The banking sector stands ready to provide sufficient capital for economic development. Vietnam’s credit growth as of June 9 expanded by 8.15% against late 2021 and up 17.09% year-on-year, which is in line with the ongoing economic recovery process. Vice Governor of the State Bank of Vietnam (SBV) Dao Minh Tu revealed the figures at […]
Read MoreHSBC has lowered its forecast on Vietnam’s inflation rate in 2022 to 3.5% from its earlier prediction of 3.7% due to the stable domestic food price, according to a report released on June 14. The bank explained that the inflation risk in ASEAN countries has increased since the beginning of 2022, leading to a high […]
Read MoreThe Ministry of Finance (MoF) has put forward a proposal to impose a maximum reduction to the environmental protection tax placed on fuel products in an attempt to curb retail petrol and oil prices that have kept rising over the past months. According to Deputy Finance Minister Nguyen Duc Chi, recent developments have shown that the petroleum market continues to […]
Read MoreVietnam jumped six notches to 89th in the cost of living index rankings for 2022 with 37.48 points, as compiled by Numbeo. The list calculates that the cost of living index in Ho Chi Minh City stands at 39.01 points, the highest nationwide. Indeed, a family of four typically spends VND40 million a month, excluding […]
Read MoreThe Government needs a financial tool to control the prices of strategic commodities, including petroleum products, to avoid a sudden rise in prices and impact on people’s lives. The Ministry of Finance (MoF) is seeking public opinion on the revision of the Law on Prices, including the removal of the petrol price stabilization fund, a […]
Read MoreSince last month, prices of RON95 rose by VND5,060 per liter, and E5-RON92 by VND4,640. The retail prices of petroleum products in Vietnam rose by VND800-880 per liter from 3.00 pm today [June 13] to set a new record high. Under the latest adjustment, prices of biofuel E5 – RON92 hit VND31,110 (US$1.34) per liter […]
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