High lending rates may be unfavorable for businesses, but ensuring long-term macroeconomic stability is essential for them to recover and thrive. Amid growing fears of high inflation worldwide, the State Bank of Vietnam (SBV) has opted to raise its interest rates to control the exchange rate, stressing that market stability is key to maintaining investor […]
Read MoreThe Vietnamese economy has recorded an impressive recovery over the past nine months, and the Asian Development Bank (ADB) is confident of the country’s bright prospects for its medium- and long-term growth. According to Nguyen Minh Cuong, chief economist of ADB Vietnam, this strong recovery comes from the country’s stable macroeconomic background, political stability, as […]
Read MoreVietnam may face disadvantages in global supply chains due to its outdated technologies and poor labor quality. Nguyen Thi Vu Ha, an expert at the Vietnam Institute for Economic and Policy Research (VEPR), expressed her concerns over the risk of Vietnam being the destination for low-quality foreign direct investment (FDI) projects. She was speaking during […]
Read MoreThe region contributes 32% of Vietnam’s GDP and 45% of the country’s state revenues. Southeast region, which includes the southern economic hub of Ho Chi Minh City, is planned to become the locomotive of Vietnam’s economy by 2030 with a vision to 2045, the Politburo, the most powerful body of Vietnam, agreed at a national […]
Read MoreThe cut is necessary to help citizens weather inflation and support socioeconomic recovery. The Vietnamese Government has cut and waived taxes and fees worth over VND233 trillion (US$9.4 billion) in 2022. Minister of Finance Ho Duc Phuoc revealed the figures in a report submitted to the National Assembly on the Government’s support for businesses and […]
Read MoreVietnamese import and export value surged by 14.5% to reach over US$580 billion by mid-October, with the country posting a trade surplus of approximately US$7 billion, according to statistics given by the General Department of Vietnam Customs. Foreign-invested enterprises (FIEs) continue to play an important role in terms of the country’s trade value, with the […]
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