The World Economic Forum’s Community of Chief Economists expects lower economic activity, higher inflation, lower real wages and greater food insecurity globally in 2022, pointing to the devastating human consequences of the fragmentation of the global economy.
The retail prices of oil and petrol continued to rise from May 23 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance.
The Government has officially issued Decree 31/2022/NĐ-CP on interest rate support from the State budget for loans of enterprises, co-operatives and business households.
Việt Nam’s inflation is expected to be contained below 4 per cent this year while the economy is projected to grow 6.3 per cent, according to the latest report on Việt Nam by ASEAN+3 Macroeconomic Research Office (AMRO).
The State Capital Investment Corporation (SCIC) posts high revenue but profits sank to 10-year low due to losses from its affiliated companies.
ASEAN has been a huge potential market for Vietnamese rice, and export firms should have a strategy to expand in the market of nearly 700 million people with similarities in culture and lifestyles, Nguyễn Thị Thu Thủy, Deputy Director of Export Support Centre under the Việt Nam Trade Promotion Agency has said.
Although the rally in recent sessions was quite positive, with the temporary cautious state of cash flow, it is likely that the market will need a step back to re-test supply and demand, said brokerages.
An upgrade to emerging status will not only help the stock market develop quickly, transparently and sustainably, but also attract huge foreign capital inflows, said experts.
Though credit demand is recovering quickly, banks still have to face big challenges related to rising bad debts, provisions and deposit interest rates.
The third quarter will be the most stressful period for inflation, said Trần Toàn Thắng, head of the National Centre for Socio-Economic Information and Forecast, at a conference on the Việt Nam Annual Economic Report 2022.
Rising labour and production costs have prompted some relocation, but HCM City remains an appealing investment destination given its market size and speedy recovery, experts say.
Vietnam Electricity (EVN) said it is accelerating power generation and grid projects, especially urgent infrastructure, to ensure supplies in the hot season.
Minister of Finance Hồ Đức Phớc had assigned Deputy Finance Minister Nguyễn Đức Chi to directly take the charge of the State Securities Commission (SSC) from May 19.
The pandemic has been exposing the unsustainability of current consumption and production models, stressing the need for a green growth strategy and the incorporation of sustainability into the heart of business.
Analysts forecast bright prospects for the natural rubber industry this year, driven by increasing global demand which has helped the industry escape the prolonged excess supply, while firms were divided on their profit outlooks.
These projects will be in the province's prioritised areas such as traffic infrastructure, urban development, housing, agriculture, as well as industry, trade and services, culture and tourism.
Hybrid working has improved total employee wellbeing, work-life balance, and performance in Việt Nam, according to a new global Cisco study.
Việt Nam managed to control public debt within a safe level with gradually slowing year-on-year increases. However, according to the Ministry of Finance, the economy was severely hit by the COVID-19 pandemic in the past three years.