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
Vietnam’s CPI inches up 3.15% in 2022
HCMC – Vietnam’s consumer price index (CPI) in 2022 rose 3.15% year-on-year, lower than the National Assembly target of 4%, according to the General Statistics Office (GSO). Fuel prices left a significant impact on the CPI. In specifics, 34 fuel price adjustments in the year resulted in domestic
The situation is now different
The State Bank of Vietnam’s (SBV) recent decisions to hike key interest rates, widen the trading band of the Vietnamese dong, and actively engage in open market operations have significantly contributed to ensuring macroeconomic stability and easing inflationary pressure The effectiveness of
Rumors of sharp consumer price rises denied
HCMC – The head of the Price Statistics Department at the General Statistics Office (GSO), Nguyen Thu Oanh, has rejected rumors that consumer prices have soared 10-20% this year. The GSO said in a recent release that rent rose again due to the high demand and some localities increased tuition fees
Enterprises fret over economic turbulence
The exchange rate and market volatility, alongside inflation, have been challenging many enterprises in Vietnam regarding domestic consumption and import-export management. A plunge of consumption In early October, Chu Thi Hong Lieu, a small delicacy trader, said that consumption dropped by
HSBC: Vietnam’s inflation looms large
HCMC – Inflation has surpassed Vietnam’s target despite the country’s efforts to keep it under control, according to HSBC Global Research. The State Bank of Vietnam, the central bank of the country, continued to hike discount and refinancing rates by 100 basis points to 4.5% and 6% on October 25
Vietnam's rice exports face escalating inflation
(VAN) According to Dr. Le Dang Doanh, the escalating inflation and India's rice export restrictions caused the export price of many countries to increase.
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.