Tag: cuts
State Bank of Vietnam pushes rate cuts as economy grows 7.5%
The State Bank of Vietnam (SBV) urged commercial and foreign banks to stabilise deposit rates and slash lending rates at a conference in Hanoi on August 4, in line with Government directives to drive economic recovery amid the robust 7.52% GDP growth in the first half of 2025.
HanoiPrintPack 2025 marks turning point for printing, packaging innovation
VOV.VN - With more than 150 booths from 11 countries and territories, the 12th Hanoi International Printing and Packaging Exhibition (HanoiPrintPack 2025) opened on July 2, offering a comprehensive look at Vietnam’s fast-developing print and packaging sectors.
US farm produce to Vietnam will rise with import tariff cut
A wide range of US agricultural products will soon enter the Vietnamese market at more competitive prices, following a significant reduction in import tariffs which took effect on March 31, 2025.
Vietnam debuts world's fastest CT scanner featuring highest slice count
VOV.VN - Tam Anh General Hospital System has launched the Somatom Force VB30, a cutting-edge CT scanner from Germany that boasts the highest slice count, the fastest scanning speed, and AI integration.
NA approves fuel environmental tax cut for another year
The National Assembly (NA) Standing Committee has issued a resolution on Vietnam’s environmental protection tax rates for petrol, oil, and lubricants in 2025, keeping in effect a tax cut introduced to support the economy post pandemic.
Fed’s foreseen rate cuts affect foreign exchange rate
The latest US Federal Reserve (Fed)’s announcement to make fewer interest rate cut next year immediately impacted the USD/VND exchange rate.
Hanoi hosts international precision engineering and manufacturing expo
VOV.VN - The latest technologies, products, and solutions in precision engineering and manufacturing industry have been put on display at the 10th International Precision Engineering and Manufacturing Reinvented Exhibition (MTA Hanoi 2024) which opened on October 2 in Hanoi.
Fed interest cuts ease pressure on Vietnam forex market
VOV.VN - The United States Federal Reserve’s recent decision to lower its benchmark interest rate by 0.5% is expected to ease pressure on the exchange rate between the US dollar and the Vietnamese Dong, and enable the State Bank of Vietnam (SBV) to flexibly adjust its monetary policy, according to analysts.
Two giant tunnel boring machines ready for Hanoi metro line drilling
VOV.VN - Two giant tunnel boring machines (TBM) imported from Germany will be used to drill the first metres of tunnel for the Nhon – Hanoi Railway Station metro line on July 30.
Finance ministry cuts fees to aid businesses, citizens from July 1
In a move to ease burdens and bolster economic activity, the Ministry of Finance has announced reductions in fees and charges for various services.
