Firms warned on int’l payment risks Business

Firms warned on int’l payment risks

Vietnamese firms should study their trade partners carefully, choose suitable payment methods and buy exchange rate insurance to avoid risks when making international payment, a seminar heard in HCM City on December 5.

Credibility critical for Vietnam’s economic future

Vietnam's economy has been stable for the first half of the year with a GDP growth rate of 5.18 percent and inflation at 1.38 percent. As there remain difficulties in the year ahead, it is important to continue to confidence-building measures in Vietnam's economy. Dr Vo Tri Thanh, Deputy Director of the Central Institute for Economic Management talks about the issue.

RoK paper: Vietnam enters phase of recovery

Vietnam’s economic policy appears to be bringing about a recovery in growth, said The Korea Herald, one of the largest English-language newspapers of the Republic of Korea, in its July 17 edition.

China welcomes G20 handling of global economy

China affirmed its advocacy for the Group of 20 to play a greater role in governing the global economy, when the group’s financial ministers and central bank officials met in Nanjing, Jiangsu, China, on March 31.

Foreign banks boost retail services

Foreign banks are racing to expand retail services by launching more services and subsidiaries as Vietnam approaches the time for opening the door to all banking services.