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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.
Banks’ profit forecast to drop significantly in H2
The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1% compared to the same period last year due to an increase in provisions for risky loans in the wake of the COVID-19 pandemic.
90% of Vietnamese millionaires invest in real estate
While COVID-19 continues to impact the whole economy, most millionaires in Vietnam have been investing in the real estate market.
Smart cities in Vietnam hold solution to pandemic
Smart cities hold the answer to the modern world's problems including rising population, pollution, traffic congestion, climate change and even global-scale disasters such as the COVID-19 pandemic, according to experts.