With trade protectionism increasing, Vietnamese companies should prepare for trade-related lawsuits and disputes but also capitalise on possible opportunities from the ongoing US-China trade war, a top trade remedy official has said.
The central bank is drafting a new circular regulating credit institutions’ trading and handling of non-performing loans (NPL) with the aim of forcing the institutions to focus more on bad debt settlement.
Poorly-performing State-owned people’s credit funds – a type of credit institution focusing on people in rural areas to help them escape poverty and avoid dependence on loan sharks – will be merged, acquired or dissolved to ensure the safety of the country’s finance and banking system.
The Ministry of Transport on March 21 asked the Government for approval to use VND4.2 trillion (US$181 million) from the budget of the Airports Corporation of Vietnam (ACV) to upgrade runways at Noi Bai International Airport in Hanoi and Tan Son Nhat International Airport in HCMC, the local media reported.
Vietnam Air Services Company (VASCO) today, March 23, announced the cancellation of many flights from HCMC to the southern airports of Ca Mau and Rach Gia, and from the Mekong Delta city of Can Tho to Phu Quoc Island, because of technical problems.