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recovery

As recovery continues, Việt Nam awaits further lift

As recovery continues, Việt Nam awaits further lift

Việt Nam’s economic recovery continues to firm up as the Year of the Dragon progresses. Growth improved in the second quarter, rising 6.9 per cent year-on-year, according to economists from HSBC Vietnam.
Banks estimate large extraordinary revenues from debt recovery

Banks estimate large extraordinary revenues from debt recovery

Some banks, including MSB, Sacombank, VIB and Saigonbank, are expecting extraordinary revenues worth upto trillions of Vietnamese đồng from debt recovery this year.
Việt Nams export recovery gains momentum

Việt Nam's export recovery gains momentum

Việt Nam’s exports have been on a path of recovery since the beginning of the year. According to a report from the General Statistics Office (GSO), the total export turnover of goods in the first two months of 2024 reached...
Bad debt recovery faces many challenges in 2024

Bad debt recovery faces many challenges in 2024

Under the amended Law on Credit Institutions recently passed by the National Assembly, credit institutions do not have the right to repossess collateral.
Businesses benefit from tourism recovery, but risks remain

Businesses benefit from tourism recovery, but risks remain

The strong recovery of tourism has helped businesses in the industry prosper. However, risks such as economic recession, high interest rates and interest expenses still affect corporate profits.
Exports hit by weakening global demand, hindering economic recovery

Exports hit by weakening global demand, hindering economic recovery

Viet Nam’s economic recovery remains challenged with exports being hit hard by weakening global demand, experts said.
Banking sector must aid businesses for faster economic recovery: PM

Banking sector must aid businesses for faster economic recovery: PM

The Prime Minister said economic development had experienced some setbacks, with a recorded growth lower than last year. To adapt and, more importantly, to move the economy in the right direction, additional support for businesses and citizens must be a...
Slowing realty market hinders big banks in bad debt recovery

Slowing realty market hinders big banks in bad debt recovery

According to the audited consolidated financial statements for 2022 of the four banks,  Vietcombank, VietinBank, BIDV and Agribank, the value of collateral for loans at the banks exceeded VND2 quadrillion each.
HCM Citys economic recovery remains challenged for the rest of 2023

HCM City’s economic recovery remains challenged for the rest of 2023

HCM City’s economic recovery will likely face challenges for the rest of the year, putting in doubt that upcoming quarters will achieve their 2023 growth targets, a city official warned.
Viet Nams economic recovery remains bumpy, putting pressure on upcoming quarters

Viet Nam's economic recovery remains bumpy, putting pressure on upcoming quarters

The latest data from the General Statistics Office (GSO has shown Viet Nam''s economic recovery remains bumpy, putting pressure on upcoming quarters to achieve the Government''s socio-economic goals for the year.
High rates hurting businesses, hamper economic recovery

High rates hurting businesses, hamper economic recovery

High interest rates have been hurting businesses'' ability to invest in ramping up production capacity, said industry insiders and economists.
Socio-economic recovery programme reaps fruit

Socio-economic recovery programme reaps fruit

After two years of struggling to deal with COVID-19, seemingly the biggest game changer of the global economy in the century,  Viet Nam has found its way to respond appropriately to the pandemic and even thrive.
Banks required to cut rates to support economic recovery

Banks required to cut rates to support economic recovery

Nguyen Thi Hong, the Governor of the State Bank of Vietnam (SBV), has directed banks to continually reduce input costs with an aim to cut loan interest rates.
VCCI comments on draft resolution on firms recovery

VCCI comments on draft resolution on firms' recovery

As the Ministry of Planning and Investment is gathering comments on a draft resolution on favourable policy to boost firms'' recovery, the Vietnam Chamber of Commerce and Industry (VCCI) asks for clarification on several notions.
Viet Nams economic recovery to accelerate remarkably in H2: Standard Chartered

Viet Nam’s economic recovery to accelerate remarkably in H2: Standard Chartered

Viet Nam’s economic recovery will be stronger in the second half of 2022, particularly as the country resumed its tourism activities after a two-year closure.