If US-China trade tensions drag on, Vietnam will still see good growth but face strong exchange rate pressures exerted by two major currencies. After GDP growth reached 6.98 percent in the first 9 months of 2018, the highest in the past 8 years, it is relatively clear that the Government will reach its 6.7 percent growth target by the end […]
Read MoreNDO – Although full-year inflation will probably be contained at less than 4%, the average consumer price index (CPI) in the first nine months of 2018 was already 3.57%, putting the efforts to curb inflation in the remainder of the year under even greater pressure. Among the factors expected to have an impact on Vietnam’s […]
Read MoreTAIPEI — An increase in world oil prices is helping Vietnam earn money that will quicken its already fast economic growth and may help the country build new infrastructure. The only red light: higher fuel prices among Vietnam’s consumers. Vietnam, though not a major oil-producing nation like much of the Middle East, has counted energy-related commodities […]
Read MoreThe competitive electricity wholesale market will be fully operational starting in 2019 following a successful year-long pilot period. Deputy Minister of Industry and Trade Hoang Quoc Vuongspoke about the development of the marketplace at a recent meeting in Ha Noi. Vuong said the development of a competitive electricity market is a long-term plan for Viet Nam’s electricity sector as […]
Read MoreThe Hanoitimes – The projects are estimated to cost US$83 million, financed with debt and equity. AC Energy will participate with at least 50% economic share. AC Energy, a wholly owned subsidiary of the Philippines’ Ayala Corporation, in partnership with AMI Renewables Energy, signed an energy performance certificate (EPC) and financing documents for the development of […]
Read MoreThe Hanoitimes – During the January – September period, insurance companies reinvested VND293.31 trillion (US$12.59 billion) into the economy, up 26.8% year-on-year. The total premiums collected by insurance companies in Vietnam stood at VND93.76 trillion (US$4.02 billion) in the nine months through September, up 24.63% year-on-year, according to the Ministry of Finance. Upon breaking down, non-life […]
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