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There are many reasons behind the stabilization of the exchange rate, said a representative of a HCMC major commercial bank, adding that among them is the fact that the hoarding of U.S. dollars has been subdued as other investment options such as gold and securities have become more attractive and the 2020 inflation rate was predicted to stay at just 3.5-3.8%. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 8

It will take growth quality as the foundation to shift to exports of services and intangible goods such as software and digital content, encourage links between the country's various regions to increase exports to markets with which Viet Nam has free trade agreements, improve the competitiveness of export items by capitalising on the city’s comparative advantages, join global value chains, and increase links between businesses. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 9

Furthermore, Chinese demand for cassava starch through the towns of Lang Son and Mong Cai in the northern province of Quang Ninh witnessed a sharp increase following the end of June. Indeed, the price of cassava starch exports remained high at US$390 per tonne due to the rise in price of input materials coupled with a low inventory due to the end of the crop. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 10

The pace of recovery in Indonesia is expected to be slow and household income will be squeezed. GDP is expected to contract 2.7 percent in 2020 before a 6.2 percent expansion in 2021. The Philippines is set to record the largest contraction in Southeast Asia, with its GDP falling 8.2 percent in 2020, because of its dependence on international tourism and a slow exit from lockdown. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 11

According to Director of Hanoi Tax Department Mai Son, budget collection in the first eight months of the year, excluding the rescheduled taxes and land use fees, amounted to more than 147 trillion VND (6.34 billion USD), accounting for 56.5 percent of the estimate and 89.4 percent of the same time last year. However, disbursement of public investment capital lagged behind progress as it only made up of 45.41 percent of the yearly plan. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES SEPTEMBER 12