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A flexible forex policy

The dollar-dong exchange rate has regained stability after the U.S. Federal Reserve slowed its interest rate hikes. This has allowed the State Bank of...

Real interest rate too high

Lately, knock-on effects from the monetary tightening policy designed to fight inflation and maintain the forex rate, coupled with negative impacts from the corporate...

Taking issue with interest rates

With banks joining an interest rate hiking race that may lead to economic uncertainties, it is high time to take measures to stabilize this...

Over 200,000 firms join local market in 2022

HCMC – Vietnam saw 208,000 businesses being established and resuming operations in 2022, up 30% year-on-year, according to a report from the General Statistics...

VAT, fuel tax cuts proposed for extension

HCMC – Business associations have written to the Government and the Ministry of Finance proposing extending the VAT cut of two percentage points and...

Vietnam’s seaports handle 733 million tons of cargo in 2022

HCMC - Cargo throughput of Vietnam’s seaports in 2022 has amounted to 733.18 million tons, a 4% increase against 2021, said Hoang Hong Giang,...

Credit in HCMC grows 14%

HCMC – Lending to businesses, especially those active in priority fields, has risen since the central bank increased the credit growth limit for 2022. These...

Two deputy PMs leave Party Central Committee

HCMC – Permanent Deputy Prime Minister Pham Binh Minh has lost his membership of the Politburo and of the Party Central Committee while Deputy...

Over 3.3 million motorbikes made in Vietnam in 2022

HCMC - More than 3.3 million motorbikes have been made in Vietnam in 2022, according to the General Statistics Office. Data from the office showed...

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