Cutting costs is critical for the maritime transport sector, which is seeing a slowing down in activities due to the COVID-19 pandemic. According to a report by the Vietnam Maritime Administration, the transport of passengers and goods via seaports during the pandemic’s peak period saw a fall of 100 percent against the same period last […]
Read MoreThe central bank of Vietnam had previously cut the benchmark interest rates by 0.5 – 1 percentage point in March. If business performance is below expectation, the State Bank of Vietnam (SBV), the country’s central bank, may reduce policy rates by another 0.25 – 0.5 percentage points in the future, according to Bao Viet Securities […]
Read MoreVietnam faces increasing tax evasion and avoidance as policies have not kept up with reality, according to a report by the Vietnam Institute for Economic and Policy Research (VEPR) and Oxfam. Tens of thousands of businesses have been detected violating enterprise income tax rules worth up to trillions of VND per year from 2010 – […]
Read MoreAs the dollar price has decreased in the international market, the official exchange rate announced by the State Bank of Vietnam (SBV) and dollar market price have also decreased slightly. Dollar price down The official exchange increased in the last week of April, reaching VND23,272 per dollar in the last trading session of the week, […]
Read MoreMoody’s Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade. The finance companies are VPBank Finance Company Limited (FE Credit), Home Credit Vietnam Finance Company Limited (HCV), and SHBANK Finance Company Limited (SHB Finance). The banks are Vietnam Prosperity Joint Stock Commercial […]
Read MoreThe aviation sector can only recover in 2021 according to an official from the Ministry of Transport. Tran Bao Ngoc, head of the Transportation Department under the Ministry of Transport said that the aviation was the hardest-hit. Local airlines have nearly stopped all domestic and foreign flights. After social distancing rules are relaxed, they can […]
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