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Vietnam’s loose monetary policy a stability threat

US dollar and Vietnam dong banknotes at a branch of VPBank in Hanoi, November 2017.

Vietnam’s overly loose monetary policy poses a downside risk to macroeconomic stability, according to a new analysis by Fitch Solutions. A new report by Fitch Solutions Macro Research, a unit of Fitch Group, forecasts that the State Bank of Vietnam (SBV) will opt to keep its benchmark refinancing rate at …

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Vietnam’s FastGo app looks to speed across borders

FastGo plans to launch the app at Indonesia and Myanmar soon.

The nation’s first ride hailing app, FastGo, is set to hit the road in Indonesia and Myanmar later this year. FastGo CEO Nguyen Huu Tuat said on Friday that the app will have its own payment system and will “personalize” promotion deals that will match customers’ interests. “Our goal is …

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Maximising advantages of the circular economy

Vietnam is making great inroads to reduce environmental pollution and pursue green growth, with the renewal of the growth model. Le Thanh Thao, country representative of the United Nations Industrial Development Organization in Vietnam, writes about the circular economy – a new method of creating value and ultimately prosperity as …

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Fitch revises Vingroup’s outlook to negative

The Negative Outlook reflects Vingroup`s heightened business risk and Fitch estimated that leverage, defined as net debt/adjusted inventory, is likely to rise to 58% in 2018, before falling to 36% in 2019. Fitch Ratings has affirmed Vietnam’s largrest privately-run conglomerate Vingroup’s long-term foreign- and local-currency Issuer Default Ratings at ‘B+’, …

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Vietnam Motor Show to be held in October

Vietnam Motor Show 2018 (VMS) will be held from October 24 to 28 with 15 brands such as Audi, Chevrolet, Ford, Jaguar, Lexus, Maserati and Toyota in HCM City. This year, VMS is jointly held by the Vietnam Automobile Manufacturers Association (VAMA) and Vehicles Imported Vietnam Association (VIVA) at Saigon …

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E-commerce looks towards sustainable development

E-commerce has rocketed in Vietnam over the past five years, with online retail sales expanding 20 percent annually, according to the Department of E-commerce and Digital Economy under the Ministry of Industry and Trade. Le Thi Ha, head of the department’s policy office, said Vietnam’s e-commerce retail sales had reached …

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