News

Vietnam continues to work to reduce inflation and maintain macroeconomic stability

On November 5, 2022, Prime Minister Pham Minh Chinh stressed that despite the economy's new problems, Vietnam would continue to adhere to its aim to maintain macroeconomic stability and contain inflation.

LS Electric Vietnam relocates its main facility to Bac Ninh to boost expansion

LS Electric will complete the transfer of its new factory from Hanoi to Bac Ninh, Vietnam.

Nine-month seafood exports to China jumps over 85%: Ministry

Seafood exports to China climbed by 85.2% in the first nine months of 2022 over the same period of 2021, according to latest data from the Ministry of Agriculture and Rural Development.

Amazon sells 10 million "made in Vietnam" products

Cross-border e-commerce in general, and in Vietnam in particular, continues to expand rapidly with positive signs. Vietnam is at a "golden time" for online exports, according to Amazon Global Selling Vietnam

HSBC hikes Vietnam growth forecast to 7.6%

Lender HSBC has raised Vietnam's growth forecast to 7.6% this year thanks to the country's broad-based recovery and significant improvement in the manufacturing sector.

Vietnam's commercial banks hike short-term deposit interest rates

Several commercial banks have raised deposit rates for terms of one month to less than six months reaching a maximum of 6%/year.

Philippines exempts duties for HDPE pellets from Vietnam

Vietnam's HDPE pellets are not subject to a safeguard duty in the Philippines since it is one of the developing countries that is not included due to the small number of imports.

Vietnam's central bank raises policy rates by 100 bps to combat ...

The State Bank of Vietnam announced on Monday to hike policy rates by 100 basis points, the second rise in a month, to combat inflationary pressures and protect the country's financial sector.

Vietnamese currency falls to record low against dollar

The dong depreciated to a new low against the U.S. dollar Wednesday morning, with state-owned Vietcombank selling the greenback at VND24,620 at 11.30 a.m.

Saigon Hi-Tech Park attracts $12 billion in investment

The Saigon Hi-Tech Park (SHTP) first developed a national high-tech hub with a total investment capital of $12 billion after 20 years of operation.

Vietnam ministry strengthens tax administration for e-commerce

There have 140,615 downloads and installs of the eTax Mobile from March 2022, and 69,465 transactions via commercial banks totaling over VND 308 billion ($12.6 million), according to the Ministry of Finance.

The State Bank of Vietnam expands the exchange rate band to 5%.

The State Bank of Vietnam agreed to increase the dollar-dong trading band from 3% to 5% from Oct. 17.

Vietnam’s overseas investment can top $1 billion annually

Overseas investment by Vietnamese firms is growing and can surpass $1 billion annually, from about $700 million at present, said Chairman of the Vietnam Association of Foreign Invested Enterprises Nguyen Mai.

Ministry orders refineries to bump up gasoline production

The Ministry of Industry and Trade has instructed the country’s two refineries to crank up gasoline production to maximum capacity as the south continues to report shortages.

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News

$16.08 billion needed to upgrade seaport system: workshop

Vietnam to continue facing difficulties securing fuel supplies, minister says

Vietnamese purchases 12 tons of gold in the third quarter