Saturday, 21 Sep 2019, 16:16
As of end 2018, the inter-bank electronic payment system processed 137.6 million transactions worth VND73,000 trillion (US$3.13 trillion), 13 times the country’s GDP.
Saturday, 21 Sep 2019, 14:09
Technologies used in the processing sector is at a modest level compared to regional peers and the world, many of which have not been upgraded in 15 years, said an expert.
Saturday, 21 Sep 2019, 09:48
Vietnam’s economy is expected to grow at 6.6% in 2019 after strong growth of 7.1% in 2018 with inflation contained below the authorities’ target of 4%.
Friday, 20 Sep 2019, 16:44
Only 21% of Vietnamese enterprises join foreign supply chains, much lower than the rate of 30% of Thailand or 46% of Malaysia, not to mention the poor localization rate of 33%.
Friday, 20 Sep 2019, 10:52
Alliex plans to invest over US$700 million in the next five years to install 600,000 devices for payment via cards in Vietnam’s market.
Friday, 20 Sep 2019, 10:10
Vietnam is striving to improve its stock market’s status and implementing measures to attract portfolio investment, and allowing FDI firms to list would help the country achieve this goal.
Thursday, 19 Sep 2019, 19:58
In the first eight months of 2019, Vietnam’s total trade value reached US$340 billion, up 8.9% year-on-year, leading to a trade surplus of US$5.2 billion during the period.
Thursday, 19 Sep 2019, 17:50
Stronger relations between the Vietnamese and European business communities are vital to unlock the full potential of the EU – Vietnam Free Trade Agreement, helping Vietnam join the 15 most advanced countries in agriculture by 2030.
Thursday, 19 Sep 2019, 15:56
Vietnam could not achieve its development targets without continuous efforts in changing the old mindset, pursuing innovation and policies reform, said Nguyen Chi Dung, minister of Planning and Investment.
Thursday, 19 Sep 2019, 11:02
Both sides tried to close gap on differences but failed to reach a mutual agreement in the end.
Wednesday, 18 Sep 2019, 17:07
Vietnam's aviation market is regarded as one of the most thriving in the world over the past decade with the average turnover growth of 17.4%, twice the rate of 7.9% througout Asia, according to the International Air Transport Association (IATA).
Wednesday, 18 Sep 2019, 15:38
State-owned enterprises and agriculture, which once monopolized the economy, are losing prominence as the nation works to achieve sustainable development through more open trade and industry.
Wednesday, 18 Sep 2019, 11:00
If Vietnam isn’t able to fast-track progress in closing its infrastructure gap, it risks losing its “mini-China” status.
Wednesday, 18 Sep 2019, 09:36
This modest growth was mainly on the back of the 3.2% expansion of the government bond market to US$48.0 billion, due to issuance of treasury bonds and central bank bills.
Tuesday, 17 Sep 2019, 20:42
The global economy has transitioned to a knowledge economy, so the issue would be whether Vietnam is prepared to take risks for developing and applying new technologies, particularly new business models and innovation.
Tuesday, 17 Sep 2019, 11:01
The State Bank of Vietnam, the country’s central bank, would continue to closely monitoring the macro-economic conditions and managing the monetary policy in a flexible manner, aiming to support economic growth.
Monday, 16 Sep 2019, 20:54
In the 2021 – 2025 period, Vietnam targets to have at least 2,000 kilometers of expressway and by 2025, the figure would be 4,000 kilometers stretching from northern province of Lang Son to the southernmost province of Ca Mau.
Monday, 16 Sep 2019, 17:15
The tax environment has been affected by trade wars, political instability, the world economy’s volatility and rapid technology advancement.