• THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES

Policy in finance and money to help businesses after the Covid-19 pandemic

The business world is still dealing with low domestic demand and a slow economic recovery. More pressure on inflation risk, the budget deficit, and the government's need to pay back debt.

The Ministry of Construction wants to be "resolved" after a sudden surge in material prices

The Ministry of Construction proposed that the Government appoint the state agency competent to decide on investment to direct the project owner to report on assessing difficulties, problems, and causes (subjective and objective); clearly define the parties' responsibilities and the legal basis for contract adjustment (including BOT contracts).

Vietnamese cuisine will be on exhibit at the Hong Kong Food Expo

The Hong Kong Food Expo is held from August 11 to 15, and Vietnamese items such as rice and rice products, seafood, spices, cashews, pepper, and coffee... are highly valued by Hong Kong residents.

If you wish to export your items to the United Kingdom, you must obtain the UKCA mark

There are already Vietnamese businesses producing gloves, masks, protective suits, steel, aluminium, building glass, and hardwood flooring that have successfully incorporated UKCA into their goods.

Inflation's impact on the stock market

Inflationary pressures and the trend of central banks across the world raising interest rates to combat inflation have caused most major stock markets to fall in the first six months of the year.

Profits for industrial park investment firms might increase by over 50% in the second half of 2022

According to SSI Research, earnings of industrial park investment corporations might climb by about 50% in the second half of 2022 as a result of increased demand for industrial land, which is predicted to increase by an average of 8-20% over the same time, depending on the location.

Thanh Hoa has attracted about 13.5 billion USD in international investment

Nghi Son Economic Zone (EZ) and Industrial Parks (IZs) of Thanh Hoa province have attracted 671 projects, including 605 domestic investment projects with a total registered investment capital of 169,333 billion VND and 66 foreign investment projects (FDI) with a total registered investment capital of more than 13.5 billion USD, after a period of implementing policies calling for investment attraction.

The SBV has a framework in place for dealing with bad debts for the Project

The plan was designed in accordance with Decision No. 689/QD-TTg and the Scheme's contents, carefully following the views, orientations, aims, tasks, and solutions to reorganize the credit institution handling system. Decision No. 689/QD-TTg and Scheme specify the bad debt management period 2021-2025.

Vietnam spends USD 50 billion on computer, electronic, and component imports

The import-export group with the highest turnover in the country is computers, electronic devices, and components. In general, the turnover of this group of commodities reached more than 50.1 billion USD in the first seven months of the year, a 25.2% rise over the same period the previous year, and accounted for 23.13 per cent of overall import turnover in the country.

Binh Thuan's labour market is thriving, with several work possibilities available

With a slew of firms constantly giving solutions for finding human resources and implementing several policies for large-scale recruiting, job possibilities in Binh Thuan and nearby provinces are more plentiful than ever.

The apartment market attracts buyers, real estate in the alley “reduces heat”

The real estate market is witnessing interesting reversals when apartment products dominate the buying and investment choices of Vietnamese people. Meanwhile, a once-popular segment of real estate in the alley “reduced heat”.

BAC A BANK officially offers 16 million bonds to be issued to the public in the first phase

To supplement medium and long-term capital, meet the needs of increasing the bank's operational scale, and diversify the investment portfolio of customers, from August 5, 2022, Bac A Commercial Joint Stock Bank (BAC A BANK) officially offered 16 million bonds to the public in the first phase with a par value of 100,000 VND/bond.

Exchange rate fluctuations threaten year-end imports

The management of the exchange rate and foreign currency market was under pressure due to the complicated and unpredictable movements of the international market. Import and export enterprises need to actively respond to exchange rate fluctuations to reduce risks in the last months of the year.

The World Bank, Vietnam's GDP would rise by 7.5% in 2022

According to the World Bank's most recent study, Vietnam's economy expanded 5.2% in the fourth quarter of 2021, 5.1% in the first quarter of 2022, and 7.7% in the second quarter as consumers satisfied previously pent-up demand and overseas arrivals rose.

Financial strategy - state budget 2023-2025: Increase domestic revenue by 8-9% every year on average

Circular 47/2022/TT-BTC mandates and proposes to collect the state budget for three years from 2023 to 2025 to increase the domestic income growth rate, excluding land use charges, lottery, and state capital sales. Dividends, profit after tax, and the gap between State Bank income and expenditures are around 8-9%/year on average across the country.

Vietnam's trade surplus is still low and unsustainable

The current trade surplus is still low, unsustainable, and the risk of trade deficit still exists. However, export turnover has increased.

Fertilizer exporters soon exceed profit targets

The fact that businesses make good use of market opportunities and promote exports when prices are high have helped many companies' 6-month business results exceed the plan.

Remittances to Ho Chi Minh City fell in the first six months of 2022

According to the State Bank of Ho Chi Minh City Branch, the total amount of remittances transmitted to the city through credit institutions and economic organizations reached 3.16 billion USD in the first six months of 2022, a 13 per cent decline from the same time in 2021.

Trung Minh urban area - Geleximco, Thinh Lang residential area, and Phuong Lam residential area in Hoa Binh are not yet for sale

The Sudico - Sudico Hoa Binh Joint Venture's Thinh Lang Residential Area; Golden Star Construction Joint Stock Company's Phuong Lam Residential Area; and the Trung Minh - Geleximco ecological urban area project (59.84 ha) invested in by Geleximco Group, Joint Stock Company and Hanoi General Investment Joint Stock Company is not permitted to buy and sell.

Seafood exports are cooling, and growth is slowing

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), following a rapid surge of 39-62 per cent in the first four months of the year, seafood exports began to slow in May.