16:32 (GMT +7) - Tuesday 23/07/2019
AMRO's July forecast leaves GDP growth unchanged

Vietnam Today 23/7/2019

AMRO's July forecast leaves GDP growth unchanged

ASEAN+3 Macroeconomic Research Office (AMRO) releases Monthly Update of the ASEAN+3 Regional Economic Outlook - July 2019.

"Nobody's boy" opera opens at Youth Theater in Hanoi

English-language opera being performed from July 16 to 18.

1

Paradise Vietnam debuts new restaurant in Nha Trang

Ngon Gallery Nha Trang its 13th restaurant in Vietnam.

2

Tech Data expands Cloud Practice Builder

Program to include interactive solutions-focused paths and vendor-specific enablement programs.

3

IMF: Economic momentum expected to continue in 2019

Executive Board concludes Article IV Consultation with Vietnam.

4

Huge opportunities await foreign telco investors

Mr. Sesto E Vecchi, Managing Partner at Russin & Vecchi, and Mr. Chu Bao Khanh, Associate, tell VET about the prospects...

5

iPrice: Shopee & Tiki hold lead in web traffic in Q2

Sendo approaching Lazada in web traffic but both still well behind top 2, according to iPrice's Map of e-Commerce.

6

ASEAN - Japan Music Festival 2019 on horizon

Music festival celebrating friendship between ASEAN countries and Japan set for July 28 in Hanoi.

7

ADB maintains growth forecast

Vietnam the fastest-growing economy in Southeast Asia this year, new ADB report shows.

8

TMV kicks off training camp in Toyota Junior Football 2019

Thirty-two excellent young footballers from all over Vietnam taking part in training camp.

9

Vietnam House celebrating 2nd anniversary

Special anniversary set dinner menu from Chef Luke Nguyen available from July 23 to 27.

10

Issue

Digitalization is very much in vogue in Vietnam’s banking sector. Fintech players are throwing out something of a challenge to traditional banks in terms of different services, especially cashless payments. Indeed, a lot is being done all round in regard to cashless payments as this is one of the government’s top priorities and e-commerce will only grow in the future.

Commodities

Crude Oil: $59.48 ? -0.27%
Copper: $2.64 ? 0.38%
Sugar: $134.30 ? 1.21%
Coffee: $12.05 ? -2.19%
Gas: $2.75 ? 0.00%
Corn: $375.25 ? -1.83%

Source: vietstock

Exchange Rates

Unit: VND

NABuySell
EURNANA
GBPNANA
JPYNANA
SGDNANA
USDNANA

Source: Vietcombank

Gold

Unit: milion VND/ounce

Province Buy Sell
SJC NA NA
Ring NA NA

Source: SJC

Weather

Hanoi, vn

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Sky is Clear

NA m/s Light breeze

South-southwest (NA)

NA% NA hPa

BUSINESS SPOTLIGHT

Editor’s letter

June 16 was the first “Cashless Payment Day” held in Vietnam and attracted interest from banks, financial companies, and customers in a bid to promote cashless payments... The government has adopted certain measures to promote cashless payments over recent years...
The growth in Vietnam’s middle class and the growing number of internet users has spurred on the digital economy. With such potential in its digital economy combined with bright economic prospects, it’s no wonder Vietnam is becoming a hub for fintech development.
(read more)

The Guide this month sightsees from the sky, visits the “Kingdon of Caves”, looks at the latest attractions in Da Lat, and discovers the names Vietnam has been known as over the centuries...