The State Bank of Vietnam (SBV) on October 24 continued to sharply increase the selling price of the US dollar by 490 VND to 24,870 VND per USD – the highest rise in many years. This is the sixth increase in the selling price of the greenback since the beginning of this year, and the […]
Read MoreThe Government would continue to support local logistics firms in improving their competitiveness and allocate funds for transport infrastructure development. In a country home to seaport networks and manufacturing hubs like Vietnam, market-leading logistics companies would improve the overall competitiveness of the sector. Deputy Director of the Import-Export Department under the Ministry of Industry and […]
Read MoreVietnam’s effective response to Covid-19 remains critical to economic recovery. During a group discussion today [October 22], National Assembly deputies from Hanoi shared their satisfaction with the economy’s recovery but warned of bumpier roads for the rest of the year. At the discussion, Deputy Nguyen Anh Tri was in favor of the Government’s assessment of […]
Read MoreThe Government proposes that the NA will not implement salary reform under Resolution No.27-NQ/TW in 2023, but from July 1, 2023, the base salary for officials, civil servants, and public officials will be raised to the level of VND1.8 million/month. On the afternoon of October 20, at the NA Building, the NA listened to the […]
Read MorePRIME Minister Pham Minh Chinh is confident Vietnam’s growth will exceed expectations this year, and retain the title of South-east Asia’s fastest-growing economy through next year, as it emerges from the pandemic. He expects gross domestic product (GDP) to rise 8 per cent in 2022 – faster than the median 7.3 per cent pace estimated […]
Read MoreThe State Bank of Vietnam decided to widen the USD/VND spot exchange rate band from +/-3 percent to +/-5 percent effective from October 17 continued to put pressure on the Vietnam dong to depreciate and the US dollar to appreciate. The State Bank of Vietnam (SBV) officially decided to widen the USD/VND spot exchange rate […]
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