News

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

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.

Gov't establishes appraisal council to build Quang Tri airport under PPP ...

Deputy Prime Minister Le Van Thanh has signed a decision to form an appraisal council for Quang Tri airport investment under PPP mode.

Vietnam becomes third largest coffee supplier to U.S.

Vietnam has become the third largest supplier of coffee to the U.S. over the first eight months of 2022, reported the General Department of Customs.

Vietnam's 9-month petroleum import reaches 6.5 mln tons, up 22.7%

Vietnam spent $6.8 billion to import 6.5 million tons of petroleum of all types in the first nine months of 2022, according to the General Department of Vietnam Customs.

Jan.-Aug. exports to CPTPP nations increased by 38.7% to $41 bln

Vietnam's export value to CPTPP member nations climbed by 38.7 percent to $41 billion in the first eight months of 2022.

Vietnam economy seen growing 8% in 2022, beating official target - ...

Vietnam's economy is expected to grow 8% this year, beating an official target for an expansion of 6.0%-6.5%, the government said on Tuesday.

Banks raise deposit interest rates

Several banks have increased deposit interest rates ranging from 0.3-0.7%, notably VPBank making two boosts since September 24.

Which enterprises under Ministry of Construction to undergo ...

Song Hong, COMA, HUD, and VICEM are companies under the Ministry of Construction will undergo divestment and equitization.

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News

HSBC hikes Vietnam growth forecast to 7.6%

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

Philippines exempts duties for HDPE pellets from Vietnam