Patrick Lenain News Today

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) gives member countries easier access to one another’s markets at preferential tariffs, even tariff-free trade for most items.

Pressure on exchange rates looks to ease up in the final months of the year.

Vietnam’s GDP growth was only 3.32 per cent in the first quarter compared to the same quarter of the previous year. Growth accelerated in the second quarter but only to 4.14 per cent – very far from the rapid pace of 7-8 per cent annually before 2020.

Within the framework of the official visit to Vietnam of the US Secretary of the Treasury Janet Yellen, the conference Women in Economics and Finance: Economic Outlook and Climate Finance took place at the Foreign Trade University (FTU) on July 21.

The USD/VND exchange rate is forecast to abate in the months to come, leveraging diverse supportive factors in both domestic and international markets, as well as central bank movement.

Banks are inherently fragile, it is therefore unavoidable that banks face turmoil periodically. Patrick Lenain, CEP senior associate, analyses how to limit the global banking stress impacts in Vietnam’s banking system.

The OECD has published a comprehensive study of Vietnams economic, financial, social and environmental trends for the first-time ever.

Just over a month ago, the global banking system was shocked by the failure of Silicon Valley Bank (SVB) and the ensuing wave of panic, which was disastrous for Signature Bank, a New York City lender. The turbulence soon spread to Europe, where Credit Suisse came to the brink of collapse and was eventually forced to merge with large Swiss bank UBS.

The banking system is bracing for difficulties after the events surrounding Silicon Valley Bank, Credit Suisse, and others. Patrick Lenain, senior associate at the Council on Economic Policies, shared his views on what should Vietnam watch for during this period.

Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc.