The central bank is ready to sell foreign currency to stabilize the market if needed. The State Bank of Vietnam (SBV) decided to widen the trading band of the USD/VND exchange rate from 3% to 5% from October 17. According to the SBV, since 2022, the Federal Reserve (Fed) and other major central banks have […]
Read MoreFor Vietnam, in 2021, revenue from the internet-based economy was $21 billion, estimated to rise to $57 billion by 2025, up about 271%. The “Vietnam e-commerce white paper 2022” released by the Ministry of Industry and Trade on September 15 cited a Google, Temasek and Bain & Company forecast that by 2025, e-commerce revenue in […]
Read MoreBy 2021, 62 outward investment projects of 14 enterprises had recovered the investment capital with an accumulated amount of $3.64 billion, including $1.74 billion worth of profits transferred home. The government’s report to National Assembly showed that total outward investment capital had reached $6.61 billion as of December 31, 2021, equal to 55 percent of […]
Read MoreThe strong foreign direct investment (FDI) inflow from the Republic of Korea (RoK) has been giving a significant push to Viet Nam in the battle to move up the global value chain ladder and promote sustainable development. RoK has been by far the most important source of FDI to Viet Nam and contributed greatly to […]
Read MoreVietnam’s economic growth was reported in all three key sectors, of which services increased by 10.57%, industry-construction up 9.63%, and agriculture-forestry-fishery up 2.99%. Despite global volatilities, Vietnam’s economy has rebounded strongly this year beyond the forecasts of many international organisations, making the country one of the rare bright spots in the global gloomy picture and […]
Read MoreVietnam will have to solve a difficult problem: How to raise the minimum tax rate to 15% but still keep the FDI inflows into Vietnam. Having invested more than 18 billion USD in Vietnam, Mr. Kim Yong Seok, Director of External Relations of Samsung, said: “Although Vietnam is a developing country with a lot of […]
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