High rates hurting businesses, hamper economic recovery

High rates hurting businesses, hamper economic recovery

High interest rates have been hurting the ability of businesses to recover and invest in ramping up production capacity, said industry insiders and economists.
Economy maintains recovery and growth momentum, revenue in 2022 exceeds VND1.8 million billion

Economy maintains recovery and growth momentum, revenue in 2022 exceeds VND1.8 million billion

VCN - The Ministry of Finance has just reported on the implementation of state budget collection and spending for 2022. Accordingly, State budget revenue in 2022 rose by 15% compared to 2021.
Fiscal policy affirms the pivotal role of the economy

Fiscal policy affirms the pivotal role of the economy

VCN - A significant contribution to the strong recovery of the economy in the first 10 months of 2022 is the effective implementation of fiscal policy. In particular, the pillar is supporting policies for people and businesses facing difficulties during t
Domestic tax collection achieves impressive results

Domestic tax collection achieves impressive results

VCN - The economic recovery and good growth have helped increase state budget revenue in the first eight months of the year.
CIEM: Economic growth in 2022 may reach 6.9%

CIEM: Economic growth in 2022 may reach 6.9%

VCN - According to a forecast of the Central Institute for Economic Management (CIEM), economic growth in 2022 could reach 6.7% in scenario 1, and 6.9% in scenario 2.
Vietnam

Vietnam's economy has a large openness, so it suffers from many intertwined impacts

VCN - According to Ms. Nguyen Thi Huong, Director General of the General Statistics Office, in the first six months of 2022, Vietnam's socio-economic development has achieved many positive results. Most industries and fields tended to recover and grow aga
Ba Ria - Vung Tau Customs supports businesses to recover after pandemic

Ba Ria - Vung Tau Customs supports businesses to recover after pandemic

VCN - A series of solutions to support businesses implemented by Ba Ria - Vung Tau Customs Department during and after the Covid-19 pandemic has brought positive effects, contributing to the province’s overall economic recovery.
Human resource development - The key to growth: Part 1: Finding human resources for production recovery after the pandemic

Human resource development - The key to growth: Part 1: Finding human resources for production recovery after the pandemic

VCN- In the context of global competition along with the impact of the Covid-19 pandemic, human resources are considered one of the important factors to revive the economy.
Economic difficulties may affect the financial sector ?

Economic difficulties may affect the financial sector ?

VCN - According to experts of the National Economics University, Vietnam's economy is facing many risks, so the Government’s policies should focus on how to recover and develop the economy in a sustainable way.
Greatly reforming the business environment is important

Greatly reforming the business environment is important

VCN - According to Dr. Nguyen Dinh Cung, former director of the Central Institute for Economic Management (Ministry of Planning and Investment), the Covid-19 pandemic has "slowed" reform efforts to improve the business environment. In order for the Covid-
Need for smooth coordination in improving the business environment

Need for smooth coordination in improving the business environment

VCN - The business environment is an important pillar of institutional reform to create the most favorable conditions for enterprises of all economic sectors to develop.
Recovery programme will support business and long-term national development

Recovery programme will support business and long-term national development

The VNĐ350,000 billion (US$15.42 billion) programme, the largest in history, aims to reboot and speed up the country’s economy after a long period of social and mobility restrictions due to the COVID-19 pandemic. nbsp;nbsp;nbsp;nbsp;nbsp;
Don

Don't miss the "economic recovery train"

VCN - In 2022, in addition to repelling the pandemic and promoting economic growth, Vietnam also faces the challenge of how to create a better impetus for economic recovery. Notably, the growth rate of 6-6.5% in 2022 is not only a high goal to strive for,
Flexible monetary policy - an effective "medicine" for recovery

Flexible monetary policy - an effective "medicine" for recovery

VCN - The economy in 2021 faced unprecedented difficulties due to the Covid-19 pandemic, along with inflation pressure, tightening monetary policies of many countries and the energy crisis. Vietnamese monetary policy had to take on many roles, both suppor
Support policies are “taking effect”

Support policies are “taking effect”

VCN – As another year of Covid-19 has passed, most enterprises are still negatively affected. However, supportive policies have been issued simultaneously and are gradually taking effect on enterprises, bringing expectations of recovery and development in
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