Mobile money (MM) has not gained much popularity in the country among mobile phone users due to several shortcomings. Nguyen Son Hai, Deputy General Director of VNPT Media Corp., underlined MM’s monthly transaction limits of 10 million VND (437 USD) as a major downside discouraging clients. He said the limits were relatively low, not giving […]
Read MoreSeveral airlines have appealed to the Ministry of Finance (MoF) and the Ministry of Transport (MoT), calling for favourable policies amid mounting fuel prices. Vietnam Airlines revealed that Jet-A1 fuels hitting over US$130 per barrel in early March were pushing up fuel costs. Its costs will increase by around VND5.7 trillion ($249 million) in 2022 […]
Read MoreVietnam’s ride-hailing industry revenues could reach 4 billion USD by 2025, while the industry has witnessed high demand and newcomers. The issues were discussed at a recent seminar, “Competitive solution for the ride-hailing market in the new normal period,“ organised by the Vietnam Competition and Consumer Authority and the project for policy improvement and capacity […]
Read MoreAt the end of 2021, outstanding Government bonds and corporate bonds comprised 71.3% and 28.7% of the local bond market, respectively. Vietnam’s local currency (LCY) bond market grew 9.8% quarter-on-quarter to reach VND2,089.1 trillion (US$91.5 billion) at the end of 2021, and annual growth expanded by 25.5%, according to the latest report of the Asian Development […]
Read MoreDespite adverse COVID-19 impacts on the global economy, Vietnam’s selective investment attraction policy with priority to high-quality projects has proved effective, according to experts. This year is forecast a good year for foreign direct investment (FDI) attraction, as Vietnam is securing its image as a safe, attractive and promising destination for foreign investors. Do Nhat Hoang, […]
Read MoreThe plan also called for the local supporting industries to meet 70% of domestic demand and lift the localization rate in industrial sectors to above 45%. Vietnam aims to become a modern industrialized country and join the group of the world’s top 15 exporters by 2030. The move was revealed in the Ministry of Industry […]
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