Strong foreign capital flow into Vietnam through different channels reflects foreign investors’ belief in Vietnam’s economic development prospects. In late November, disbursement of a $600 million credit package with an interest rate of 6.5 percent per year for the Masan Group was completed. This was the biggest ever foreign syndicated loan in the private sector. […]
Read MoreThe Asian Development Bank (ADB) has raised its economic growth forecast for Vietnam this year to 7.5%, despite regional and global gloom, the bank said in a regular supplement to the Asian Development Outlook (ADO) 2022 released on December 14. In its ADO update for September, the bank forecast that the Vietnamese economy would expand […]
Read MoreThe State Bank of Vietnam (SBV) on December 5 said that the credit growth rate limit has been raised by 1.5-2 percent for 2022, which means that about VND400 trillion more will be pumped into the national economy. Analysts say that VND400 trillion is a large amount that will ‘give rain to the rice field […]
Read MoreAccording to https://www.numbeo.com, the monthly living expenses of a Vietnamese person in October 2022 was VND10.8 million and of a four-member family VND38.5 million. Meanwhile, the total family circumstance deductions for taxation calculation of a four-member family (husband, wife and two children) is only VND30.8 million a month. Many expense items, including life insurance premiums, […]
Read MoreVietnam’s strong economic performance in 2022 has been driven by several factors, including export, domestic demand and private investment, according to Andrea Coppola, the World Bank (WB)’s lead economist. In an interview granted to the press, Coppola explained that the country’s export has been very strong in the past and shown to be resilient, including […]
Read MoreThe potential of Vietnam’s digital economy is estimated at US$40 billion, but only a small part of it has been exploited. An Access Partnership Analytics’ survey of 12 countries in the Asia-Pacific found that they successfully exploited just 30% of the potential of their digital economy. The survey was conducted in 2021 with data collected […]
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