Business

CPI rises by 1.24% in the first five months

CPI rises by 1.24% in the first five months

Vietnam’s consumer price index rose by 0.05 per cent in May compared to April, according to the General Statistics Office.

Petrol prices fall in latest adjustment

Domestic retail petrol prices fell at 3 pm today, May 30, following the decision by the Ministry of Industry and Trade and the Ministry of Finance.

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Vietnam posts trade surplus of US$8.01 billion in five-month period

Vietnam racked up a trade surplus of US$8.01 billion during the first five months of the year, lower than last year’s figure of US$10.2 billion, according to the latest data released by the General Statistics Office.

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Children's products sold by the Chinese-founded online shopping giant Shein contained toxic substances in amounts hundreds of times above acceptable levels, the government of South Korea's capital Seoul said Tuesday.

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Airlines rush to offer discounts, open new routes

Airlines in Vietnam are providing more flights and attractive discounts to meet increasing summer demand.

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FDI reaches US$11.07 billion in first five months of 2024

Foreign direct investment into Vietnam during the first five months of the year has reached US$11.07 billion, a 2 per cent increase compared to the same period in 2023, according to data from the Foreign Investment Agency.

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Rate of using AI to work in Vietnam is higher than world’s average: Microsoft

Microsoft's survey shows that 88% of knowledge workers in Vietnam use generative AI, higher than 75% in the world.

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Freight transport route at Huu Nghi–Youyi Guan International Border Gate launched

A ceremony was held in the northern province of Lang Son on May 27 to officially open three routes for freight transport and customs clearance at the international border gate pair of Huu Nghi (Vietnam) – Youyi Guan (China).

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

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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.

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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.

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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.

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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.

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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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