EVN Electricity Price

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    Vietnam Industry and Trade News Bulletin for January 18,2016

    ByVN Industry and Trade Bulletin

    A. OUTSTANDING GENERAL ECONOMIC NEWS 1. Banking and Finance • ATM Overload Solutions: To prevent ATM congestion during the Lunar New Year, banks are proactively delivering cash directly to factories to pay workers. • Interest and Exchange Rates: Deposit interest rates increased slightly (0.1–0.5%) for seasonal liquidity, but lending rates remained stable (6–9% for short-term). Exchange rates are forecasted to rise by 3–4%, while inflation expectations are at 6–7%. • Strict Credit Control: The State…

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    Vietnam Industry and Trade News Bulletin for January 12, 2016

    ByVN Industry and Trade Bulletin

    A. GENERAL ECONOMIC HIGHLIGHTS 1. The Economist Disagrees with Bloomberg: Vietnam to Grow Slower than Laos and Cambodia While Bloomberg previously forecast Vietnam to have the 2nd fastest growth in the world in 2016, a new report by The Economist Intelligence Unit (EIU) places Vietnam 9th. EIU forecasts Vietnam’s GDP growth at approximately 7% (aligning with the National Assembly’s 6.7% target) . Notably, EIU predicts Vietnam will lag behind regional neighbors: Laos (nearly 8%, ranked…