At a recent symposium on measures to boost the development of Vietnam’s mechanic sectors, Prime Minister Nguyen Xuan Phuc stressed that the Government will establish a market for mechanic firms to develop, including facilitating the sector to seek for domestic and overseas markets for the country’s oil and gas engineering sector’s products.
By now, the PVN has built a modern oil and gas manufacturing industry able to effectively meet the needs for exploration and exploitation in replacement of the products it previously had to import.
Vietnam’s foreign reserves has increased by 130 percent to nearly 64 billion USD in the past two-and-a-half years, Prime Minister Nguyen Xuan Phuc has said.
The State Bank of Vietnam (SBV) has continuously bought in hard currencies in the past few months, raising the country’s foreign reserves to a record high of 63 billion USD.
The State Bank of Vietnam (SBV) continues to build up its foreign exchange reserves to cushion external shocks, raising the fund to a new record high of more than 57 billion USD till February 6.
Vietnam’s foreign currency reserves hit approximate 48 billion USD thanks to the country’s stable macroeconomic conditions and strong influx of exports, FDI and remittance.
The Vietnam Bank for Social Policies has helped 109,462 labourers from families of disadvantaged conditions and beneficiary policies and in disadvantaged localities go to work abroad.
Singapore on January 28 loosened the monetary policy in a surprise
move as falling oil prices impact inflation and the central bank looks
to boost the economic growth.
Natural minerals will be protected, managed, exploited, and used in a
reasonable, economical, and efficient manner to serve the country’s
short and long-term socio-economic sustainable development, national
defence and security, and environmental protection.
Economists called the State Bank of Vietnam ’s decision to devalue
the Vietnamese dong by 9.3 percent to 20,693 VND for a US dollar at the
inter-Bank transactions as right and necessary to make the rate closer
to the market value.
Ranking first among ASEAN countries and
fifth in the world in tea production and export volume, Vietnam is
courting investors in the burgeoning industry.
Business
