Vietnam had gone cashless for

Tran Ngoc Bau, CEO of Ho Chi Minh City-based financial data provider WiGroup, has said a devaluing Vietnamese dong is only temporary and that it will bounce back, The Investor is reporting. Tran says remittances, a surplus in Vietnam’s balance of payments, and an end to interest rate hikes in

A total of 18 companies have been reminded that they are late in submitting their 2023 half-year audited financial statements, Kinh Te Saigon Online is reporting. Most of the 18 companies have been in the news for all the wrong reasons of late.  APAX Holdings, which made the list, has