Trade between Vietnam and Cambodia reached a record $7.7 billion in the first eight months of the year. Vietnam’s exports rose by 32% year-on-year to $4.1 billion, as the country turned last year’s deficit into a surplus, according to its customs department. The biggest item was iron and steel, accounting for 17% of the total, […]
Read MoreAs many major central banks tightened monetary policies to contain soaring inflation, the State Bank of Vietnam (SBV) on September 22 also decided to hike its benchmark interest rate by 100 basis points, effective September 23. This is the first rate hike by the SBV since 2020, after the outbreak of the COVID-19 pandemic. According […]
Read MoreThe visa process does not always go smoothly. Sometimes, it moves so slowly that some specialists cannot enter Vietnam on schedule, leading to production disruptions. A cumbersome visa process is holding back projects funded by foreign direct investment (FDI), according to insiders. Nguyen Xuan Thang, Chairman of Schaeffler Vietnam, said his company needed foreign specialists […]
Read MoreThe Government needs to carefully evaluate the effectiveness of the petrol and oil price stabilisation fund in keeping the commodity’s retail prices stable before deciding to maintain or eliminate the tool, experts said. Vietnam is considering amending the Law on Price, which mentions several commodities under the Government’s price stabilisation scheme including petrol and oil. […]
Read MoreAt the government’s meeting on September 22, 2022, he noted that world developments are now complicated and unpredictable. He emphasized that many central banks have raised prime interest rates. “In such conditions, we must not be negligent. We need to take the initiative in grasping the situation, keeping calm and confident, flexible and creative in […]
Read MoreADB Country Director Andrew Jeffries has talked on the recent interest rate hike by the State Bank of Vietnam in the context of the Fed, ECB and a number of countries raising their rates to curb inflation. “Another significant achievement in economic policy in Vietnam has been maintaining macro-economic stability,” Jeffries said. According to him, […]
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