The gas price on October 31 increased by another VND17,000, raising the price to VND500,000 for a 12 kilogram tank. The gas prices have experienced nine increases so far this year, but gas traders are unhappy. They complain that as gas has become too expensive, sales are very slow. Nguyen Thu Hang, the owner of […]
Read MoreAccording to a new scheme approved by the Prime Minister, the value of non-cash payments would be 25 times higher than GDP and the proportion of the payment method in e-commerce would account for 50% by 2025. The scheme to develop non-cash payment in Vietnam in the period of 2021 – 2025 was approved by […]
Read MoreVietnamese overseas investment during the past 10 months of the year surged by 35.1% to reach US$646 million compared to the same period from last year, according to figures recently released by the General Statistics Office (GSO). A total of 48 new projects received investment certificates with a total registered capital of US$218.3 million. In […]
Read MoreVietnam’s export turnover is estimated at US$27.3 billion in October, bringing the figure in the first ten months of 2021 to $267.9 billion, up 16.6 percent against the same period last year, the General Statistics Office announced on October 29. In the period, there are 31 commodities with export turnover of over 1 billion USD, […]
Read MorePublic debt is anticipated to increase rapidly in 2022-2024, exceeding the VND4 quadrillion threshold and getting closer to VND5 quadrillion. The Ministry of Finance (MOF) is collecting opinions for the state budget estimates in 2022, which the Government will submit to the NA. The estimated budget collection in 2021 is VND1.34 quadrillion, while VND1.077 quadrillion […]
Read MoreSixteen banks in Vietnam reduced a total of VND12.23 trillion ($536.2 million) in interest rates for borrowers affected by the COVID-19 pandemic from July 15 to September 30, equivalent to 59.36% of their commitments. Sixteen banks in Vietnam reduced a total of 12.23 trillion VND (536.2 million USD) in interest rates for borrowers affected by […]
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