After years of sluggish growth, Vietnam’s corporate bond market has blossomed. Issuances grew at a compound annual growth rate of 40 per cent between 2012 and 2019, and outstanding issuances amounted to around 11.5 per cent of Vietnam’s GDP – the fourth-highest in ASEAN, and further gains are likely.
Commercial banks are trying to boost individual consumer loans, especially to home and car buyers, since credit growth had slowed due to low capital demand from businesses.
Viet Nam urgently needs consultation from international organisations, ministries, partners and scientists to ensure recovery and sustainable, inclusive growth post-COVID-19 pandemic, Minister of Planning and Investment Nguyen Chi Dung has said.
The gross domestic products (GDP) of Viet Nam grew 2.12 per cent in the first nine months of this year, the lowest nine-month growth rate in the 2011-2020 period, the General Statistics Office said on Tuesday.
Amid the health crisis, Vietnam is boosting economic and policy reforms for sustainable development. Nguyen Dinh Cung, member of the Advisory Group of the government, talked about the importance of such reforms and what they require for success.
Mobile World Investment Corporation (MWG)’s household electronic appliance chain in Cambodia, similar to the Dien May Xanh chain in Vietnam — will celebrate its 20th store by the end of September to then start gunning for 50 stores before the year is out.
The World Bank has revised its 2020 growth forecast for Cambodia to -2.0 per cent as its main growth drivers – construction, tourism, and merchandise exports – continue to be affected by the Covid-19 pandemic, the economic update said.
As many companies cope with debts caused by the economic fallout due to the pandemic, they are unable to take loans for maintaining or expanding their business lines. In this scenario, in which banks see themselves confronted with excess capital, Dr. Vu Dinh Anh from the Ministry of Finance’s Price Market Research Institute warns about possible inflation if banks and state policies choose the wrong way.
Although the country’s GDP growth in the third quarter is estimated at a decade-low of 2.62%, this is an improvement from the 0.36% growth in the second quarter.
Lying in the centre of the Mekong Delta region, Can Tho city is delivering ample room for industrial real estate development, with a raft of projects on logistics centre and industrial zone development up for grabs.