Vietnam

2022 - 12 - 27

Post cover — Image courtesy of "The Star Online"

Vietnam recycling fees to take effect in 2024 (The Star Online)

Vietnam's Natural Resources and Environment Ministry is developing a legal document to specify fees for recycling products and packages, which is expected ...

For the time being, the recycling of between 40% and 95% of urban waste is undertaken by the unofficial sector. The latter has different rates for different levels of difficulty to recycle. 8, the recycling of products and packages will be mandatory for those who import or produce batteries, tyres, lubricants and packaging as of Jan 1, 2024. Ho Chi Minh City takes the lead in this regard with a rate of 95%. As such, it was being developed in a way specific to Vietnam. He also said the document would not be identical to those of any other countries because different countries have different fees for the recycling of products and packages.

Vietnam 2022 GDP growth quickens to 8.02%, fastest since 1997 (Reuters)

Vietnam's gross domestic product grew 8.02% in 2022, the fastest pace annually since 1997, backed by strong domestic retail sales and exports.

Vietnam Pulls Off Asia's Fastest Growth as Economy Powers On (Bloomberg)

Vietnam's economy grew at the fastest pace in Asia this year, signaling momentum just before risks from a global slowdown began to materialize.

Gross domestic product rose 8.02% in the year to December, according to official data reported Thursday.

Vietnam remittances forecast to increase by 4.4% in 2022 (The Star Online)

The World Bank's report said due to the impact on the global economy and high inflation in 2022, remittances to low and middle-income countries in 2022 would ...

As a result, the volume of remittances is expected to be high. Banking experts said although there is a slight decline, growth is still expected in the peak season at the end of 2022. According to some commercial banks, they have put in place promotions and gifts for customers receiving deposits in order to increase the amount of remittances flowing to Vietnam on the occasion of the Lunar New Year. In 2021, the amount of remittances flowing to the city reached about US$6.5 to US$6.6bil (RM28.75bil to RM29.19bil), up 9% over the previous year, while for the whole country, the amount of remittances reached about US$12.5bil (RM55bil). The State Bank of Vietnam’s (SBV) branch in Ho Chi Minh City (HCM) said the amount of remittances flowing to the city in 2022 was forecast to reach about US$6.8bil (RM30bil), and added that although the growth rate of remittances to the city was lower than last year, it was still at a good level. According to the World Bank and Knomad, Vietnam will rank eighth in the world and third in the Asia-Pacific region in terms of remittances in 2021.

Vietnam's Economy in 2023: Navigating Domestic Challenges and ... (ISEAS-Yusof Ishak Institute)

Slowing global economic growth is becoming increasingly evident, putting pressures on the economic prospects of Vietnam.

He is also a member of the Board of Advisors of the Vietnam Wealth Advisers (VWA) and the Director of the Masters in Accounting and Finance Programme at the University of Bristol. His research has been published in reputable academic journals such as Journal of Banking and Finance, Journal of Business Finance & Accounting, Accounting and Business Research, British Accounting Review, Accounting and Finance, International Review of Financial Analysis, and Australian Economic Papers. The world enters 2023 with major geopolitical and economic uncertainties, including the raging war in Ukraine, intensifying tensions between the United States and China, and high inflation in most countries.

Vietnam Pulls Off Asia's Fastest Growth as Economy Powers On (Yahoo Finance)

(Bloomberg) -- Vietnam's economy grew at the fastest pace in Asia this year, signaling momentum just before risks from a global slowdown began to ...

Vietnam PM seeks action plan to curb illegal fishing (The Star Online)

HANOI (Vietnam News/Asia News Network): Prime Minister Phạm Minh Chính has asked the Ministry of Agriculture and Rural Development (MARD) to build a 180-day ...

The Ministry of Information and Communications was assigned to made known Vietnam's efforts against IUU fishing, while the Ministry of Planning and Investment was requested to allocate resources to ministries, sectors and localities to upgrade their fishing infrastructure, ports and boat shelters to support fishermen. Along with improving the awareness of fishermen in preventing IUU fishing, ministries, sectors and localities must strictly implement the fisheries law, while adjusting and supplementing relevant regulations in a timely manner, the PM stressed. MARD, the Standing Board of the National Steering Committee on IUU Prevention and Control, was also ordered to deploy inter-sectoral inspection teams to coastal localities to examine the implementation of regulations against IUU fishing and give guidelines to settle problems, according to a Government Office’s notice based on the conclusions of PM Chính at a recent conference on IUU fishing.

Vietnam's economy grows 8.02 pct in 2022 (Xinhua)

HANOI, Dec. 29 (Xinhua) -- Vietnam posted a gross domestic product (GDP) growth of 8.02 percent in 2022, much higher than the rate of 2.56 percent in 2021, ...

British multinational investment bank HSBC has recently raised Vietnam's growth forecast from 7.6 percent to 8.1 percent this year but revised down the forecast for next year to 5.8 percent from 6 percent, citing the fading effects of reopening and more vivid impacts of high inflation. In the fourth quarter alone, the country's economy expanded 5.92 percent year-on-year, higher than that of the same periods in 2020 and 2021 but lower than that in the 2011-2019 period. 29 (Xinhua) -- Vietnam posted a gross domestic product (GDP) growth of 8.02 percent in 2022, much higher than the rate of 2.56 percent in 2021, the country's General Statistics Office said on Thursday.

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