IMPORT-EXPORT VALUE REACHES US$65.98 BILLION IN AUG 2022
Vietnam’s total merchandise import and export value was US$65.98 billion in August 2022, up 7.9% or US$4.84 billion from the previous month, said the General Department of Vietnam Customs. Specifically, the export value was US$34.92 billion, up 14.1% or US$4.31 billion and the import value was US$31.06 billion, up 1.7% or US$526 million.
CUSTOMS RESOLVED TO IMPROVE ECONOMY CLIMATE INDICATORS
The General Department of Vietnam Customs (GDC) required its subordinates to adopt solutions to improve indicators related to the business environment to ensure effective implementation and achieve the goals as expected by the Government.
HONG KONG TO END MANDATORY QUARANTINE FOR OVERSEAS ARRIVALS WITH NEW ‘0+3’ SCHEME FROM SEPTEMBER 26
Arrivals will not require a pre-flight PCR test but will be screened upon arrival under a ‘test-and-go’ practice which will not require them to wait at the airport.
IMPORT-EXPORT VALUE REACHES US$65.98 BILLION IN AUG 2022
Vietnam’s total merchandise import and export value was US$65.98 billion in August 2022, up 7.9% or US$4.84 billion from the previous month, said the General Department of Vietnam Customs. Specifically, the export value was US$34.92 billion, up 14.1% or US$4.31 billion and the import value was US$31.06 billion, up 1.7% or US$526 million.
VIETNAM’S CENTRAL BANK HIKES INTEREST RATES AFTER FED MOVE
The refinancing rate – which the central bank applies to short-term loans for commercial banks – rises to 5% per year from 4% while the rediscount rate, applicable to valuable papers, inches up to 3.5% per year from 2.5%. The 4% refinancing rate and the 2.5% rediscount rate had been in force since October 2020.
EU KEEN TO CEMENT OBLIGATIONS IN EVFTA
Vietnam and the EU are increasing trade and investment ties backed by a bilateral free trade agreement, with the EU committing to assist in deployment of the deal despite current geopolitical tensions.
INJURY PREVENTION & ENHANCEMENT PERFORMANCE PROGRAM FOR GOLFERS
According to Dr. Marc Tafuro, learning and understanding the types of injuries as well as knowing how to prevent them will be very useful for golfers to proactively protect their health. Therefore, ACC clinic offers a comprehensive musculoskeletal & spine care program for golfers developed by the leading specialist doctors in Vietnam.
INTELLASIA FINANCE & BUSINESS NEWS - SEPTEMBER 23, 2022
1. Vietnam central bank to raise policy rates by 100 bps
2. Small and medium firms hardly access loans with preferential interest rates
3. Citi named Vietnam's Best Corporate Bank 2022 by Asiamoney
4. Economic freedom strongly tied to success: EuroCham
5. Boosting Business Support, Fostering Economic Recovery and Development
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