Economics News - VCCI - Vietnam Chamber of Commerce and Industry

VCCI Ecoinomics news

Different forecasts made for policy interest rates in the rest of 2023

According to some experts, although rising pressure on the foreign exchange rate and inflation are the main factors affecting the SBV's ability to continue lowering the policy rates in the remaining months of this year, the SBV can still cut the rate further as its current priority is to lower interest rates to promote credit growth and support economic growth.

Fri, Sep 22, 2023, 15:57:00

EC pledges support for Việt Nam in developing sustainable fisheries

EC Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevičius made the remarks at a meeting with Vietnamese Minister of Agriculture and Rural Development Le Minh Hoan in Brussels on September 18.

Fri, Sep 22, 2023, 15:57:00

Population database key to improving banking security

Allowing banks access to Việt Nam's population database has set the foundation for the banking sector to expand and provide digital services to more customers, as well as improve security, prevent frauds and identity theft, according to the State Bank of Vietnam's (SBV) deputy governor Phạm Tiến Dũng.

Fri, Sep 22, 2023, 15:56:00

Will the USD continue to undermine the Euro and the Pound?

With data seemingly dictating an end to rate hikes from the ECB and BoE, it seems reasonable to assume that both the euro and the pound will weaken significantly.

Fri, Sep 22, 2023, 15:56:00

Green goals can be achieved with collective focus

The Asian Development Bank and GreenYellow Smart Solutions Vietnam last week inked a $13.8 million loan agreement for rooftop photovoltaic solar systems. Sébastien Prioux, CEO of GreenYellow Vietnam and Cambodia, talked to VIR’s Nguyen Thu about the company’s goals in the Vietnamese market and what it expects from upcoming policy.

Fri, Sep 22, 2023, 15:36:00

The key factors to take into account for switch to LNG

Liquefied natural gas is regarded as a bridge from coal and will see more support in coming years. Lam Nguyen Hoang Thao, senior associate at law firm Russin & Vecchi, talked to VIR’s Nguyen Thu about the coal-to-gas trend, and its benefits and challenges in Vietnam.

Fri, Sep 22, 2023, 15:36:00

EPR promotes the recycling of automobiles and motorbikes

A car or motorbike that is expired or cannot be used can be demolished to reuse and recycle its parts to create resource circulation, unlocking the vehicle recycling industry worth billions of dollars. With this, extended producer responsibility (EPR) policy is a tool to promote this industry.

Fri, Sep 22, 2023, 15:36:00