27.8 C
Ho Chi Minh City
Thursday, June 13, 2024

spot_img

TAG

consumption

Driving capital flows

Given geopolitical turmoil and weakened domestic consumer demand, Vietnam’s export sector’s recovery is at risk of stalling. This challenging economic landscape makes it hard to absorb the anticipated VND2 quadrillion in credit and hundreds of trillions more in private and public investments projected for this year. Rethinking monetary policy amid slow credit growth According to the State Bank of Vietnam, credit growth remained sluggish in the year through mid-February. Commercial banks attribute this slow growth to seasonal factors and weak demand. Nguyen Thanh Tung, general director of Vietcombank, noted a decrease of around VND30 trillion in outstanding loans by the end of January compared to late 2023. This decline is primarily due to reduced mortgage loans throughout 2023 and in January, amidst challenging business conditions marked by declining incomes among citizens and a sluggish real estate market due to supply shortages. Real estate firms are still grappling with legal hurdles related to land issues, causing delays in new project approvals and hindering the disbursement of medium- and long-term loans. In addition to these challenges, several credit segments experience seasonal fluctuations. For example, outstanding loans for international payments typically increase at year-end due to holidays but dip as customers settle debts […]
To read more, please click here.

Going green for global market expansion

Major international retailers are eyeing Vietnam as a crucial supplier and are establishing their presence by setting up offices in the country. This increased...

Understanding consumers

In every economy, domestic consumption plays a crucial role. As Vietnam's export values are projected to grow around 9-10% in 2023, it becomes essential...

A time for price cuts

When low-price goods and services are preferred, it means consumers are having lower disposable incomes. This phenomenon is now seen in many European countries...

Consumption still weak

The socio-economic report for Q2 and the first half of 2023 indicates that the gross domestic product (GDP) in Q2 was estimated to increase...

PouYuen to lay off thousands of workers this month

 HCMC - Given the shortfall of new orders for this year, PouYuen Vietnam will not renew its employment contracts with around 3,000 workers this...

Consumption seen weak in year-end season

What should import-export companies be alert to from now until the end of the first quarter of 2023? Should they be chasing the commodities...

Vietnam’s coal consumption to surge in 2025-35

HCMC – Vietnam will ramp up coal imports in the 2025-2035 period as coal consumption is forecast to reach its peak between 2030 and...

Why consumption soars despite falling income

This article attempts to explain why final consumption by the public has soared although income has fallen drastically due to Covid-19 and measures aimed...

Most economic indicators of Vietnam see positive growth in Nov

HCMC – Vietnam’s industrial production, retail sales and newly established enterprises enjoyed positive growth in November thanks to improved economic conditions, according to the...

Latest news

spot_img