The central bank would continue to keep the policy rates unchanged until the end of the year. Vietnam credit growth as of October 7 expanded by 7.42% against late 2020, higher than the 5.48% rate recorded in the same period of last year. Vice Governor of the State Bank of Vietnam (SBV) Dao Minh Tu […]
Read MoreHigher FDI commitments have been driven by increasing capital flow into manufacturing. FDI commitment increased by 26.1% month-on-month in September, a strong recovery amid the crisis, indicating foreign investors’ continued confidence in Vietnam’s economy in the longer term, according to the World Bank’s latest report. Higher FDI commitments were driven by increasing capital flow into […]
Read MoreVietnam’s GDP growth forecast for this year has been lowered to 2-2.5 percent, according to the World Bank’s October 2021 Vietnam Macro Monitoring. Vietnam’s GDP in the third quarter of 2021 decreased by 6.2 percent from the same period last year, the sharpest decline since Vietnam announced its quarterly GDP, the WB estimated. Given the […]
Read MoreAbout 350,000 foreigners came to Vietnam in 2018 to obtain medical treatment, bringing $2 billion in turnover to the country, not to mention the money travelers spent on healthcare services during their trips. Truong Sy Vinh, Deputy Head of the Institute for Tourism Development Research, said medical tourism has become a popular type of tourism […]
Read MoreThe reopening of the economy has begun with the principle ‘reopening the doors anywhere it’s safe’. Hanoi and some northern provinces, HCM City and some southern provinces, and the central region have step by step loosened and removed lockdowns, while applying reasonable pandemic control measures. People’s life and production, trade and tourism activities have entered […]
Read MoreThis year Vietnam targets earning $14.5 billion of export revenue from wood and forest products. More than 300 large customers from many countries participated in the trade promotion event of Vietnam’s wood industry. Many commitments and contracts were made to help Vietnamese enterprises become more confident on their quick recovery to reach a record export […]
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