“The exchange rate between the U.S. dollar and the dong moved within a narrow range, at VND23,175-23,430, and if compared to the end of 2018, the dong slightly picked up some 0.1% against the greenback. This was the most peaceful year of the U.S. dollar-dong exchange rate during the 2015-2019 period and was the second year in which the local currency appreciated against the U.S. dollar (after 2017),” said Thuy. … [Read more...] about Peacetime in sight for the dong
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The Grand Manhattan project is a luxurious apartment project located in District 1 of Ho Chi Minh City. It is themed after New York’s Manhattan city, and will definitely become one of the city’s most high-end apartments offering nearby infrastructure and commercial facilities. … [Read more...] about Lotte E&C creates high-end hallmark
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?
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
Digital transformation is creating new development spaces – digital economy, digital society and e-government – based on rapid expansion of digital technologies such as artificial intelligence, Big Data, machine learning, deep learning, block chain, cloud computing and the Internet of Things. This process opens up a great opportunity for Vietnam to make breakthrough developments, quickly catching up with developed countries which have already started the transformation. The Vietnamese Government was pushing this process and digital enterprises – which adopt, transfer, study and develop products, platforms and solutions based on digital technology – would play a key role in the transformation process, the directive said. It asked Vietnamese digital firms to take the lead and create a breakthrough in the implementation of the “Made in Vietnam” strategy – an important policy which encourages Vietnamese enterprises to make … [Read more...] about PM signs directive to promote digital enterprises