The Vietnamese Government plans to reduce the cash payment proportion to less than 10 percent by 2020 and 8 percent by 2025, which can be done by expanding the network of automatic teller machines (ATMs) and points of sale (POS) nationwide.
Governor of the State Bank of Vietnam (SBV) Le Minh Hung has recently directed the entire banking industry to strictly control foreign currency lending to better minimise dollar speculation and fight against dollarisation in the economy.
Many Vietnamese airlines have sought permission for fare hike on the ground that the world prices of fuel, which accounts for a big proportion of airlines’ operating expenses, are rising.
Many Vietnamese airlines have sought permission for fare hike on the ground that the world prices of fuel, which accounts for a big proportion of airlines’ operating expenses, are rising.
The Vietnamese banking development strategy till 2025 with vision to 2030 has been approved by the Prime Minister under Decision No.986/QD-TTg.
The Vietnamese branch of Bangkok Bank has sought permission from the State Bank of Vietnam to increase lending growth cap after its lending expansion during the first half of 2018 neared the 15-percent annual limit.
Vietnam’s economy grew at a fast pace in the first half of 2018 compared to the previous years, but there are indications that it is losing momentum – a problem not only in the last half of the year but also in 2019 and 2020.
Thailand’s central bank plans to keep its interest rate unchanged again on August 8 to aid economic growth as inflation remains benign and policymakers say capital outflows are not currently a concern, according to Reuters.
Financial institutions and research organisations at home and abroad have shown their optimism about Vietnam’s economic growth in the second half of 2018 and the whole year.
Indonesia’s consumer consumption index (CPI) was in good control in July, according to the Bank Indonesia (BI)’s Executive Director for Communications Augusman.
Vietnam maintained its lead in the ASEAN Manufacturing Purchasing Managers’ Index (PMI) rankings, registering another solid improvement in its goods-producing sector in July, the latest survey from Nikkei’s IHS Markit revealed on August 1.
The Hanoi Stock Exchange (HNX) raised 2.3 trillion VND (over 98.7 million USD) at the latest auction of Government bonds (G-bonds) issued by the State Treasury on August 1.
Vietnam has recorded robust socio-economic development in the first seven months of the year, with stable macro-economy, and good control over inflation, in the context of the escalating US-China trade war, said Minister-Chairman of the Government’s Office Mai Tien Dung.
Driving forces for Vietnam’s economic growth need to be maintained not only in 2018, but also in the years to come, Prime Minister Nguyen Xuan Phuc said at the Government’s regular meeting on Aug. 1.
Vietnam’s socio-economic performance in July continued to see positive developments with equal growth in all the three sectors, namely macro economy, industrial production and services.
Prime Minister Nguyen Xuan Phuc has reiterated the Government’s resolve to control inflation, noting that although the consumer price index (CPI) in July fell slightly from the previous month, the pressure for inflation hike remains considerable.
The General Statistics Office reported that the CPI of Vietnam fell slightly by 0.09% in July. The figure represented a year-on-year increase of 4.46% and was up 2.13% against December 2017.
The consumer price index of Vietnam fell slightly by 0.09 percent in July, the General Statistics Office (GSO) announced on July 29.
