Is it risky to cut interest rates?
Within only two weeks, the State Bank of Vietnam (SBV) has twice cut key interest rates. This move has stirred up concerns among certain observers that the SBV may have made a premature move compared to other central banks’ actions. However, there is a good reason behind the SBV’s move to support
HCMC’s business confidence predicted to improve in Q2
HCMC – In contrast to bleak financial prospects in the January-March period, reflected in the city’s gross regional domestic product expansion of a mere 0.7%, the financial picture may become bright in the year’s second quarter. Citing data from the HCMC Statistics Office survey, Bui Ta Hoang Vu,
Coping with global uncertainties
Dynamics for global growth are seen weakening in 2023, posing challenges for Vietnamese enterprises in the coming time. Managing director of the International Monetary Fund (IMF) Kristalina Georgieva has recently warned of more setbacks for the global economy in 2023, as three economic powerhouses
Party chief attends Govt’s teleconference with provinces
HCMC – Party General Secretary Nguyen Phu Trong is attending the Government’s teleconference with centrally-governed provinces and cities today, January 3, to review the nation’s socio-economic performance in 2022 and discuss development plans for this year. Unpredictable global developments and
HCMC reports strong economic growth this year
HCMC – HCMC’s gross regional domestic product is estimated to rise by over 9% this year, well above the target of 6%-6.5%, showing the city’s strong post-Covid recovery, heard a conference held by the Standing Board of the HCMC Party Committee on November 30. All the three main pillars of the
PM urges HCMC to speed up public investment disbursement
HCMC – Prime Minister Pham Minh Chinh has urged HCMC to speed up the disbursement of public investment to further boost economic growth. He was speaking at a meeting with the municipal government on the city’s socio-economic growth on November 27, identifying public investment as one of the key
HCMC’s 2023 economic growth forecast at over 7%
HCMC – The HCMC Institute for Development Studies (HIDS) has envisioned three scenarios for the city’s 2023 economic growth, with all projected at 7% or higher despite economic uncertainties likely to continue into next year. In the first scenario, in which China’s zero-Covid policy and real
USAID Launches Project to Improve Private Sector Competitiveness in Vietnam
Small and growing businesses are key contributors to Vietnam’s economic growth, accounting for 40% of GDP and 60% of total employment in 2018.
Official Announcement Vietnam Open Innovation Landscape Report 2021
The Report has received more than 800 registrations from startups to get listed in the Report and more than 2,000 subscriptions from readers so far.
Standard Chartered Forecasts Vietnam 2022 GDP Growth at 6.7%
According to Standard Chartered’s economists, exports should be supported in 2022 by a continued improvement in the global trade environment, although import growth is likely to remain high.
ADB, TPB Sign $25 Million Loan to Finance Women-Led Smes in Vietnam
The loan is accompanied by a $750,000 technical assistance grant to help TPB better meet the needs of WSMEs.
World Bank Credit to Strengthen Infrastructure, Boost Climate Resilience in Vinh Long City
The Government of Vietnam and the World Bank have signed a US$126.9 million financing agreement to improve access to infrastructure, connectivity and reduce flood risk in the urban core of Vinh Long City.