World Bank a highly important development partner of Vietnam: PM

World Bank a highly important development partner of Vietnam: PM

Prime Minister Pham Minh Chinh received World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro in Hanoi on March 21, affirming that the Vietnamese Government always views the WB as a good friend and a highly important development partner.
WB forecasts Vietnam’s growth at 5.5 percent in 2022

WB forecasts Vietnam’s growth at 5.5 percent in 2022


The World Bank (WB) has forecast that Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5 percent from 2.6 percent in the year just ended.
Illustrative photo (Source: Saigon Investment)

Current inflation triggered by price not currency

Rising commodity prices due to hike in imports and an easing of monetary policy has put pressure on the domestic market, as well as government efforts to control prices this year.
Product demo at a Vietnam-based company founded by overseas Vietnamese

Expert proposes to best capitalize on annual inflow of remittances to Vietnam

Remittances played a significant role in keeping Vietnam’s pandemic-hit economy afloat, and the Government should best capitalize on this annual inflow for national gain, according to Peter Hong, Vice Standing President and Secretary General of the Business Association of Overseas Vietnamese (BAOOV).
Five-month overseas remittances to HCMC touch US$2.3 billion

Five-month overseas remittances to HCMC touch US$2.3 billion

The State Bank of Vietnam – Ho Chi Minh City Branch said that by the beginning of June this year, overseas remittances transferred to the city reached US$2.3 billion, a decrease of 1.9 percent over the same period last year.
Vietnam’s business environment strongly improves

Vietnam’s business environment strongly improves

Last year, Vietnam recorded many positive results in business environment improvement. However, in the context of the global and regional reforms, these results were quite modest, especially, competitiveness 4.0 of Vietnam still ranked sixth among countries in the ASEAN.