Exchange rates cannot be sacrificed for low interest rates, says deputy governor   SBV’s Deputy Governor Dao Minh Tu. (Photo source: https://thitruongtaichinhtiente.vn/) Deputy governor Dao Minh Tu outlined the strategy of the State Bank of Vietnam (SBV), the country’s central bank, emphasizing the need to harmonize exchange rates and interest rates without sacrificing one for […]

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Amidst surging electricity demand, Vietnamese companies are saving money by shifting production outside of peak hours.   Vietnam’s economic rebound and prolonged hot weather are putting pressure on the country’s power grid. In the first quarter of 2024, electricity demand increased by nearly 14% compared to the same period last year according to Electricity of […]

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Country aims to become a key player in rapidly growing sector vital to digital technologies   Vietnam’s Minister of Science and Technology Huynh Thanh Dat at the workshop on April 17. (Photo source: MoST) Vietnam’s drive to become a significant player in the global semiconductor industry took center stage at a recent workshop held on […]

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Gold prices have risen 15-22% this year, making it the best performing asset class. Bullion prices were up 14.8% to a historic high of VND85 million (US$3,373.7) per tael of 37.5 grams last week. Pure gold rings appreciated by 22.3% to VND78 million.   In comparison, bank deposits yielded 1.23% — for a 12-month term […]

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Food exporters are seeing a recovery in orders though admittedly they have yet to climb back to the levels of past years.    Cai Mep Terminal in Ba Ria – Vung Tau Province. Photo by VnExpress/Dang Khoa  “We have gotten orders worth tens of millions of dollars so far this year,” Le Thi Giau, chairwoman […]

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Prime Minister Pham Minh Chinh greeted Apple CEO Tim Cook at the Government Office in Hanoi on Tuesday, suggesting Apple help Vietnam with green growth. Cook arrived in the capital city of Vietnam on Monday morning for his two-day business trip.   Apple CEO Tim Cook gestures during a meeting with Vietnamese Prime Minister Pham Minh […]

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Áp lực về tiêu chí xanh, hay bền vững trong đơn hàng xuất khẩu ngày càng dày đặc trong khi doanh nghiệp phải xoay xở không được tăng giá. Chủ tịch công ty cổ phần Dệt may – Đầu tư – Thương mại Thành Công, kiêm Phó chủ tịch Hiệp hội Dệt may Việt Nam […]

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Amidst geopolitical shifts and a focus on renewables, Prime Minister Pham Minh Chinh met with the head of Russia’s Zarubezhneft to bolster their decades-long oil and gas cooperation and discuss potential wind energy ventures.   Prime Minister Pham Minh Chinh pledged his government’s support for mutually beneficial cooperation in the oil, gas, and energy sectors. […]

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PM Pham Minh Chinh lauds military telecom giant’s advancements in high-tech defense production, assigning the critical task of developing a domestic chip industry.   Vietnamese Prime Minister Pham Minh Chinh made a high-profile visit to the Military Industry and Telecommunications Group (Viettel) in Hanoi on April 9th. (Photo source: VOV) Vietnam’s Defense Modernization Drive Gains […]

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EuroCham’s latest Business Confidence Index reveals surging optimism within the European business community, positioning Vietnam as a favored investment destination. Yet, regulatory hurdles need tackling for the country to reach its full potential.   Illustration European businesses are signaling renewed confidence in Vietnam’s economy. This resurgence in optimism is reflected in the European Chamber of […]

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