Lao Prime Minister Thongloun Sisoulith outlined six targets under the country’s Ninth Socio-economic Development Plan for 2021-2025 when addressing the ongoing 11th National Congress of the Lao People's Revolutionary Party (LPRP) in Vientiane on January 13, according to the Vientiane Times.
HCMC saw overseas remittances rise by 6 percent year-on-year to 4.2 billion USD in the first nine months of this year, despite the economic fallout of the COVID-19 outbreak.
There have been signs of reduction in the habit of using cash among people, but the switching to cashless paymentsremains slow, according to the State Bank of Vietnam (SBV).
Firms with US dollar-denominated debts estimate to regain significantly in the second quarter of this year as the US dollar has devalued against the Vietnamese dong in the period after reporting a surge in the first quarter.
The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has been named 2020 Best Solutions Provider for Small and Medium-sized Enterprises (SMEs) by prestigious magazine The Asian Banker.
The 400-year-old city of Hoi An in central Vietnam has jumped four places to the 7th position on this year’s list of 10 cheapest destinations for the British.
The 400-year-old town Hoi An in central Vietnam has jumped four places to seventh position on this year’s list of 10 cheapest destinations for the Brits.
Laos and China have agreed to facilitate the direct exchange of the Lao kip (LAK) and the Chinese yuan (CNY) instead of having to making conversions through other currencies previously.
The Philippines has agreed to join the local currency settlement (LCS) framework which Indonesia, Thailand and Malaysia have operated over the past two years, in an effort to expand intra-ASEAN trade and investment as well as strengthen the regional economic integration.
Unsettled cases of Vietnamese tourists fleeing their group have shown that management agencies have failed in paying attention to and applying measures to control outbound tourism activities.
The State Bank of Vietnam has drafted a regulation which would create favourable conditions for foreign investors to join in the process of State-owned enterprises’ (SOEs) privatisation and capital divestment.
Experts forecast that the Vietnamese economy will grow by more than 6.8 percent in the last half of this year at the Forbes Vietnam Business Forum 2018 held in Ho Chi Minh City on July 26.
Up to 57 percent of surveyed small- and medium-sized enterprises (SMEs) in Vietnam believe they will continue to enjoy growing export, according to a research recently conducted by market research company Harris Interactive on behalf of FedEx Express.
Growth in the ASEAN-5 group of economies is expected to stabilise at around 5.3 percent this year as domestic demand remains healthy and exports continue to recover.
The Hanoi People’s Court on April 18 sentenced five Colombian nationals to between seven and 13 years imprisonment on charges of “property theft” in accordance with Article 138 of the Penal Code.
World
