Experts say that Vietnam needs a strong foundation to shift from internal combustion engines to electric ones. Under the government’s roadmap, car prices will be decisive. Reports show that the world transportation sector consumes 55 percent of petroleum fuel and emits 25 percent of total CO2, including 17 percent from road transport. The global electric […]
Read MoreThe Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) are working around the clock to bring down petrol prices in the domestic market, according to the two ministries. The Ministry of Industry and Trade (MoIT) and the Ministry of Finance (MoF) continue to trade blame for the disrupted petrol supply in […]
Read MoreWith a high gross domestic product (GDP) growth rate, low inflation rate and stable exchange rate, Vietnam is a bright spot in the global economic picture. According to HSBC, the Vietnam economy stands out in the region in terms of GDP growth, with a predicted growth rate of 6.9 percent for 2022. It is expected […]
Read MoreVietnam’s economy has recovered impressively and it is the only country in Asia with a growth forecast that has been raised by the International Monetary Fund (IMF). This has led to leading foreign and domestic retailers expanding their networks. Potential market The IMF and the World Bank have also said Vietnam’s economy is recovering very […]
Read MoreVietnam’s central bank unexpectedly raised interest rates by another 1 percentage point for a second straight month to help ease pressure on a currency that has slumped to a record low. The refinance rate will rise to 6% while the discount rate will increase to 4.5%, starting Oct 25, the State Bank of Vietnam said […]
Read MoreThe EU-Vietnam Free Trade Agreement (EVFTA) officially took effect more than two years ago, and bilateral trade has grown considerably ever since. However, despite this growth the market share of goods from Vietnam in the EU market is still quite modest. The reasons behind this need a comprehensive study. Two-way trade Since August 2020, when […]
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