2 sector economy

The Standard Chartered Bank reports that the increase in the basic interest rate is a good signal for the VND, but there are still some negative movements in the monetary flow. The balance of payment in the short term may continue to put pressure on the exchange rate between the VND and USD as the foreign direct investment (FDI) inflows are on the decline. Moreover, overseas remittance cannot help settle the country’s trade deficit. … [Read more...] about Increase basic interest rate – a good therapy for national economy

The city’s top leader called for drastic measures to create new opportunities and motivation for the city’s growth. Five key areas were identified to attract domestic and foreign investment: to resume and speed up production, trade and exports; to stimulate tourism and domestic consumption; to promote public investment, and to address difficulties for major projects that had been delayed for years. … [Read more...] about Đà Nẵng kickstarts economy after COVID-19 pandemic

Fitch Solution expected that the more amenable approach the government is taking to the wind sector when compared to the solar sector is because growth to date has been at a more manageable pace for the system to cope with, given that the development or wind projects are typically longer and more complicated. … [Read more...] about Vietnam wind power sector to see growing opportunities: Fitch Solutions

With regard to the export commodity market, the United States remained as Vietnam’s largest export market during the five-month period, with turnover enjoying an annual surge of 8.2% to US$24.6 billion, followed by China with US$16.3 billion, representing an increase of 20.1%. … [Read more...] about Nation racks up US$1.9 billion trade surplus over five-month period

Volkswagen said it was 'paving the way for more electric models and infrastructure'. (Photo: AFP/Ronny Hartmann) The German car giant said it will take a 50 per cent stake in JAG - the parent company of state-owned JAC Motors - and increase its holding in the JAC Volkswagen joint venture from 50 per cent to 75 per cent for around 1 billion euros. … [Read more...] about Volkswagen invests US$2.2b in Chinese electric vehicle sector