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Business

Positive investment opportunities in Vietnamese stocks with potential Fed rate reduction

The potential reduction in interest rates by the Fed is expected to open up favourable investment opportunities in Vietnamese stocks, particularly in key sectors such as banking, import-export, retail, materials, industrial parks, technology and businesses with high dividend yields.

Banking sector to lead national digital transformation: PM

Vietnam's banking sector is in a prime position to take the lead in the country's digital transformation process, said Prime Minister Phạm Minh Chính at an event organised by the State Bank of Vietnam.

Coffee prices have continued falling while local traders have reduced transactions.

2024 Land Law to draw real estate investment, increase social housing supply

Expediting the enforcement of the 2024 Land Law would stimulate the supply of social housing and encourage enterprises to be more assertive in participating in the development of this segment, experts predict.

FDI flows strongly into manufacturing, real estate

Vietnam’s industrial real estate industry is expected to continue its strong growth trajectory due to foreign direct investment (FDI) inflows benefiting from tax incentives.

Pepper exports hit $353 million in four months amidst soaring prices

Pepper export continued to enjoy high export prices in April, enabling Vietnam to earn US$353 million from this 'black gold' export in the first four months.

Vietnamese aviation authority excuses airfare hikes

The Civil Aviation Authority of Vietnam has claimed that increased fuel prices, exchange rates, and plane rental prices have caused airfares to rise since the beginning of the year.

Petrovietnam announces two new oil and gas fields

The Vietnam Oil and Gas Group (Petrovietnam) on May 6 announced the discovery of two new oil and gas fields, Rong and Bunga Aster.

More Business

Textile and garment businesses face difficulties due to lack of domestic supply(05/06/2024)
ADB to allocate historic amount of US$1.42 billion in 2023 net income(05/06/2024)
Airlines, railway firms report big profits(05/05/2024)
Vietnam improving readiness to attract foreign investment: official(05/05/2024)
Retail sales, services revenue up 8.5 per cent in four months(05/04/2024)
PM asks to put cross ownership at credit institutions under scruntiny(05/03/2024)
Ministry asks to increase electricity supply by 4.4 billion kWh this year(05/03/2024)

MOR Software’s journey to achieve Sao Khue Award

MOR Software has been recognised as Software Outsourcing Services for the fourth consecutive year at the Sao Khue Award 2023.

Finance

Deposit interest rates at four major banks hit one-year low

The latest deposit interest rates at the four major banks have simultaneously decreased to the lowest level in one year.

Four State-owned banks have further cut deposit interest rates by 0.2-0.3 percentage points to reach around 7 per cent for 12-month deposits.

The State Bank of Vietnam’s recent decision to revise up the 2022 credit growth target of the banking system has eased access to bank loans amid a credit crunch, especially at the peak season to prepare for Lunar New Year.

Minister of Trade and Industry Dang Hoang An and Italian Undersecretary for Foreign Affairs Manlio di Stefano co-chaired the seventh meeting of the Joint Commission on Economic Cooperation, following a two-year hiatus caused by the COVID-19 pandemic.

Deputy Prime Minister Le Minh Khai has approved the sovereign credit rating improvement project by 2030, part of an effort to make Vietnam a developing and upper-middle-income country with modern industry.

The State Bank of Vietnam has urged lenders to not relax credit approval conditions but set tighter control on foreign currency lending and granting loans in high-risk sectors.

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