The US Treasury has removed Vietnam and Switzerland from the list of countries labeled as currency manipulators, reversing a decision of the administration under President Trump last December.
VOV.VN - Vietnam’s rice exports recorded a sharp increase in the first half of March in comparison to the previous period from last year, with Thailand emerging as a key market, according to the Ministry of Industry and Trade (MoIT).
VOV.VN - Moody’s Investors Service raised its outlook for Vietnam to positive from negative and affirmed the country’s long-term credit rating at Ba3, citing fiscal consolidation and an improving economy.
Cryptocurrencies are booming in Vietnam as investors consider them promising investments while Government agencies and experts warn of their risks.
VOV.VN - Minister of Natural Resources and Environment Tran Hong Ha on January 27 emphasised the importance of a circular economy while Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong noted the need to stay persistent in the target of keeping inflation under control and maintaining macro-economic stability.
Traditional investment channels such as stock or real estate markets are set to continue to be the focus for investors in 2021.
Despite a decline in state budget revenue, remittances, and foreign direct investment, Vietnam is expected to see positive growth with a surplus in current account this year thanks to a rise in export turnover and foreign currency reserves.
VOV.VN - For many domestic firms, in addition to searching for markets and customers through traditional channels, e-commerce is being increasingly viewed as a support channel that helps them to gain more opportunities to reach out to new buyers and reduce costs in transactions.
The US Treasury Department’s labelling of Vietnam as a currency manipulator is groundless and certainly significantly affects the psychology of the Vietnamese business community, especially those operating in the import and export field, according to Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI).
Credit rating agency Moody's recently announced its rating upgrade on Agribank's long-term foreign-currency deposit rating from B1 to Ba3.