Banks direct credit flow into manufacturing, business sectors

Banks direct credit flow into manufacturing, business sectors

By the end of June this year, credit growth is estimated at 5.5-6 percent compared to the end of last year. With this growth rate, a representative of the State Bank of Vietnam (SBV) said that the credit growth target of 12 percent would still be achieved by the end of this year. The SBV will closely monitor macroeconomic developments, the situation of the pandemic domestically and internationally to direct credit growth to focus on lending to the fields of production and business and contribute to promoting economic development.
Indonesia: Food, beverage sectors contribute largest to H1 exports

Indonesia: Food, beverage sectors contribute largest to H1 exports

The food and beverage, and basic metal industries continued to make the largest contribution to Indonesia's exports in the manufacturing sector, with US$13.73 billion and $10.87 billion worth of exports, respectively, during the first half of 2020.

Mining industry indicator continues to dip

Mining industry indicator continues to dip

Even though mining industry plays a pivotal role in the country’s economy, the industry dipped in two years because of difficult exploitation and dependence on world markets.