News

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.

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.

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News

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

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

Amazon sells 10 million "made in Vietnam" products