Foreign and domestic companies are strongly eyeing to develop data centres in Vietnam, as demand for data storage in the country is increasing. In December, VNG Company put into operation a new and international standard data centre called VNG Data Centre in Ho Chi Minh city. The centre has an
The Singapore-based United Overseas Bank (UOB) has kept its forecast for Vietnam’s GDP growth in 2023 unchanged at 6.6% in line with the official forecast of 6.5%, although growth momentum is likely to be weaker. In its report on Vietnam’s economic growth in the last quarter of 2022 and prospects
Prime Minister Pham Minh Chinh on Wednesday requested the Ministry of Planning and Investment to continue contributing to building an independent and self-reliant economy with extensive, substantive and effective international integration. Addressing the Ministry’s review meeting, Prime Minister Chinh urged for more efforts in planning and coordination to stabilize the
The State Bank of Vietnam (SBV) must direct commercial banks to meet all payment and cash demands of individuals and firms during Tet (Lunar New Year). It was under Directive No. 22/CT-TTg issued last week by Prime Minister Pham Minh Chinh with an aim to prepare for the country’s
Vietnam is among the four markets with potential growth in branded residences segment, according to a global Savills report. Branded residences, as a property sector, have proved to be incredibly resilient in the face of global uncertainty and change. The sector has not only survived the disturbance but
The Ministry of Finance (MoF) has suggested a series of solutions related to fiscal and tax policies in support of citizens and businesses this year, Deputy Minister of Finance Nguyen Duc Chi told a regular press conference of the Government in Hanoi on January 3. Chi said fiscal and
Indonesia’s inflation rose slightly in December and remained above the central bank’s target range for the 7th successive month, as household spending increased during the year-end holidays. According to data released by the Statistics Indonesia on January 2, the headline annual inflation rate picked up to 5.51% in December,
