Vietnam Roundup: Threats of fine dust, loans, market rebounds
Deaths from fine dust
A recent workshop revealed that 2,000 - 3,000 people die annually in HCM City due to fine dust pollution from traffic. Associate Professor Vũ Anh Tuấn from the Centre for Transport Research at Việt Nam-Germany University discussed solutions with VOV. HCM City, with around eight million motorbikes and over one million cars, faces severe traffic jams and public health issues. Research from a Việt Nam-Germany cooperation program showed that PM2.5 and PM10 fine dust contribute to these deaths and reduced life expectancy, as per WHO limits, reports Viet Nam News.
Personal loans getting difficult
Banks in Vietnam are making it easier to get small personal loans, but the approval process is still strict. Borrowers of less than VND100 million (USD3,973) do not need a feasibility plan to repay but still have to provide financial records and other information. Some borrowers find the process inconvenient and are turning to consumer finance companies instead. Viet Nam News reports that bad debt at consumer finance companies and banks has been increasing, causing concern for the industry. Getting a personal loan will continue to be difficult and interest rates will remain high.
Enterprises increase in number
In July, Hà Nội authorities issued certificates to 3,007 new enterprises, marking a 20% increase compared to the same period last year. These new businesses have a total registered capital of VNĐ24.1 trillion (US$959 million), a 4% rise. However, 447 firms dissolved, and 2,015 suspended operations, up 52% and 43%, respectively. Additionally, 997 companies resumed operations, a 56% increase, adds Viet Nam News. In the first seven months of this year, nearly 18,000 new enterprises were established in Hà Nội, with a total registered capital of VNĐ162.1 trillion (USD6.4 million).
Market rebounds, VN-Index hits 1,200 points
Shares rebounded on Tuesday, August 6, with the VN-Index reaching 1,210 points after a sell-off on Monday, August 5. Viet Nam News reports that the market saw gains in blue-chip stocks and a strong performance in the securities sector. Foreign investors continued to withdraw capital from the main trading exchange.
Vietjet offers 30% off on Business and SkyBoss tickets
Vietjet is offering up to a 30% discount on Business and SkyBoss tickets for all domestic and international routes. The promotion is available for booking until August 31 and for flights between August 19 and November 30, 2024. SkyBoss tickets offer premium services and up to 50kg of checked baggage. Additionally, passengers flying directly between Vietnam and China will receive 20kg of free checked baggage, as reported by Viet Nam News.
