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A port in China’s Guangdong Province has temporarily suspended frozen food imports from Vietnam and 10 other Asian countries since Covid-19 prevention measures have hit its loading capacity. - VnExpress International
Vietnam household debt surges: HSBC report By Vien Thong May 11, 2021 | 01:34 pm GMT+7 An employee counts Vietnamese banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy. Loans to households by the four major state-owned lenders rose from 28 percent of total loans in 2013 to 46 percent last year, according to HSBC. In its latest ‘Vietnam at a glance - What do banks’ balance sheets tell us?’ report, in which they analyze the balance sheets of Vietcombank, BIDV, Vietinbank, and Agribank -- which accounted for half of all outstanding loans last year – the bank’s analysts...
2021-05-06 04:36:13 GMT2021-05-06 12:36:13(Beijing Time) Xinhua English HANOI, May 6 (Xinhua) -- Vietnam earned over 9.5 billion U.S. dollars from exporting textile and garment in the first four months of this year, up 9 percent against the same period last year, according to the country's Ministry of Industry and Trade on Thursday. In April alone, Vietnam's textile and garment exports rose 42.2 percent year on year to around 2.3 billion U.S. dollars. Over the four-month period, the sector posted positive results as the demand in key markets gradually recovered, coupled with positive i...
Fitch Ratings revises Vietnam's outlook to positive By Thuy Tien April 3, 2021 | 03:00 pm GMT+7 The Fitch Ratings building in London, the U.K. Photo by Shutterstock/Willy Barton. Fitch Ratings has upgraded Vietnam’s outlook to positive from stable and retained its credit rating at BB. The upgrading of the outlook indicates the country’s ability to recover from the pandemic sine Vietnam was one of the few countries in the Asia-Pacific region to achieve positive economic growth last year. Explaining its revision to positive, Fitch said Vietnam has been successful in bringing the co...