State audit office of vietnam

Hanoi (VNS/VNA) - Vietnam’s foreign exchange reserve has hit a new record high of 92 billion USD, a significant expansion from 84 billion USD which Governor of the State Bank of Vietnam Le Minh Hung revealed in April. At a recent Government meeting, Prime Minister Nguyen Xuan Phuc said the country’s forex reserve was expected to hit 100 billion USD by the end of this year, five times higher than the level recorded at the beginning of his term. Statistics of the General Department of Customs showed that August saw a trade surplus of 2.5 billion USD and a surplus of 10.93 billion USD in the January-August period, providing a plentiful supply of foreign currencies which enabled the central bank to purchase foreign currencies from the beginning of this year. Financial expert Nguyen Tri Hieu said that high reserves would be an important buffer to help the economy withstand external shocks, which would contribute to stabilising the macroeconomy, strengthening foreign … [Read more...] about Vietnam’s forex reserve sets new record

The dollar was recently under pressure to depreciate against other currencies while August was the peak month of Vietnam’s exports, leading to stable supply and demand of the foreign currency in Vietnam, according to the SSI Securities Corporation. … [Read more...] about Vietnam’s forex reserves at all-time high of $92bn: gov’t

According to Director of the provincial Department of Planning and Investment Tran Van Hung, to provide effective support for businesses Quang Ninh has fostered public administrative reform and established multiple channels for dialogue between local administrations and companies. It has also prioritised allocating funding to the development of technical and social infrastructure, Hung said. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

Condotels have lost their attraction among investors due to tighter management restrictions, and farm stays have emerged as a new investment trend during the COVID-19 pandemic. However, experts have urged caution when investing in this model, given the risks of an incomplete legal framework and a potentially long wait for investors to make a return on the outlay. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 13

Sharing the idea, Governor of the State Bank of Vietnam Le Minh Hung said: “Over the past 20 years, Vietnam has been rated as an attractive destination by foreign investors thanks to many factors, including political, economic and social stability. Policies to facilitate foreign investment play a very important role.” … [Read more...] about Vietnam urged to improve infrastructure to attract more FDI