The US Department of Agriculture (USDA) noted the market is fond of fragrant rice from Vietnam, including the ST25, one of the world’s best rice varieties. Vietnam’s rice exports to the US surged by 71.3% during the first five months of this year, the highest increase in all major markets. A report from the Ministry […]
Read MoreA survey by the Bank for International Settlements (BIS) published in May states that there are currently 81 countries participating in Central Bank Digital Currency research and development (CBDC), compared to only eight countries before 2017. More than half of the Central Banks named in the survey are in the development or pilot stage, and […]
Read MoreThe banking sector is set to continue promoting the use of non-cash payment methods with greater convenience and safety for the public. The State Bank of Vietnam (SBV) targets to have 65-70% of the public in the age group of 15 and above to have bank accounts this year. The move was part of the […]
Read MoreVietnam needs to develop regulations about digital and virtual assets as Industry 4.0 is driving the emergence of new assets and the lack of rules exists is one of the most significant legal problems in asset ownership rights. Currently, digital and virtual assets have not been recognised as property in Vietnam. Experts said that the […]
Read MoreThe prices for iPhone 11 and iPhone 12 models in Vietnam are among the lowest in the world. At many retail chains in Vietnam, the price of iPhone 11 is about VND 10.5 million ($455) for the 64GB version, and about VND 11.9 million ($515) for the 128GB version. In the US market, the price […]
Read MoreWith the average income per capita of VND4.25 million a month in 2020, Vietnamese people would have to save money for 12 years to buy a car worth VND600 million (US$30,000). According to Vietnam Register (VR), 4.512 million cars were in circulation in Vietnam as of November 2021, or 46 cars for every 1,000 people. […]
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