The Ministry of Finance expects inflation of 3.2% or 3.7% this year, well below than the maximum target of 4.5%. It put forth the two alternative scenarios at a meeting of the Steering Committee on Price Management chaired by Deputy Prime Minister Le Minh Khai on Aug. 3. The consumer price index would rise by […]

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Vietnam’s index of industrial production (IIP) increased by 3.9% in July over the previous month and by 3.7% year-on-year, the General Statistics Office announced Saturday. However, in the first seven months of the year, the index, which is based on growth rates of different industry groups, decreased 0.7% year-on-year due to prolonged economic headwinds and […]

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Vietnam has made an important contribution to the operation of the Association of Southeast Asian Nations (ASEAN), through some initiatives aimed at addressing challenges and issues in the bloc, such as responding to the COVID-19 pandemic, accelerating the negotiation process for a Code of Conduct in the East Sea (COC) or advocating the five-point consensus […]

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Remittances to Ho Chi Minh in the first half of 2023 topped $4.33 billion, an increase of 37% compared to the same period last year, the State Bank of Vietnam’s HCMC branch reported. The amount of remittances from Asia and Africa has grown significantly over the same period last year, in which the money sent […]

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The Asian Development Bank (ADB) has lowered its GDP growth forecast for Vietnam from 6.5% to 5.8% this year due to persistent economic challenges in the Southeast Asian nation. Vietnam’s industrial and manufacturing sectors continue to face pressure from weak external demand, the bank said in a report. It also lowered the country’s 2024 growth […]

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Countries like Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries, Savills Asia Pacific has said. Countries like Vietnam and Indonesia could be beneficiaries if firms start to look for low-cost production centres in Asia, particularly for labour-intensive and low-margin industries, Savills Asia […]

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Standard Chartered has predicted that Viet Nam’s economy would continue recovery and expand 7 per cent in the second half of this year compared to 3.7 in the first half.   In its latest report, the bank attributed this positive growth trend to sustained improvements in trade data since the beginning of 2023, indicating a […]

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A person makes online purchases with a credit card. Photo by Shutterstock/Kostenko Maxim Online exports are seen as a “launchpad” that helps businesses maintain sustainable revenue and increase exports in the context of rising inflation and consumers tightening their spending, according to insiders. Tran Thi Yen Phi, CEO of DSW Services and Trading Company Ltd, […]

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Although the economy still faces many difficulties, causing newly registered enterprises to decrease again, attracting foreign direct investment (FDI) still decreased over the same period… but many indicators such as production Exports of the whole industry, investment from the state budget, total retail sales, import and export of goods, etc. have improved compared to the […]

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In the first quarter, approximately $2.2 billion was sent to this Southern city, up 19.41%. Measures are needed to further boost remittances to Ho Chi Minh City, including creating favorable conditions and improving the investment environment, experts told a conference in the city on May 22. Remittances to Ho Chi Minh City have continued to […]

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