The Hanoitimes – Many local shoppers have preferred online payment services to cash payment in the ongoing social distancing period. Online payment services in Vietnam have been thriving thanks to its advantages of safety and convenience in the context of disease transmission risks from cash. Many local banks and intermediary payment service providers have offered promotions […]
Read MoreThe Hanoitimes – During the first quarter, budget revenue collection reached VND391 trillion (US$16.75 billion), equivalent to 25.9% of the year’s plan and up 1.8% year-on-year. Vietnam recorded a fiscal surplus of VND47.9 trillion (US$2.05 billion) in the first quarter (Q1) this year, compared to a surplus of VND65.4 trillion (US$2.8 billion) recorded in the same […]
Read MoreThe Hanoitimes – These actions stem from the sharply lower – albeit positive – growth that Vietnam faces from the Covid-19 pandemic. Fitch Ratings has revised the outlook on the Long-Term Issuer Default Ratings (IDRs) of two state-owned banks and a wholly foreign-owned bank in Vietnam to Stable from Positive, and the outlooks for two joint […]
Read MoreThe Hanoitimes – During the two-month period, deposits from economic institutions in Vietnam’s banking system declined 4.84% against the end of 2019 to VND3,770 trillion (US$161.08 billion). In the first two months of 2020, economic institutions in Vietnam net withdrew VND191.76 trillion (US$8.2 billion) from the banking system, double the net withdrawal amount of VND95.9 trillion […]
Read MoreThe Hanoitimes – At present, the Covid-19 pandemic has caused a decline of 7% year-on-year in trade turnover of agro-forestry-fishery products between Vietnam and China. Vietnamese Minister of Agriculture and Rural Development Nguyen Xuan Cuong on April 16 held a meeting with Chinese Ambassador to Vietnam Xiong Bo to discuss measures to boost bilateral cooperation in […]
Read MoreThe Hanoitimes – Vietnam’s exports rose 7.5% year-on-year to US$63.23 billion in the January-March quarter, and imports reached US$59.49 billion, representing an increase of 3.7%. Vietnam’s trade surplus continued its strong growth to US$3.74 billion in the first quarter (Q1), more than double the surplus of US$1.82 billion recorded in the January-February period and higher than […]
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Thailand
