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Vietnam’s energy sector a magnet for foreign investors
National electricity demand is expected to increase by 8.5% a year until 2025 and 7% until 2030, making Vietnam an attractive market for foreign energy investors.
SBV tells banking industry to develop an inclusive finance system
The State Bank of Vietnam (SBV) urged the banking industry to build an inclusive finance system that serves all members of society in Vietnam in Hanoi on September 10.
HCM City to speed up disbursement of public funds
Ho Chi Minh City will continue to speed up the disbursement of public funds and seek to increase budget revenue for the remaining months of the year, the chairman of the municipal People’s Committee has said.
Vietnam's current account surplus forecast at 3.7%
Vietnam’s current account surplus could narrow to 3.7% in 2020 from 4.9% last year due to the impacts of the COVID-19 pandemic, according to Fitch Solutions.
Vietnam imports 53,000 CBU cars in eight months
Vietnam spent about US$1.2 billion to import 53,000 completely built unit (CBU) cars in the first eight months of this year.
HCM City’s retail firms adapt to COVID-19, go online
Retailers in Ho Chi Minh City have quickly adapted to the situation caused by the COVID-19 pandemic by resorting to e-commerce and delivery services.
Vietnam’s forex reserve sets new record
Vietnam’s foreign exchange reserve has hit a new record high of US$92 billion, a significant expansion from US$84 billion which Governor of the State Bank of Vietnam Le Minh Hung revealed in April.
HCM City seeks ways to increase exports
Ho Chi Minh City’s Department of Industry and Trade has unveiled a project to promote exports over the next five years.
Da Nang calls for US$2 billion investment in 2021-2025
The central city of Da Nang has called for total investment of VND47.5 trillion (US$2 billion) from the State Budget and foreign sources for the development of 38 projects between 2021-2025, focusing on transport and traffic.
More Vietnamese consumers now shop online
Online shopping and electronic payments in Vietnam have become more common in recent years as more of the country's population gains access to the internet.