Trade deal deal

“Many experts forecast that the demand for footwear products in the US would increase post COVID-19. It was the reason that Vietnamese footwear producers should focus on trade promotion to the market,” said Vũ Bá Phú, Vietrade’s director. … [Read more...] about Việt Nam, US promote footwear trade post-pandemic

“Vietnamese policymakers should take it really seriously in this regard since finance is a sensitive sector. The new approach, though a bit cautious, is appropriate,” explained Nguyen Thi Thu Trang, director of the WTO Centre at the Vietnam Chamber of Commerce and Industry. The new move is slated to bring more consolidation in the banking sector, though it has also raised concerns of valuations and conflicts arising along the way. Some experts believe that private lenders such as Techcombank, ACB, HDBank, VIB, or VPBank, could be the most promising candidates. However, each has its own praiseworthy aspects and shortcomings. … [Read more...] about Upcoming EVFTA to fortify lenders

Both PMs underlined the importance of maintaining peace, stability, freedom, and security of navigation and aviation in the East Sea. They agreed on joint efforts to maintain ASEAN’s solidarity and common views and boost negotiations for a Code of Conduct in the East Sea in line with international law and the 1982 UN Convention on the Law of the Sea. — VNS … [Read more...] about Việt Nam, Singapore agree to boost cooperation and trade

In the list of 154 models subject to registration fee adjustment under Decision No.452/QD-BTC effective from April 3 on adjusting registration fees for automobiles and motorbikes, registration fees for passenger cars or cars with less than nine seats were 12 per cent in eight provinces and cities (Hanoi, Quang Ninh, Haiphong, Lao Cai, Cao Bang, Lang Son, Son La, and Can Tho), while it is 11 per cent in Ha Tinh and 10 per cent in Ho Chi Minh City, Danang, and other cities. The charge is now 7.2 per cent for a pickup truck in the first group of cities/provinces, 6.6 per cent in Ha Tinh, and 6 per cent in other cities. … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

Tai Hui, head of the Standard Chartered Bank’s Asian research department, says that there are two factors that put pressure on the devaluation of the VND. First, the increase in the price of gold makes local investors pay more attention to gold than the Vietnamese currency. Second, the trade deficit may reach more than US$2 billion a month. Although this level is lower than in the first half of 2008 (about US$2.5-3 billion), it has raised great concern about the balance of payment, especially when FDI and overseas remittances are forecast to increase slightly. … [Read more...] about Increase basic interest rate – a good therapy for national economy