Start your new week with our Weekly News Bulletin, which includes the latest financial and business articles on macro-economics, investment, banking, and finance. Our summary of latest news and headlines keeps enterprises catch up with the most important facts and figures, assisting their operation in Vietnam.
Weekly News Bulletin - No. 04, September 2022
The Asian Development Bank maintains its 6.5% growth forecast for Vietnam this year despite an expected slowdown in Asia due to global geopolitical tensions.
The Ministry of Finance (MoF) is drafting a proposal to reduce fees by 20 to 50% for four transport types to help the sector recover. Specifically, the MoF proposed reducing tonnage fees for ships and boats involved in domestic maritime activities, maritime security fees and fees for entering and leaving seaports by 20% each. For airlines, it proposed a 20% reduction in the charge for assessment and issuance of certificates, permits and certificates in civil aviation activities.
The first half of this year saw a swift economic rebound as Vietnam’s pandemic restrictions eased following the adoption of a living-with-COVID strategy and a robust vaccination drive, according to an official article published by the International Monetary Fund (IMF).
Digital transformation has been essential for the tourism sector in the post-COVID-19 period by optimising operations, cutting expenses, improving efficiency, and attracting more visitors. This new trend also means business efficiency, Chairman of the Vietnam Tourism Association Vu The Binh said, noting that as travellers switch to booking services online and companies do not act accordingly, they will be missing out.
The Ministry of Finance forecasts that the average CPI in 2022 will increase in the range of 3.37 - 3.87%. In general, prices of many strategic raw materials and supplies will still be under great pressure from the uneven and unsustainable recovery of the world economy.