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Vietnam’s foreign exchange reserves exceed 60 billion

Vietnamese Prime Minister Nguyen Xuan Fuk said Friday that the country’s foreign exchange reserves exceeded 60 billion dollars.

The country’s foreign exchange reserves have seen steady growth in recent years, supported by strong exports.

According to Reuters, “the government announced a trade surplus of 1.3 billion dollars for the first quarter of 2018.

“We are trying to improve the business environment in Vietnam and aim to make it one of the most positive and competitive business environments among ASEAN countries,” Fok said in a speech at a regional economic summit in Hanoi, referring to the Association of Southeast Asian Nations.

The prime minister reiterated that the government plans to reduce the corporate income tax rate to 15-17 percent from 20-22 percent now. Source