The international reserves held by the State Bank of Viet Nam (SBV) were equal to US$92 billion at the end of August, up from $80 billion at the end of December.
Ten years after the Vietnam-Japan Economic Partnership Agreement entered into force in 2009, with import tariffs removed already, Japanese consumer goods suppliers are looking into bolstering their presence in the Vietnamese market amid local and regional competition.
The State Bank of Vietnam (SBV) sought to further cut interest rate in an effort to boost the country's economic recovery, said its deputy-governor Nguyen Thi Hong in an SBV's press conference held by yesterday in Ha Noi.
Pegatron Corporation, which is one of world’s five largest electronic parts and component manufacturers, is proposing to develop a plant in Nam Dinh Vu Economic Zone in the northern city of Haiphong.
With a tumultuous 2020 slowly nearing its end, the Ministry of Planning and Investment is engaging in pushing all national administrative agencies to speed up disbursement of capital to support the country’s goal of reaching satisfying economic growth, despite the pandemic’s impacts.
The COVID-19 pandemic is undoubtedly the most severe health crisis we have encountered in our lifetime, unleashing the worse economic downturn since the Great Depression, and the virus became a recurring topic in the Monthly Briefing on the World Economic Situation and Prospects, where its severe direct and indirect economic impacts on specific sectors are discussed.
Despite COVID-19 interruptions reported across most economic activities, Ng Teck Yow, general director of Gamuda Land Vietnam, confirmed with VIR’s Nguyen Huong in an interview that property, especially in the south of Hanoi, still draws investors if developers manage to capture the predominant trends.
The World Bank expected the government to stimulate the recovery in the short term and preserve fiscal and debt sustainability in the longer term.
Regional and financial co-operation are crucial to strengthen the co-ordination and respond to the impacts of the COVID-19 pandemic and support a sustained economic recovery, participants agreed at a meeting held Friday in Ha Noi.
The State Bank of Viet Nam (SBV) should develop policies for commercial banks, helping them disburse capital mobilised from organisations and people, said economic expert Nguyen Minh Phong.