Vietnam Business News





Vietnam

May 2023


Vietnam Economy 2023

August 2023
The report shows that Vietnam's economic growth slowed from 8% in 2022 to 3.7% in the first half of 2023.
It forecasts a moderate growth of 4.7% in 2023, gradually accelerating to 5.5% in 2024 and 6.0% in 2025.
Source: worldbank.org

Vietnam's Foreign Currency Fines

October 2011
The Vietnamese government issued a decree on October 20 raising dramatically fines on quoting prices in foreign currency or gold instead of quoting in the local currency VND, Vietnam dong.
The penalty would range between VND 300 million to VND 500 million, about $14,000 to $ 24,000.
Businesses paying in foreign currency or gold can also have their business license revoked.



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