Non-cash payments have increased sharply, especially through mobile devices and the internet, according to the State Bank of Vietnam. Non-cash payments have increased sharply, especially through mobile devices and the internet, according to the State Bank of Vietnam. Speaking at a press briefing in HCM City on Tuesday to announce a series of events for […]
Read MoreThe Hanoitimes – Due to travel restrictions, disbursement of FDI projects in Vietnam totaled US$6.7 billion in the first five months of 2020, down 8.2% year-on-year. Disbursement of foreign direct investment (FDI) to Vietnam in May is estimated at US$1.55 billion, the highest monthly figure since February, a report of the Foreign Investment Agency (FIA) under […]
Read MoreThere is likely false play in the way livestock companies calculate the selling price of live pigs, which is helping them maintain stellar profits in spite of the government’s calls to stabilise prices. Last week, the price of live hogs continued escalating to VND100,000 ($4.30) per kilogramme, with an increase of around VND30,000 ($1.30) […]
Read MoreThe EU-Vietnam Free Trade Agreement (EVFTA), to take effect shortly, is expected to make up for some of the losses Vietnam’s economy incurred during the COVID-19 pandemic, according to insiders. The Ministry of Industry and Trade (MoIT) said that amid a global economic crisis caused by the coronavirus outbreak, the EVFTA will play an important […]
Read MoreProf Nguyen Mai, an expert on FDI, and chair of the Vietnam Association of Foreign Invested Enterprises (VAFIE), pointed out three problems in the picture of FDI in Vietnam. First, the scale of foreign invested projects licensed in the first four months of the year was very small. If not counting the LNG gas-fired power […]
Read MoreThe Hanoitimes – Cash has constituted 11.3% of total means of payment as of December 31, 2019. Prime Minister Nguyen Xuan Phuc has issued a directive No.22 urging stronger measures in adopting cashless payment in Vietnam. Under the directive, after nearly four years since the implementation of a national plan on cashless payment development in the […]
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