A fiscal expansion
A solution to economic growth that the Government has doubled down on is to spur public investment, with major infrastructure projects given a focus. Such efforts have yet to pay off. What is the problem? Fiscal expansion In March 2023, the State Bank of Vietnam (SBV), the central bank, twice
A journey of healing
Henrike Doornbos, who has lived in and out of Vietnam, has been battling depression most of her life. After reading about it and seeking help, she overcame her mental problems and began a career as a life coach in Vietnam. She speaks to The Saigon Times about her journey with depression, why
Vietnam's fruit exports to China and Laos increased sharply
Vietnam's fruit are heavily imported into China and Laos.
Northern Vietnam faces the risk of 4900 megawatts of power shortage in this 2023 dry season
According to EVN's calculations, the northern power system faces a shortage risk of 1600 to 4900 megawatts in May and June.
Facing the global minimum tax
The day the global minimum tax takes effect is drawing near. Seminars have been held over the past two weeks, one after another, to discuss this topic. But a final say about whether Vietnam will uphold the tax has yet to be heard, putting FDI businesses under tenterhooks. Some 90 groups feel the
The return of hope
Modest growth reported by securities firms in the first quarter of 2023 came as no surprise given the dismal market conditions and the high base in the year-ago period. A predictable fall Securities firms reported lower revenue and profit in the first three months of the year. Leading companies
Ample room for rice exports
Vietnam’s rice exports rose strongly by nearly 45% in value in the first months of the year, while many enterprises did not have sufficient rice to export, given the increasing global demand for food. On April 26, the Ministry of Industry and Trade held a conference in HCMC to evaluate rice
Health Ministry urges tight regulation of e-cigarette sales
HCMC – The Ministry of Health has written to the relevant ministries and agencies asking them to raise public awareness of the harmful effects of e-cigarettes and urging tight regulation of the sale, purchase and trading of e-cigarettes and heated tobacco products. Electronic cigarettes, heated
Vietnam PM to attend ASEAN Summit in Indonesia
HCMC – Prime Minister Pham Minh Chinh will lead a high-ranking delegation of Vietnam to attend the 42nd ASEAN Summit in Labuan Bajo, Indonesia, from May 9 to 11. PM Chinh will attend the event at the invitation of the Indonesian President and Chairman of the 42nd ASEAN Summit, Joko Widodo,
Two industrial parks in HCMC added to development planning
HCMC – Deputy Prime Minister Le Minh Khai has approved including two industrial parks in HCMC in the development planning of Vietnam’s industrial parks (IPs). The deputy PM signed Dispatch No. 364 approving the Ministry of Planning and Investment’s proposal for revising the development planning of
SBV buys nearly US$4.9 billion in Jan-Apr
HCMC – The State Bank of Vietnam, or SBV, bought nearly US$4.9 billion in the first four months of this year, thus shoring up the country’s foreign exchange reserves, according to the Ministry of Planning and Investment. As the exchange rate between the U.S. dollar and the Vietnamese dong remained
Rice exports in Jan-April grow strongly
HCMC – Vietnam exported around 2.95 million tons of rice worth nearly US$1.56 billion in the first four months of this year, up 43.6% in volume and 54.5 % in value year-on-year, according to the Ministry of Agriculture and Rural Development. This is the highest growth rate among the key
