The mammoth trade deal Regional Comprehensive Economic Partnership (RCEP) is expected to unlock more export markets for Vietnamese agricultural products, according to insiders.
Banks to make provisions for COVID-19 affected loans this year 10:04 | 24/01/2021
Illustrative image (Photo: Zing.vn)
Hanoi - Banks will have to set aside money for potentially unrecoverable COVID-19 affected loans from this year, according to an amended circular drafted by the State Bank of Vietnam (SBV).
Last year, the central bank issued Circular 01/2020/TT-NHNN, allowing banks to avoid making the provisions in 2020 to support banks and borrowers affected by the pandemic.
According to SBV Deputy Governor Dao Minh Tu, the amended circular, which is expected to be issued this month, will support businesses and people with loans, creating conditions for businesses to recover quickly.
Sweet corn processing for export (Photo: VNA)
Hanoi (VNA) – The mammoth trade deal Regional Comprehensive Economic Partnership (RCEP) is expected to unlock more
export markets for Vietnamese agricultural products, according to insiders.
At the “RCEP-UKVFTA opportunities to promote
value chains of Vietnamese agricultural products” recently held in Ho Chi Minh City, Chairman of the Vietnam Farms and Agricultural Enterprises Association (VFAEA) Le Duy Minh laid stress on the world’s largest trade pact which covers a market of 2.2 billion people, with a combined
GDP of 26.2 trillion USD or about 30 percent of global GDP.
RCEP is said to open up ample opportunities for Vietnamese agro-forestry-aquatic products since it forms a large market that includes Vietnam’s key importers such as China, ASEAN, Japan and the Republic of Korea (RoK), he added.
Friday, 13:04, 22/01/2021
VOV.VN - The opening days of the year has seen local enterprises export several shipments of agricultural and aquatic products, creating a positive outlook for export prospects ahead throughout 2021.
The start of the year has seen Trung An High-Tech Agriculture Joint Stock Company export 1,600 tonnes of high-value fragrant rice to the Singaporean and Malaysian markets at high prices. The company has also received an export order from Germany for over 2,000 tonnes of rice, a shipment which will enjoy preferential tariffs thanks to the enforcement of EU-Vietnam Free Trade Agreement (EVFTA).
Elsewhere, several other Vietnamese firms have also exported more than 100,000 tonnes of rice to several foreign markets.