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Vietnam: Border trade needs preferential policies to attract investment

Localities should prioritize public investment in the infrastructure of transport, electricity, water, and telecommunications. Preferential mechanisms and policies will be key factors to attract the domestic and foreign industrial enterprises’ investment in border areas, with a focus on promoting cross-border trade, combating smuggling and trade fraud, and creating a healthy environment. It is one of the measures […]

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Vietnam to keep CPI growth low by end of 2021

Vietnam looks to maintain a Consumer Price Index (CPI) growth lower than 1 per cent a month during the last quarter of 2021 in an effort to keep inflation under the 4 per cent target for the year,  heard a recent meeting between Deputy Prime Minister Le Minh Khai and the National Pricing Management Committee […]

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Vietnam: Steel prices hit new high

Steel has hit a new high after a series of rapid price increases from May through June 2021 when they increased by more than 50 per cent compared to the beginning of the year. According to the Ministry of Industry and Trade (MoIT), as governments around the world issued economic stimulus packages of tens of trillions of […]

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Vietnam: Car sales drop, prices plummet

Automobile manufacturers are facing sharp drop in sales and increased inventories as social distancing has been imposed in many cities and provinces, vehicle registration has been halted, and sale agents have had to close the doors. Vietnam Automobile Manufacturers Association (VAMA) reported that its member companies sold 16,035 cars in July, a sharp decrease of […]

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Vietnam: Stronger solutions needed to support businesses

The State Bank of Vietnam and the Government must offer stronger solutions to resolve the current problems pertaining to debt structuring, interest rate reduction, and support to businesses facing crisis.  Despite extensive discussions on various policies, stabilising of production, smooth flow of the supply chain, and containing and controlling the pandemic, these above issues still […]

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