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.
“Việt Nam’s economy is even stronger than we had expected at the beginning of the year, but that strength is not reflected by higher stock prices due to the [US’s] aggressive rate hikes and the recent regulatory crackdown in Việt Nam,” Michael Kokalari, chief economist at VinaCapital, has said in a report.
Geopolitical tensions in some notable hot spots, anti-COVID-19 measures of global manufacturing hub China, and the US Federal Reserve’s monetary policies could damper Việt Nam's economic recovery, experts said at a business forum held in HCM City on Thursday (August 4).
Speaking at the ceremony to mark MoNRE's 20th anniversary, Prime Minister Phạm Minh Chính said that environmental resources are an indispensable factor for human survival and development, as well as the sustainable development of the country.
Vietnamese Foreign Minister Bui Thanh Son joined his ASEAN counterparts in meetings with the US, India, Australia, Canada, New Zealand, the EU, and Russia on Thursday within the framework of the 55th ASEAN Foreign Ministers' Meeting (AMM-55) and related meetings in Phnom Penh, Cambodia.
Colonel Nguyễn Minh Khương, deputy head of the Police Department of Fire Prevention, Fighting and Rescue, speaks with Vietnam News Agency about the devotion of firefighters to fulfilling their task after the deaths of three firefighters at a fire in Cầu Giấy District on August 1.
While many products exported to the UK enjoyed strong increases owing to the UK-Việt Nam Free Trade Agreement (UKVFTA), Việt Nam’s timber industry is facing difficulty in expanding in this market that requires manufacturers and exporters to change their business strategies here.
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.