Two workers of Vietnam Electricity (EVN) are inspecting an electricity facility. EVN took out an unguaranteed foreign loan of 80 million euros in March to develop new grids in the South. — Photo baochinhphu.vn HÀ NỘI — As the State Bank of Vietnam is gathering comments on a draft amending …
Read More »MoF proposes further cut to environmental protection tax for petrol
A customer buys petrol at a petrol station of Việt Nam National Petroleum Group (PLX) in Hà Nội. — VNA/VNS Photo To control increases in petrol prices, the Ministry of Finance (MoF) has proposed to reduce the environmental protection tax for petrol products to the floor level. The reduction will …
Read More »Amazon and iDEA collaborate on initiative to support e-commerce manpower development for Việt Nam
Representatives of Amazon Global Selling and iDEA at the launching event. VNS Photo Mai Hương HÀ NỘI — Amazon Global Selling and the Vietnam E-commerce and Digital Economy Agency (iDEA) under the Ministry of Industry and Trade on Wednesday signed a Memorandum of Understanding (MoU) to collaborate on the …
Read More »Minister of finance grilled during NA meeting
Minister of finance Hồ Đức Phớc answers questions from deputies during a National Assembly meeting in Hà Nội. VNA/VNS Photo Doãn Tấn HÀ NỘI — Minister of Finance Hồ Đức Phớc told National Assembly (NA) deputies on Wednesday his ministry has been working around the clock to come up with …
Read More »Good policy implementation to help businesses access capital needed post pandemic
Economist Vũ Đình Ánh Việt Nam’s economy is recovering and businesses are in dire need of capital, especially “cheap” (low interest rate) capital to revive and develop their production and business activities post-pandemic. The latest data from the central bank revealed financial institutions and banks pumped more than VNĐ11 …
Read More »Retail sales of goods, services up in May
Việt Nam’s total revenue from goods and services retail sales surpassed VNĐ477 trillion in May. — Photo vietstock.vn HÀ NỘI — Việt Nam saw strong growth in its revenue from retail sales of goods and services in May 2022 due to an increase in tourism demand after the pandemic is bascially under control and the …
Read More »Inflation control an urgent task: Finance Minister
Minister of Finance Hồ Đức Phớc said at the 15th-tenure National Assembly’s third session meeting on Thursday. VNA/VNS Photo Phạm Kiên HÀ NỘI— Inflation control is one of Việt Nam’s urgent tasks, given the country’s deep integration into the world economy and its dependence on material imports, Minister of Finance …
Read More »State Bank asks for extension to bad debt programme
Nguyễn Thị Hồng, Governor of the State Bank of Vietnam, gives a report to the National Assembly during a meeting in Hà Nội on May 24. VNA/VNS Photo HÀ NỘI — The Government has asked for an extension to a pilot programme designed to handle bad debt from domestic …
Read More »Capital mobilisation through corporate bonds may decrease sharply
FiinRatings data shows that the size of bond credit is currently at VNĐ273.9 trillion (US$12 billion) at the end of 2021. VNA/VnExpress News Photo HÀ NỘI The scale of capital mobilisation through corporate bonds is forecast to decrease sharply, but there will be a drastic change in quality, according to …
Read More »Technology to help F&B recover
A shipper takes food from a shop to deliver to cusotmer in HCM City. Technology applications have played an important role in helping the food and beverage (F&B) market in Việt Nam. — Photo Courtesy Baemin HCM CITY — Technology applications have played an important role in helping the food and beverage (F&B) …
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