Vietnam takes the fourth position in the access-to-electricity index in 2019 in the Association of Southeast Asian Nations (ASEAN), with 82.2 points, according to the World Bank’s Doing Business report. The index was up 0.3 point compared to 2018 and ranked 27th out of 190 countries and economies, the Electricity and Renewable Energy Authority under […]
Read MoreThe Ministry of Finance has slashed administration fees in numerous sectors to help the economy get back on its feet when the COVID-19 pandemic eases. Construction companies, travel firms, banks and credit institutions as well as water resource businesses will all be given a helping hand. Reductions range from 20 to 50 percent and took […]
Read MoreThe Hanoitimes – The central bank 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 MoreApple is running a large recruitment campaign in Vietnam, while many other foreign technology firms are considering pouring capital into projects in the country. For several months, Apple has been posting recruitment notices on its official website and LinkedIn in its largest-ever recruitment campaign in Vietnam. Analysts noted that Apple is not only seeking candidates […]
Read MoreWeaker foreign direct investment inflow on the back of the Covid-19 pandemic and a likely preference by the central bank for a weaker Vietnamese dong to support export competitiveness would be key drivers of dong weakness over the near term, although any currency weakening will be measured to avoid potential punitive measures from the US, experts forecast. Fitch Solutions […]
Read MoreOverseas remittances to Vietnam this year have been forecasted to fall by 17% this year due to the Covid-19 pandemic, according to a local economist. Chief Economist Can Van Luc from the Bank for Investment and Development of Vietnam (BIDV) said that Vietnam’s overseas remittances in 2020 would be 10-15% or even 15-17% lower than […]
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