Business news

Regarding variety of payment methods, only 27 per cent of all transactions are made via non-cash methods such as credit cards or mobile wallets. However, an increasing percentage of customers are showing a preference for these methods. Those who prefer to pay with a credit card is 51 per cent, up from 42 per cent in 2018, those who prefer a mobile app is 19 per cent, up from 11 per cent in 2018, and those who use membership points is 16 per cent, up from 10 per cent in 2018. … [Read more...] about BUSINESS NEWS OCTOBER 11

Trang also pointed out that with regard to the CPTPP, the country has faced an array of difficulties in taking full advantage of tariff incentives on garments and textiles as Vietnamese products must adhere to rules of origin whereby a certain ratio of materials from a product must originate from other CPTPP members. Currently, most of the nation’s supply sources of materials originate from China. … [Read more...] about BUSINESS NEWS OCTOBER 12

Experts said that SEEA is a framework that integrates economic and environmental data to provide a more comprehensive and multi-purpose view of the interrelationships between the economy and the environment, and the stocks and changes in stocks of environmental assets. SEEA provides criteria to build physical data on the environment, and link it with the monetary data in the System of National Account (SNA). … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

On behalf of the Political Bureau, Tran Quoc Vuong, Politburo member and permanent member of the Party Central Committee’s Secretariat read the Political Bureau’s acquirement and explanation report on ideas discussed by the Party Central Committee on the 12th Party Central Committee’s draft Political Report and the draft report on the 10-year implementation of the Platform on national construction during the transitional period to socialism (revised and supplemented in 2011). … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 13

At the end of the ceremony, deputy head of the Central Steering Committee for Disaster Prevention and Control Tran Quang Hoai introduced three activities, including the “Be va cac vi than” (Kids and Genies) programme, a contest on disaster prevention for members of the Ho Chi Minh Vanguard Children’s Union, and a ceremony to launch the first national press award on disaster prevention and control./. … [Read more...] about VIETNAM NEWS HEADLINES OCTOBER 13

Reducing dollarization, and the speculation and hoarding of foreign currencies helps the financial market work effectively. More importantly, the reduction in dollarization will ensure currency security for the Vietnam economy. “This is the government strategy to develop the banking sector by 2025 and 2030. Vietnam needs to stop lending in foreign currencies, for the short term in the immediate time, and then for medium and long term. There is a detailed roadmap for the implementation of the strategy,” said Dao Minh Tu, Deputy Governor of the State Bank. … [Read more...] about Vietnam central bank fighting against dollarization