The Vietnam Leather and Footwear Association (LAFASO) in collaboration with Dun & Bradstreet (D&B) Company- the world's leading source of commercial information and insight on businesses held a seminar in HCM City on November 4 to help footwear businesses overcome difficulties.

The total credit debt balance of the private sector (private debts) in Vietnam is equal to 125 percent of GDP.

A recent EuroCham Business Climate Index survey shows a “wait and see” attitude among European companies towards investment plans of in Vietnam. The Saigon Times Daily had an interview with EuroCham Chairman Alain Cany regarding whether the coming time will see a decrease in European investments. Excerpts

Industry insiders are digging into banking sector restructuring.

Addressing the 13th National Assembly’s ongoing second section, Prime Minister Nguyen Tan Dung asserted re-arranging commercial banks, credit and financial institutions in the direction of expanding their scope in a rational manner and trimming feeble banking and credit entities was one of core tasks in 2012 and the following years.

Chinfon Global Corporation is deploying a cooperative agricultural project in HCMC’s outlying district of Cu Chi designed to help farmers learn how to make a living. The project’s first stage from July 2007 to December 2010 has been successfully wrapped up and the second stage has immediately followed thereafter. The Saigon Times Daily talked to Hu Cha-Chi, advisor to the Chinfon Global Corporation, who is overseeing this project. Excerpts follow.