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This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.

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PROCUREMENT MANAGER (RETAIL FASHION) - AU CHAU FASHION & COSMETICS CO., LTD

Founded in 2009, Au Chau Fashion and Cosmetic Company (ACFC) - a division of Imex Pan Pacific (IPP) Group, is the seat of some of the world's premium and most admired fashion brands. ACFC is the leader in brand management and distribution company specializing in international brands in Vietnam, a driving force of retail and distribution networks and provides full-service retail management in the country. Some our brands are Nike, Tommy Hilfiger, Diesel, Tumi, Gap, Calvin Klein, Banana Republic, Mango....

PROCUREMENT MANAGER - ABBOTT

Abbott believes in the power of health. With better health, people and communities can live better and achieve more.
- We create new solutions - in diagnostics, medical devices, nutrition and branded generic pharmaceuticals - that help people around the world, in all stages of life, live their best lives through better health.

INTERNATIONAL SOURCING MANAGER - VIETNAM, THAILAND, MALAYSIA, INDONESIA, INDIA - NIMBUS 9

Our company is a rapidly growing company based in The US and Vietnam. We are evolving into an international sourcing business with a focus on Hygiene products. Our clients are mostly US focused and conglomerates.

IMPORT - EXPORT EXPECTED TO DRIVE CREDIT GROWTH

2020-08-26 17:01:28

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IMPORT - EXPORT EXPECTED TO DRIVE CREDIT GROWTH

 

 

HÀ NỘI — Credit growth for the remainder of the year will be driven by imports and exports, according to a recent survey by the State Bank of Việt Nam.

 

The bank’s Monetary Forecasting and Statistic Department say almost half (49 per cent) of credit institutions that took part in the survey believe this will be the major impetus to boost credit.

 

Wholesale and retail (47 per cent), garment and textile (41 per cent) and construction (40 per cent), were the next best industries according to the findings.

 

These four sectors were also expected to push credit growth in 2021 with import and export predicted to be the major driving force.

 

Credit institutions expected a significant increase in credit demand in the second half of this year, based on economic recovery forecasts and demand for business expansion.

 

Credit risk level of loans in the second half of this year was lower than the first but for the whole year, the risk level would be higher than 2019, the survey found.

 

Credit institutions said they had cut marginal interest rates and costs in the first six months of 2020 to increase credit accessibility for customers. Lending terms would also be more relaxed.

 

However, institutions tightened requirements on mortgaged assets and credit rating, especially loans for real estate business, securities and consumer loans, to ensure credit quality and limit risks.

 

The central bank’s statistics showed credit expanded at less than four per cent in the first seven months of this year, equivalent to only half of the same period last year.

 

Trần Du Lịch, member of the Prime Minister Nguyễn Xuân Phúc Economic Advisory Council, said the credit growth would hardly reach the target of 10 per cent this year, given the low credit absorbability of the economy in the COVID-19 pandemic.