VINACHEM

De-dollarization has become a buzzword of late, with ways to sidestep the greenback via boosted trade in local currencies, such as China's yuan, a key item on the agenda of the recent BRICS Summit. Furthermore, the dollar-ditching debate has been fueled by the US currency's precarious global position as prospects of a recession loom.

Viet Nam’s economy remains resilient, and recovery is expected to pick up in the near term, noted Asian Development Bank (ADB) Country Director for Viet Nam Shantanu Chakraborty at a press conference on Wednesday.

The World Intellectual Property Organization (WIPO) released the Global Innovation Index (GII) Report 2023 on September 27, ranking Vietnam 46th out of 132 countries and territories worldwide, up two notches compared to the 2022 report.

Vietnam will internalize additional tax and incentive policies to support the enforcement of the global minimum tax in early 2024, in order to prevent tax evasion and encourage foreign businesses to operate in the long term in the country, said Finance Minister Ho Duc Phoc.

The tire pressure monitoring system market is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 Billion by 2032 according to Future Market Insights

Vietnam has leaped two places in the Global Innovation Index (GII) in 2023, ranking 46th out of 132 countries and territories, according to a GII report released by the World Intellectual Property Organization (WIPO) on September 27.

The EU chemicals industry is likely to be hit by substantially higher carbon prices and a more ambitious wave of CO2-reduction reduction targets from the European Commission in the years ahead, the director general of industry body Cefic said on Tuesday.