The packaging industry is expected to grow at 12.3% a year until next year, according to the Vietnam Packaging Association. HCM City (VNA) – The packaging industry is expected to grow at 12.3% a year until next year, according to the Vietnam Packaging Association. The growth is driven by the growth in F&B, consumer goods, exports, […]
Read MoreBy the end of 2021 independent power plants accounted for 41.3 per cent of the total installed capacity of the whole system, up from only 18.4 per cent in 2018 when the solar wave was formed. Despite concerns about a recession, economists said merger and acquisition (M&A) activities in the renewable energy industry still have […]
Read MoreThe Vietnamese Parliament expects a budget deficit of VND455.5 trillion (US$18.35 billion), or 4.42% of GDP, for next year. The National Assembly (NA) on November 11 ratified a resolution on the state budget estimate for 2023 with the endorsement of 91% of deputies at present. Under the resolution, the NA agreed to raise the basic […]
Read MoreMonetary policies made amid global uncertainties should be flexibly adopted, and their effectiveness greatly depends on the trust of people, enterprises and investors. The State Bank of Vietnam’s recent decisions to hike key interest rates, widen the trading band of the VND, and actively engage in open market operations have significantly contributed to ensuring macroeconomic […]
Read MoreThough the monetary regulator has taken intervention measures, the pressure on the forex market remains high. With pressure on the local currency still lingering, while resources and vehicles required to stabilize the forex rate are being exhausted, a big question arises over whether the monetary regulator still wields any policy space for forex control in […]
Read MoreA report on the Regional Comprehensive Economic Partnership (RCEP)’s impacts on the shaping of supply chains in Vietnam was released by the National Centre for Socio-Economic Information and Forecast (NCIF) and Konrad-Adenauer-Stiftung Vietnam on November 10. Hanoi (VNA) – A report on the Regional Comprehensive Economic Partnership (RCEP)’s impacts on the shaping of supply chains in Vietnam was […]
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