The level of dollarization of an economy is based on the ratio of foreign currency deposits to total money supply (M2), or total deposits; and the ratio of outstanding foreign currency loans to M2, or total outstanding loans.

CBU (complete built unit) imports from Thailand account for more than 50 percent of total car imports and turnover in the first eight months of the year, according to the General Department of Customs (GDC).

Prices of Grade A office space rise due to low supply

With declining interest rates and loosened monetary policy, investors expected that the Vietnam’s stock market will prosper in the last quarter of this year and prolong to the first quarter of next year.

Vietnam is expected to attract more investors as its economy is developing at a stable rate, with GDP growth of 7 percent.

The foreign direct investment (FDI) flow to Vietnam in the first eight months of the year did not increase as expected, but instead fell sharply.

Since 2017, Vietnam has had an attractive feed-in tariff (FiT) rate of 9.35 US cents per kilowatt hour for grid-connected solar projects.

With its vast potential of e-commerce development thanks to surging IT and wide smartphone coverage, Vietnam is trying to build its own digital economy fuelled by a hallmark strategy on Industry 4.0.

Smart city building must place people at the core

Vietnam is predicted to obtain the highest GDP growth rate in the region, but it is exposed to risks from the effects of global economic tensions.

BEST Inc. - China's leading provider of logistics and smart supply chain solutions - inaugurated its courier service in Ho Chi Minh City on October 11.

Vietnam is seen as an increasingly attractive investment destination for many South Korean firms, supported by the country’s growing demand for high-tech products and the government’s incentives applied for the industries.

Labor force quality is still a main obstacle for Vietnam to overcome.

The solar power boom in Vietnam is bringing benefits for Chinese suppliers and contractors in engineering, procurement, and construction participating in the value chain, but are urged to be cautious in choosing suitable and reliable partners.

Domestic enterprises are embracing robotics and advanced technologies in their production lines to boost smart manufacturing activities, but there is a long road ahead for those wishing to keep up with the Fourth Industrial Revolution. 

The State Bank of Vietnam’s latest move to reduce interest rates comes after other central banks around the globe have started easing to combat spreading weaknesses, but experts are warning that such decisions may not yield the desired effects.

Vietnam needs to remain cautious over trading with the US as with the risk of being named as currency manipulator by the latter has not faded away, according to economist Le Dang Doanh. 

Forever 21’s filing for bankruptcy is pointing at deep industry-wide issues that all fashion retailers face. 

The agency will unlikely upgrade the ratings of the 17 banks, because their ratings are on review for downgrade.

Personal deposits saw the first decline of VND14 trillion (US$603.08 million) in July, after growing in six consecutive months.