Urgent need to prevent illicit financial flow

Urgent need to prevent illicit financial flow

Recently, many questions are being raised about the various trading methods and use of capital flow in financial markets. This is due to an increase in illicit financial flow into Vietnam.
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).