The U.S. dollar rose slightly against the Vietnamese dong on the black market Saturday morning.   An employee counts U.S. banknotes at a bank in Ho Chi Minh City. Photo by VnExpress/Thanh Tung  Unofficial exchange points sold the greenback 0.12% higher at VND25,770. Vietcombank kept its rate stable at VND25,477.   The State Bank of […]

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U.S. company Apple had Southeast Asia’s highest number of suppliers in Vietnam last year and fourth highest globally. There were 35 suppliers as of the 2023 financial year (which ended on Sep. 30), according to the Supplier List announced by Apple recently. In Southeast Asia, Thailand (24 suppliers), Malaysia (19) and the Philippines (17) followed […]

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The Vietnamese government will provide cash support for large FDI enterprises and domestic firms leading key economic sectors in the country during the 2024 fiscal year. The government offered the support in a draft decree on the establishment, management, and use of investment support funds which will be issued next month to respond to the Organization […]

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Financial institutions, fintech firms, payment facilitators, and merchants showcased their best practices and thought leadership, including their discussions about emerging digital payment trends in Vietnam, at a recent forum.   A panel discussion on the future of payments in Vietnam  The forum, titled ‘Open Payments Forum’ and hosted by Visa last week, explored the future […]

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Officials and experts gathered at a conference recently held in Ho Chi Minh City to discuss multifaceted aspects related to carbon credit pricing, deliberating on strategies for the establishment of a robust carbon credit exchange platform. The pricing of carbon credits is a topic of public concern, Nguyen Van Minh, head of economics and climate change […]

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Attendees at a recent event to discuss carbon credit market regulations in Ho Chi Minh City enjoyed an array of eco-friendly products showcased by local businesses. The conference ‘Carbon Credit Market – A Driver for Building a Green Vietnam,’ together with the launch of the Green Vietnam project, was held by Tuoi Tre (Youth) newspaper at the […]

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Vietnam ranks second globally in the ratio of the population with cryptocurrency ownership, according to a report by payment platform Triple-A.   An investor looks at cryptocurrency data on a trading platform. Photo by VnExpress/Khuong Nha  Around 21.2% of the Vietnamese population owns crypto, second only to that of the U.A.E at 34.4%. The U.S. […]

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Vietnam’s strategic location and flexible laws can attract technology behemoths like Google, Amazon and Microsoft into opening data centers in the country, according to a new report.   The Saigon Hi-tech Park in HCMC. Photo by VnExpress/Quynh Tran  Many U.S. cloud service providers would soon enter Vietnam’s data center market, making it increasingly competitive and […]

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Pilot programs pave the way for nationwide expansion of electronic toll collection (ETC) systems, eliminating physical barriers and streamlining traffic flow.   Vietnam’s ambitious plan to implement barrier-free ETC represents a transformative vision for the country’s transportation infrastructure. (Photo source: internet.) Vietnam’s Ministry of Transport (MOT) is spearheading a nationwide initiative to revolutionize the country’s […]

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Never before has the term ‘green credit’ been so frequently mentioned by banks in Vietnam, who are now continuously collaborating with international organizations to capitalize on funding for green credit projects, all while being committed to reducing emission levels.   Workers process coconuts at a facility owned by Ben Tre Import and Export Joint Stock Corporation, […]

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