October 3 will mark the 32nd anniversary of Germany’s reunification. Marko Walde, chief representative of the Delegation of German Industry and Commerce in Vietnam (AHK Vietnam), writes about how important the Vietnamese market is to German investors.
Despite the US Federal Reserve’s latest interest rate hike, the Vietnamese currency has seen only limited depreciation when compared to the currencies of its regional partners.
It is critical for Vietnamese enterprises to create solutions to minimise supply chain disruptions in the face of global uncertainty and take advantage of overseas investment, participants heard at a Ho Chi Minh City event last week.
The State Bank of Vietnam (SBV) has net withdrawn VND57.6 trillion through open market operation (OMO) and foreign currency selling channels to maintain the liquidity of the banking system at a sufficient level and create indirect impacts on the interbank interest rates.
The Vietnamese agricultural sector expects to secure sufficient food supplies for the market in the coming months.
Vietnamese automotive component industry has a dim outlook for growth as it lags behind those in many other regional countries, according to the Ministry of Industry and Trade (MoIT).
The Vietnamese Product Exhibition Week opened at AEON shopping mall in HCM City on Tuesday to introduce more Vietnamese goods to AEON supermarket chain.
One of the weaknesses of Vietnamese enterprises is the poor compliance with food hygiene and safety regulations at their factories, said Takao Kazaoka, deputy general director in charge of purchasing at AEON Vietnam.
Many commercial banks have increased interest rates for Vietnamese dong deposits over the past few days after the State Bank of Viet Nam raised its policy rate by 100 basis points last Thursday.