The current interest rate levels have been deemed appropriate for the time being, according to experts, and any attempt to further cut rates could impose unnecessary risks to Vietnam’s overall macro-economic stability in the medium term.
The State Bank of Vietnam set its reference VND/USD exchange rate at VND22,460/USD on the morning of October 18, up by VND8 from the day ago.
The 2017 HCM City Innovation, Startup and Entrepreneurship Week (WHISE 2017), the city’s biggest startup event of the year, will take place from October 23-28.
The northern province of Quang Ninh has directed departments and investors to open air routes for Van Don international airport, which is expected to be put into operation in April 2018.
Following initial success, some Vietnamese businessmen have made daring decisions pouring trillions of dong into huge projects, vowing to turn their conglomerates into businesses of international stature.
Investment in the central province of Quang Tri is on the rise. But without adequate preparation, Central Coastal Region Development Cooperation Advisory Team head Tran Du Lich warns, businesses could miss out on “a golden opportunity” to set up shop in this emerging destination.
Amid growing interest from foreign investors, Vietnam will soon consider cutting 50 per cent of personal income tax for employees in high-tech industries, paving the way to attracting more foreign investment in the sector.
Unions between Korean financial institutions and Vietnamese securities or asset management firms are on trend, with visible upsides for both parties.
The Vietnam Asset Management Company has decided to hike its reference interest rate on bad debts to 9.9% from the fourth quarter, up from 9.7%.
An increasing number of enterprises from the UK will come to Hanoi to explore investment opportunities in the future, said British Deputy Ambassador to Vietnam Steph Lysaght.
Hideo Sawada, Chairman of H.I.S, a leading travel conglomerate in Japan, has recently confirmed the group will take part in a hotel and resort project in Cam Ranh city, the central coastal province of Khanh Hoa.
Vietnam is attending the 12th ASEM Customs Directors-General and Commissioners Meeting in Berlin, Germany from October 14-19.
VOV.VN - Singapore is Vietnam’s leading partner in Asia, particularly in Southeast Asia, said Minister of Planning and Investment Nguyen Chi Dung at the 13th Vietnam-Singapore Connectivity Ministerial Meeting in Hanoi on October 17.
VOV.VN - Over 250 exhibitors from Vietnam, China, Japan, the Republic of Korea, India, and Nepal are showcasing their handicraft and gift products at the Hanoi Gift Show that opened on October 17 in Hanoi.
Quality is a key factor to increase the competitiveness of locally-made products, according to experts.
The central coastal city of Da Nang is striving to become a centre of tourism, high-quality services and high technology of Vietnam while playing a significant role in national urban development.
VOV.VN - Vietnam enjoyed a US$24.1 billion trade surplus with the US during the first nine months of this year, equal to 78% of the country’s total exports to the market, according to the General Department of Vietnam Customs.
Creating encouraging polices and a clear legal system is crucial to attracting investment to innovative start-ups, according to a Ministry of Planning and Investment (MPI) official.
The municipal Customs Department on October 16 officially started piloting an automated customs management and supervision system of imported and exported goods at the Noi Bai International Airport.
Foreign air carriers are opening new air routes to Vietnam to keep up with their competitors.