Business associations have written to the Government and the Ministry of Finance proposing extending the VAT cut of two percentage points and the environmental protection tax cut for fuel till the end of 2023. From January 1, 2023, many supporting policies for households and businesses will no longer be valid, including the VAT reduction and […]
Read MoreThe country is listed among outperformers in Asia thanks to lingering re-opening tailwinds. A robust economic recovery following the Covid-19 pandemic helped Vietnam’s GDP growth hit an estimated 8.02% yearly, the highest during the 2011-2022 period. The data was released by the General Statistics Office (GSO) today [December 29], according to which the country’s GDP […]
Read MoreHANOI: Vietnam’s economy grew at the fastest pace in Asia this year, signalling momentum just before risks from a global slowdown began to materialise. Gross domestic product rose 8.02% in the year to December, according to official data reported on Thursday. That was faster than the government’s initial target of 6%-6.5% growth and was aided by […]
Read MoreHSBC has raised Vietnam’s growth forecast from 7.6% to 8.1% this year but revised down the forecast for next year from 6% to 5.8%. According to the lender, the growth of this year still benefits from the advantages in Vietnam’s post-pandemic reopening, but challenges will have heavier impacts on the country next year, especially when […]
Read MoreThe Vietnam Automobile Manufacturers’ Association (VAMA) reported that in January-November 2022, its members sold 369,334 products, 43 percent up year-on-year. This included 208,822 domestically assembled cars, up by 41 percent, and 160,512 imported units, up 46 percent. If counting sales of TC Motor (72,037 cars) and VinFast (20,000), and sales of other brands, such as […]
Read MoreVietnam’s economy is expected to have positive prospects in 2023 after witnessing stability in late 2022 with bright macroeconomic indicators amid the world’s difficulties. The Vietnamese financial market has witnessed positive changes in the last couple of weeks with exchange rate problems settled almost completely and inflation kept at a low rate. The corporate bond […]
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