Capital account restrictions largely insulate interest rates in Việt Nam from global monetary tightening and the country’s policy rate is expected to rise 50 basis points to 4.5 per cent by end-2023, according to Fitch Ratings.
HCM City’s public spending was too low in the first seven months of 2022, hindering its economic recovery from a slowdown due to COVID-19 pandemic, a city official said.
Prime Minister Phạm Minh Chính stressed the need to ensure the stability of the macro-economy, markets, politics, and people’s material and spiritual life while chairing a regular government meeting on Wednesday.
PetroVietnam Low Pressure Gas Distribution JSC (PV Gas D) – a subsidiary of Việt Nam Gas Corporation (PV GAS) - aims to become a leading natural gas products and re-engineered LNG distributor, ensuring clean fuel supply to industrial parks and urban areas in Việt Nam, according to its business strategy to 2025.
The Cửu Long (Mekong) Delta province of Trà Vinh is calling on farmers to only turn rice fields into other crops in accordance with the province’s zoning plan.
Việt Nam's textile and garment industry is still on target to achieve its export target of US$42-43 billion this year, despite the industry facing many difficulties in the second half of this year.
Despite facing difficulties, the southernmost province of Cà Mau saw remarkable economic growth in the first half and expects to meet its economic growth target of 7 per cent this year.
The Phúc Đức antique stores on Tạ Hiện street is commonly referred to as the "ancient fan museum" since it houses hundreds of European-made antique fans.
Dr Trần Thị Hồng Minh, director of the Central Institute for Economic Management (CIEM), Ministry of Planning and Investment, spoke to Vietnam News Agency about the prospects for economic recovery.
The recent drastic slash in fuel prices has been welcomed by both people and enterprises reeling from months of consecutive price hikes.
This move is expected to help economic recovery, keep inflation under control and rein in the rising cost of living.
Party General Secretary Nguyễn Phú Trọng told authorities to work harder to cope with the unpredictable development of the world economic and political situation, which can slow down Việt Nam’s recovery efforts.
The Organisation for Economic Cooperation and Development (OECD) two-pillar solution has introduced a global minimum corporate tax rate (GMCT) of 15 per cent applicable from 2023, but experts have mixed positions on the tax.
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