Inflation risk is still present with high prices from all input factors, so the simultaneous use of both expansionary fiscal policy and expansionary monetary policy will create pressure on prices. When assessing Vietnam’s inflation in 2022, Dr. Vu Sy Cuong from the Academy of Finance said that tax reduction support packages, especially VAT, excise tax […]
Read MoreStandard Chartered Bank has raised its Vietnam GDP growth forecast for 2022 to 7.5% from the previous 6.7% and for 2023 to 7.2% from 7.0% to reflect robust Q3 growth of 13.7% year-on-year. The last quarter 2022 growth is anticipated at 4.0%. While the bank lowers its inflation forecast for this year to 3.3% from […]
Read MoreDropping global consumption is a challenge for various industries in Vietnam and local businesses might lay off staff or scale down operations. Given runaway inflation and the U.S. dollar rise against the Vietnamese dong, the plunge in export orders for local manufacturers is expected to last until the first quarter of 2023. Layoffs and factory […]
Read MoreThe tourism ministry’s goal of attracting 700,000 annual Vietnamese arrivals by 2023 and one million by 2024 may seem relatively easy to achieve to some, but it could require a new series of well-informed strategies as well as the effective implementation and promotion thereof, industry insiders say. Ministry figures show that annual Vietnamese arrivals to […]
Read MoreVietnam is among the 20 best places to visit in January as suggested by UK travel magazine Wanderlust in a recent article. According to the article, Vietnam, at the 8th place in the list, like its neighbour Laos, is a safe bet in January. The weather is similarly pleasant, dry and sunny – with only slight […]
Read MoreThe International Monetary Fund (IMF), the World Bank (WB) and other domestic and international institutions have predicted high gross domestic product (GDP) growth rates for Vietnam and low growth rates for other Asian economies. The IMF has released the World Economic Outlook Report for October, which, as anticipated, has predicted a 4 percent GDP growth […]
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