Vietnam ranks 70th among 190 economies in this year’s Doing Business 2020 report released by the World Bank (WB). One year earlier, it ranked 69th, and in 2018, it was 68th. Phan Duc Hieu, deputy head of the Central Institute of Economic Management (CIEM), noted that at an ASEAN conference on business environment held in […]
Read MoreTo spur on local production and achieve its desired economic growth goal, Vietnam is to enact new financial solutions aimed to assist the business community. However, will the schemes affect the state budget picture, which earned a surplus in the first quarter of this year? It is expected that providing more support for struggling enterprises […]
Read MoreE-wallets in Vietnam have strongly benefited from the change in payment habits during the Covid-19 pandemic. Vietnam’s mobile e-commerce is rapidly growing with an estimated value of US$10.2 billion by 2023, according to 2021 Vietnam Mobile Application Report, conducted by the market research company Appota. The report revealed that mobile e-commerce is showing dramatic growth as […]
Read MoreThe Vietnam Association of Seafood Exporters and Producers (VASEP) also asked HCMC to make public revenues and expenditures on specific infrastructure. VASEP has asked the city’s authorities to postpone the collection of fees for using infrastructure facilities and public services at seaport terminals in the city until Covid-19 is brought under control, or at least […]
Read MoreInput cost inflation is the main concern for the second half of 2021. While the expansion of the consumer price index (CPI), seen as a gauge for inflation, remained under control, growing prices of input materials and heating up economic activities are factors that could increase inflationary pressure on the remaining months of the year. […]
Read MoreDeputy Prime Minister Le Minh Khai has asked the Ministry of Industry and Trade to increase the steel production capacity to meet the local demand and stabilize steel prices as they have surged 40%-50% since the end of last year. Hoa Phat Group on May 8 increased its steel prices drastically, with CB240 rolled steel […]
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