The Hanoitimes – In a worse scenario where GDP would expand 3.6% this year, Vietnam’s fiscal deficit is forecast at 5.02% of GDP and public debt at 56.4%. In two growth scenarios set by the government for this year, Vietnam’s public debt and fiscal deficit indicators in the 2016 – 2020 period would stay below the […]
Read MoreThe Hanoitimes – Vietnam has a great opportunity to surpass Thailand in rice export this year. Vietnam may become the world’s leading rice exporter in 2020 as shipments of the grain jumped in the first five months of this year, Minister of Industry and Trade Tran Tuan Anh told the ongoing National Assembly plenum on June […]
Read MoreChinese apps in Vietnam are luring borrowers who have to pay back debt at high interest rates within a short period of time. A woman in Tay Ninh province, 37, borrowed VND2 million through One Click Money for 14 days at the interest rate of 44 percent. However, she could not pay the debt on […]
Read MoreBusinesspeople have called on the government to take measures to control foreign capital and prevent foreign investors from acquiring local strong brands and Vietnamese enterprises in important business fields. Stark Corporation from Thailand has paid $240 million to acquire Thipha Cables, an electric wire and cable company, and Dovina, a non-ferrous metal and plastic company. […]
Read MoreDue to the COVID-19 pandemic, businesses have seen the benefits of trading online. Dang Hoang Hai, director of the Vietnam E-commerce and Digital Economy Agency, talks about the issue. The COVID-19 pandemic has pushed many businesses online, including those in Vietnam. Is this a temporary reaction or a long-term trend? Due to COVID-19, firms have seen […]
Read MoreThe Hanoitimes – In June 2020, Vietnam’s four state-owned mobile operators – Viettel, VNPT-Vinaphone, GMobile and MobiFone – agreed to share about 1,200 base transceiver stations (BTS). While a relatively new paradigm in Vietnam, it is expected that network sharing efforts would accelerate as the government seeks to streamline network deployments and slash capital spending, according […]
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