The Vietnamese manufacturing sector remained in growth territory at the start of the third quarter of the year, but there were some signs of demand softening. As such, output, new orders and employment all increased at weaker rates than in June, according to S&P Global.
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.
The value of aquatic exports in July fell below US$1 billion for the first time in 2022, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Governor of the State Bank of Vietnam Nguyễn Thị Hồng said it is reasonable due to restricted supply according to the country’s policy to restrict gold supply sources with an aim to fight dollarisation and goldisation in the domestic economy
The recent fluctuations in the US dollar and Japanese yen have both positive and negative impacts on Vietnamese traders, according to experts of the Ministry of Industry and Trade (MoIT).
As Việt Nam's electric vehicle (EV) market grows, the demand for batteries and energy storage solutions is accelerating and attracting the attention of many investors.
The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that its members sold 25,159 vehicles in June, down 42 per cent from May ending three consecutive months of gains.
Standard Chartered Bank forecasts Việt Nam’s GDP growth at 10.8 per cent and 3.9 per cent for the third and last quarter of 2022, respectively, taking full-year growth to 6.7 per cent. High global oil prices may have negative consequences for the economy.
Chairing a Government meeting after the US Federal Reserve (Fed) raised interest rates, Prime Minister Phạm Minh Chính stressed the need for macroeconomic stability, controlling inflation, and boosting economic recovery.
More than 270 exhibitors from 17 countries and territories are taking part in an international exhibition of textile and garments and fabric and garment accessories (SaigonTex & SaigonFabric) that opened on Wednesday at the Saigon Exhibition and Convention Centre in HCM City.
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