VNBusinessNews – Although several commercial banks have resumed providing loans for individuals, borrowers have not been materialising. According to analysts, with the current economic downturn, residents are afraid that they will be unable to repay the loans and so hesitate to apply for one. And though banks have simplified the loan procedures, customers still must [...]

VNBusinessNews – The HSBC Viet Nam has been named the “Best Sub-Custodian Bank” and “Best Trade Finance Bank” in Viet Nam by The Asset magazine’s Triple A Awards which recognises excellence across Asia. The best banks and deals are selected in each category, combining points scored for both quantitative and qualitative factors to determine winners. [...]

VNBusinessNews – The Government’s target of 100,000ha of rubber trees to be grown in the Central Highlands is unlikely to be reached by the 2010 deadline, officials of the Ministry of Agriculture and Rural Development warned. Having grown for two years, the region has completed just 26 per cent of the total plan, or an [...]

VNBusinessNews – The first two months of 2009 have seen rice exports increase in both quantity and revenue, twice as much compared to the same period last year. However, total exports are likely to reach only $8 billion, down five percent compared to last year, according to the Ministry of Planning and Investment. Viet Nam [...]

VNBusinessNews – Viet Nam consumed 300,000 tonnes of steel in February, an equivalent to the volume in December 2008, according to the Ministry of Industry and Trade (MoIT). Thanks to an abundant supply and the positive impact of financial support policies, steel prices remained stable, ranging between VND11.000-11.650 million/tonne in the north and between VND11.100-11.560 [...]