Vietnam’s coffee exports in the third quarter of this year will slow down because supply is no longer abundant, according to the Agency of Foreign Trade under the Ministry of Industry and Trade.
According to a survey by the Vietnam Chamber of Commerce and Industry (VCCI), 92% of Vietnamese businesses have expressed interest in or have implemented digital transformation initiatives in their operations; and 98% anticipated that digital transformation would bring about changes in their businesses such as reducing costs, minimizing physical contacts and enhancing product and service quality.
The Viet Nam Trade Office in Canada coordinated with the Canada-ASEAN Business Council and the Institute of Researching New Challenges in Economic Globalization (NEME) of Laval University to organize a seminar to evaluate investment potential in Viet Nam and the Association of Southeast Asian Nations (ASEAN) region.
Viet Nam ranks fifth among the top 10 cheapest countries to charge an electric vehicle (EV), according to the latest study conducted by Australia-based aggregator-Compare the Market.
Việt Nam is the 13th largest tuna supplier in the UK market.
The Asian Development Bank (ADB) and GreenYellow Smart Solutions Viet Nam Co., Ltd. (Green Yellow) have signed a loan agreement of up to US$13.8 million for rooftop photovoltaic (PV) solar systems in order to raise the supply of clean and affordable energy for commercial and industrial consumers based in Viet Nam.
The HSBC Global Connections survey found that Viet Nam’s economic resilience and competitive wages rank foremost in attracting international firms.
The banking industry is one of the pioneers in people-centric digital transformation. In the digital era, ensuring the security and safety of electronic payments is always a vital matter.
In September 2018, Fitch Ratings released a report highlighting that the Vietnamese banking system might lack about US$20 billion of capital to meet Basel II standards. However, a majority of commercial banks in Vietnam have now passed the requirement.
According to statistics, credit growth in Vietnam has only shown signs of renewed growth since June. By the end of July, credit growth was just 4.6%, down by about half from the same period of 2022 (expanding 9.54%). This indicates that capital absorption is weak.
The latest Visa Consumer Payment Attitudes Study highlights how Vietnamese consumers have embraced forms of digital banking and digital retailing in the post-pandemic era, as well as key digital trends moving forward. It shows that Vietnamese consumers are highly aware of digital trends and are actively embracing those that are readily available.
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