This woman has been standing in line at the cash counter for 20 minutes, and with lots of people in front of her, she is likely to stand much longer. The The supermarket has opened 60 counters but is still struggling to cope with the rush. … [Read more...] about Tet shopping frenzy at Hanoi supermarkets
And this is not to mention cases in which fertile land of farmers are bought at cheap prices and then sold to developers and businesses at much higher prices. In some cases, farming land has been revoked and left to degrade for projects that remain on paper. Such stories have caused much public outrage and cost so much time, effort and money of farmers who have been denied justice. … [Read more...] about On fertile agricultural land, Vietnam’s shooting itself in the foot
A reader nicknamed Ly Thong commented: "The price is same but the quality gap is too big. You don’t need to be a genius to know what movie ticket you should buy." … [Read more...] about Should Vietnam’s film industry be protected?
Currently, all of the VinFast vehicles are produced at the 335-hectare complex in Dinh Vu-Cat Hai Industrial Park, which is equipped with modern technology. The complex has a designed capacity of 250,000 cars, and 500,000 electric vehicles each year in the first phase. — VNS … [Read more...] about Over 67,000 orders for VinFast vehicles in 2019
The impact of global inflation on Vietnam’s economy may be unsubstantial. Since 2014, Vietnam’s inflation has been stable at under 4% per year, principally assisted by controlled credit growth and stable money supply (M2), at 15%-20%. Last year, credit growth was only 13%, which helped keep monetary inflation under control. The salary growth in 2020 is not high, which thus minimizes demand-pull inflation. However, the highest risk is projected to come from cost-push inflation. Pork price has risen sharply during the past three months, which boosted year-on-year (YoY) inflation by the end of December to 5.2%. According to Bao Viet Securities Company’s report, CPI YoY will be especially high (5%-5.5%) in the first half of the year before cooling down toward the end of the year. Generally speaking, CPI YoY by the end of 2020 will be around 3.2%-3.6% while the average CPI in 2020 may be more or less 4%. … [Read more...] about Not too many macro fluctuations expected for 2020