Sectors economy

Because of the recent rise in the value of the US dollar and gold prices, the increase of the basic interest rate is significant for improving the value of domestic currency and limiting the rise of exchange rates, which can negatively impact the macro economy. As foreign currency earners such as exports or overseas remittances show little signs of improving compared to 2008, controlling the supply of Vietnamese cash by higher interest rates is a tool to ensure a stable exchange rate. … [Read more...] about Increase basic interest rate – a good therapy for national economy

The festival aims to promote the city's tangible and intangible cultural values, tourism destinations and beautiful beaches. It is also expected to connect and help local businesses to introduce their products and services, boost investment in tourism infrastructure and strengthen tourism co-operation between the city and other localities in Việt Nam. … [Read more...] about Đà Nẵng kickstarts economy after COVID-19 pandemic

Capacity targets for the wind sector is expected to increase to 6GW by 2025 and 10GW by 2030, from the existing targets of 2GW and 6GW respectively. The government is also looking to introduce a new Direct Power Purchase Agreement (DPPA), where renewable energy producers can sell and deliver electricity directly to corporate customers. … [Read more...] about Vietnam wind power sector to see growing opportunities: Fitch Solutions

The GSO said the total import and export turnover during the reviewed period dropped by 2.8% to US$196.84 billion in comparison to the same period from last year. Elsewhere the five-month period saw the export turnover of goods in the domestic sector enjoy an increase of 10.4% to US$33.3 billion, while the foreign invested sector grossed approximately US$66.06 billion, representing a decline of 6.9% on-year and accounting for 66.5% of the total export turnover figure. … [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