Banks’ recent deposit rate hikes indicate a liquidity crunch. Is inflationary pressure huge? Deposit interest rates at banks such as BaoViet Bank, ACB, Techcombank and Sacombank inched up again in the first half of July. Most of them are the major joint-stock banks in the system. Even big state-run banks such as BIDV and Agribank […]
Read MoreThe Vietnamese economy grew by 7.7 per cent in the second quarter, one of the fastest rates in a decade, and is expected to expand even faster this quarter, driven by an ongoing burst of consumption. “Vietnam’s stellar Q2 GDP growth has prompted us to lift our 2022 GDP growth forecast from 6.5 per cent […]
Read MoreWith such decreases, petrol prices have moved close to the February price range. The retail prices of petrol and diesel products in Vietnam continued the downtrend with decreases of VND1,100-2,380 per liter from 15.00 today [July 21], marking the third consecutive decline since the beginning of July. Under the latest adjustment from the inter-ministerial team […]
Read MoreVietnam is Cambodia’s huge and promising tourism market, with the highest percentage of foreign arrivals in the country, Under-Secretary of State at the Cambodian Ministry of Tourism Thok Sokkhom has said. He made the statement at the Cambodian Tourism Roadshow held by the Cambodian Ministry of Tourism in coordination with the People’s Committee of Can […]
Read MoreVietnam’s economic growth will be driven by continued trade expansion, the faster-than-expected recovery of manufacturing, domestic travel, and the acceleration of public investment. The Asian Development Bank in its latest economic outlook report continues to maintain Vietnam’s GDP growth forecast at 6.5% in 2022, and accelerate to 6.7% in the subsequent year. The forecast shows […]
Read MoreThe Government would push for greater mechanization in agricultural production. Vietnam targets to develop a modern and sustainable farm produce processing system, meeting growing demands from the local and foreign markets, effectively making the country one of the world’s top 10 agricultural processing hubs by 2030. The goal was stated in the Government’s decision No.858 […]
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