Zing top nhac viet nam

A customer pays for goods through a QR code. The issuance of digital currency could also help accelerate Viet Nam's digital economy development. — VNA/VNS Photo Viet Nam is playing catch-up in a global race to develop its own digital currency and experts believe this will not only help the country develop new technology but also present an opportunity for Viet Nam to join the most technologically-advanced countries. The Prime Minister last month endorsed the strategy for developing e-Government towards digital Government in the 2021-25 period. In Decision 942/QD-TTg issued on June 15, the State Bank of Viet Nam (SBV) is assigned to research the pilot use of 'virtual money' based on blockchain technology in the next three years. This is a remarkable change in the Government’s policymaking given the reality that Viet Nam has not yet recognised cryptocurrencies. So far, the central bank has repeatedly emphasised that owning and trading Bitcoin and other cryptocurrencies is risky … [Read more...] about Viet Nam joins global peers in developing digital money

In the past two years, CIMB Viet Nam has continuously increased its charter capital, showing its commitment to long-term development in the country. Photo courtesy of the bank The State Bank of Viet Nam on Thursday approved the chartered capital increase of the wholly foreign invested CIMB Viet Nam Bank from the current VND3.47 trillion (US$150.5 million) to VND3.69 trillion ($160.1 million). Accordingly, the central bank promulgated Decision No 1241/QD-NHNN amending the charter capital of the bank’s licence. In the past two years, CIMB Viet Nam has continuously increased its charter capital, showing its commitment to long-term development in the country. Thomson Fam Siew Kat, CEO of CIMB Viet Nam, said: “CIMB considers Viet Nam as one of the most dynamic finance and banking markets in Asia and also one of our priorities. The charter capital increase would help us expand our investment, focusing on providing Vietnamese customers with modern finance and banking products as … [Read more...] about CIMB Viet Nam approved to increase charter capital to US$160.1 million

The headquarters of the State Bank of Viet Nam. The Office of the US Trade Representative will not take any tariff action against Viet Nam. — VNA/VNS Photo Tran Viet The Office of the US Trade Representative (USTR) on Friday issued a formal determination in the Viet Nam Currency Section 301 investigation, under which the agency will not take any tariff action against Viet Nam. A statement by the USTR said the move reflects the agreement reached earlier this week between the US Department of the Treasury and the State Bank of Viet Nam (SBV). The determination finds that the agreement between the US Department of the Treasury and SBV provides a satisfactory resolution of the matter subject to investigation and that no trade action is warranted at this time. The USTR, in co-ordination with the US Department of the Treasury, will monitor Viet Nam’s implementation going forward, it said. US Trade Representative Katherine Tai commended Viet Nam for its commitment to addressing the … [Read more...] about US removes tariff threats against Viet Nam

Goods loaded at Cat Lai Port in HCM City. The Standard Chartered maintains its 7.3 per cent growth forecast for Viet Nam in 2022, continuing to expect a post-COVID-19 economic acceleration. — VNA/VNS Photo Thanh Vu Standard Chartered has lowered its growth forecast for Viet Nam for 2021 from 6.7 per cent to 6.5 per cent. The bank maintains its 7.3 per cent growth forecast for 2022, and continues to expect a post-COVID-19 economic acceleration. “We believe Viet Nam is moving towards its goal of becoming a regional supply-chain hub, a modern industrial economy and a high-income country in the future,” said Tim Leelahaphan, Economist for Thailand and Viet Nam, Standard Chartered. “Viet Nam managed the COVID-19 situation well in 2020, further enhancing its appeal to foreign investors. The country had already benefited from the ongoing supply-chain shift in recent years. In the near term, the country’s pandemic management will be crucial to the outlook,” he went on. Standard … [Read more...] about Standard Chartered revises forecast for Viet Nam down

In the first six months of 2021, Viet Nam's pepper exports were estimated at 155,000 tonnes, earning US$500 million. — Photo congthuong.vn Viet Nam is at risk of losing out on major pepper export markets due to increasing logistics costs, according to the Viet Nam Pepper Association (VPA). In the first six months of 2021, Viet Nam's pepper exports were estimated at 155,000 tonnes, earning US$500 million. The exports decreased by 7 per cent in volume year on year, though increased by 41 per cent in value due to higher export prices, VPA said. On top of the decrease in pepper output this year due to the COVID-19 pandemic, logistics costs are behind the decrease in pepper export volume. The logistics costs include two main parts – wharf fees (including loading and unloading of goods, as well as administrative procedures) and costs related to shipping containers by sea. The local enterprises said that the cost of shipping pepper from Viet Nam to key export markets such as the … [Read more...] about Viet Nam at risk of losing pepper export markets due to high freight costs

Garment products are made by workers of Ha Noi-based Maxport Ha Dinh Co. garment and textile products are among Viet Nam's key export staples to Laos. — VNA/VNS Photo Tran Viet Viet Nam and Laos continued to enjoy growth in import-export revenue in the first half of 2021 compared to the same period last year. According to the Vietnamese Trade Office in Laos, in the first half of 2021, two-way trade hit over US$671 million, up 36.5 per cent year on year, including Viet Nam’s exports of over $329 million, and imports of more than $341 million, respective rises of 19.1 per cent and 58.9 per cent. Compared to the first half of 2019 before the COVID-19 outbreak, two-way trade increased 16.6 per cent, with Viet Nam's import revenue rising 49 per cent and exports falling 5 per cent. In June 2021, two-way trade reached over $100 million, up 22.1 per cent from the same period last year and 18.1 per cent from June 2019. Viet Nam's key export staples included garment and textile … [Read more...] about Viet Nam, Laos enjoy growth in two-way trade in H1