VIETNAM’S central bank is willing to provide liquidity to the local banking system, Governor Nguyen Thi Hong said on Sunday, as lenders face pressure from higher interest rates and tightening credit conditions. Hong confirmed that the central bank had held emergency meetings during the week with commercial banks to discuss liquidity in the system, which […]
Read MoreVietnam has become the world’s third largest seafood exporter, accounting for 7 percent of the world market share. The Southeast Asian nation raked in US$9.5 billion from exporting aquatic products in the first 10 months of 2022, up 34 percent on year, the Viet Nam Association of Seafood Exporters and Producers (VASEP) reported. Of the figure, shrimp […]
Read MoreMerger and acquisition (M&A) activities carried out by Vietnamese enterprises were estimated to reach over US$1.3 billion during the January-October period. According to KPMG Viet Nam, M&A deals in Viet Nam reached US$5.7 billion over the last 10 months of the year, a year-on-year decrease of 35.3 percent. During the reviewed period, Singapore was the […]
Read MoreVietnam is becoming increasingly more and more attractive in the eyes of foreign retail giants. Despite global fluctuations some big international retailers are making ambitious plans to expand their foothold in the Vietnamese market, mainly due to a stable growth structure in Vietnam. Key market for retailers When referring to big foreign retailers in Vietnam […]
Read MoreRetailers in Vietnam have drawn up sales plans and rolled out promotional programmes to better meet year-end purchasing power of local people. According to the General Statistics Office (GSO), local purchasing power had strongly rebounded in the past 10 months of 2022. This positive recovery is expected to drive retail market growth in the last […]
Read MoreThe Ministry of Finance (MOF) says that petroleum companies will shift to importing fuels from Southeast Asia instead of South Korea. Regarding import and export tax revenue in 2023, MOF told the National Assembly that it would not increase by 4-6 percent this year as targeted because of gradual tariff decreases. The average preferential import […]
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