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The government has ordered the central bank to cut interest rates to increase sluggish credit rates and reduce business closures, but economists say the country should not seek to increase credit growth at any cost since credit quality is more inportant than just numbers.
Vietnam should hire foreign consultants to assess bids for ODA-funded projects because there is a lack of local capacity and the country is losing by accepting ODA even when firms in donor countries quote very high prices, a former senior official says
MASkargo, the air cargo unit of Malaysia Airlines, has launched its route to Hanoi, two years after its debut flight to Ho Chi Minh City, to continue tapping the growing economy in Vietnam.
FPT Corp., Vietnam’s largest publicly traded telecommunications and software company, aims to complete two takeovers this year as it seeks to boost international sales, Chairman Truong Gia Binh said.
Vietnamese contractors have improved their technical skills and learned to make use of their local knowledge to win bidding over foreign competitors in local construction projects.