Remittance flows from Vietnamese expatriates working abroad are predicted to remain resilient throughout the rest of the year, with the country’s central bank keeping its policy steady for now. According to the World Bank, remittances inflow to Vietnam in 2021 as a whole will remain persistent compared to 2020 despite the ongoing pandemic. Last year, […]
Read MoreThe Covid-19 pandemic remains a catalyst to accelerate the digitalization process, which is an inevitable trend for countries around the world. Vietnam prioritizes investing in digital infrastructure that is seen as a foundation to ensure overall socio-economic development. Vice Minister of Information and Communications Phan Tam stressed the view at the virtual ministerial roundtable under […]
Read MoreCar sales in Vietnam increased by 52 percent last month after five consecutive months of decline, showing positive signs for the car market at the end of the year. The Vietnam Automobile Manufacturers’ Association (VAMA) announced that vehicle sales of its members reached 13,537 last month, up 52 percent compared to the previous month. The […]
Read MoreDespite being strongly affected by the COVID-19 pandemic, bank loans in the first nine months of this year kept rising compared to the same period last year, deputy governor of the State Bank of Vietnam (SBV) Dao Minh Tu said. During a press conference held on Tuesday, Tu said as of October 7, the credit […]
Read MoreThe Vietnamese government is doing its utmost to prevent illegal, unreported, and unregulated fishing practices, helped along by moves in Europe to remove warnings on the country’s activities. The European Commission (EC) has scheduled an online meeting for October 27 to discuss the removal of a so-called “yellow card” for Vietnam, stated Nguyen Quang Hung, […]
Read MoreAs many as 500,000 workers have left the labor market in the last five months, while a high number of workers have left HCM City for their hometowns, resulting in a serious labor shortage. Bidrico needs 200 workers for its production line, but now has 80 only. The labor shortage is a problem for the […]
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