Consumer credit needs legal framework: Experts

Consumer credit needs legal framework: Experts

It is critical to develop a proper legal framework for consumer credit to protect the legitimate rights of both borrowers and lenders, experts have said.
Retail businesses "aggressively" expand scale

Retail businesses "aggressively" expand scale

VCN - As the economy gradually recovers, people's consumption demand increases after being affected by the pandemic. Therefore, retail businesses have accelerated investment and cooperation to increase brand coverage in the market.
VAT reduction will reduce pressure on price level after Lunar New Year

VAT reduction will reduce pressure on price level after Lunar New Year

VCN - The CPI in January rose 1.94% and core inflation increased by 0.66% compared with the previous year. The price of nine out of 11 main goods and services saw a month-on-month increase.
China remains largest consumer of Vietnamese farm produce

China remains largest consumer of Vietnamese farm produce

Despite the recent backlog of vehicles at customs posts, China was still the largest consumer of Vietnamese fruit and vegetables in 2021.nbsp;
Pay special attention to the five "don

Pay special attention to the five "don'ts" when doing business in the EU

VCN - The EU-Vietnam Free Trade Agreement (EVFTA) not only opens up opportunities to help Vietnam become an important "link" in the global supply chain, but also creates opportunities for Vietnamese businesses in the EU market.
US emerges as largest consumer of Vietnamese farm produce

US emerges as largest consumer of Vietnamese farm produce

The United States surpassed China to become the largest importer of Vietnamese agricultural products during the initial two months of the year, with export turnover reaching over US$2 billion, according to statistics released by the Ministry of Agricultur
Promoting domestic consumption: Motivation from consumer finance

Promoting domestic consumption: Motivation from consumer finance

VCN - To restore and grow the economy after the Covid-19 pandemic, one of the five "breakthroughs" proposed by the Prime Minister is to boost domestic consumption.
Vietnam’s pre-lockdown period saw abnormal FMCG spending: Kantar

Vietnam’s pre-lockdown period saw abnormal FMCG spending: Kantar

Consumer spending in Vietnam’s fast-moving consumer goods (FMCG) sector hit double-digit growth in the first quarter of 2020, which is attributable to the abnormal spike over the first eight weeks of the novel coronavirus pandemic in the country.
China remains largest consumer of Vietnamese farm produce

China remains largest consumer of Vietnamese farm produce

The opening four months of the year saw China import US$2.8 billion worth of agro-forestry-aquatic products from the nation, accounting for the largest market share, followed by the United States and EU with US$2.78 billion and US$1.3 billion, respectivel
Foreign banks start consumer finance boost in Vietnam’s market

Foreign banks start consumer finance boost in Vietnam’s market

Foreign banks have decided to boost consumer finance loans as the business segment is forecast to maintain double digit growth this year
At the end of the year, be careful with black credit tricks

At the end of the year, be careful with black credit tricks

VCN- According to the State Bank, the whole system currently has 16 active financial companies, including 12 consumer credit finance companies such as FE Credit, Home Credit, MCredit.
Major trends in Vietnam’s consumer market

Major trends in Vietnam’s consumer market

Vietnam middle class the foundation of consumers is rising fast
Businesses urged to follow consumer trends for RoK market penetration

Businesses urged to follow consumer trends for RoK market penetration

Aside from improving product quality, local businesses and producers have been urged to take on board information relating to consumers’ tastes and trends, standards and technical barriers set by the Republic of Korea in order to make inroads into the mar
Central bank sets to tighten unsecured consumer finance

Central bank sets to tighten unsecured consumer finance

Regulations on personal unsecured lending by consumer finance companies will be tightened if a draft circular of the State Bank of Vietnam (SBV) takes effect.
Experts worry consumer credit risks

Experts worry consumer credit risks

They have raised their disquiet about the big risks of consumer lending emerging from high interest rates and bad debts.
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