Business

CIEM sets out three economic scenarios for 2024

CIEM sets out three economic scenarios for 2024

The Ministry of Planning and Investment Central Institute for Economic Management presented three scenarios for the national economy in 2024 at the Vietnam Economic Pulse Forum.

Vietnam’s coffee export volume is likely to decrease due to lower output

Vietnam’s coffee export volume in the 2023-24 season is likely to be lower than a year earlier due to a drop in output, no carry-over stock and growing local demand, and export prices will remain high, according to the

More
Outbound Tet tours sell well

Demand for outbound tours for the coming Tet Lunar New Year Holiday is sharply increasing.

More

Asian stocks rose Wednesday after a tepid start to the week as data pointing to a softening US labour market restoked hopes the Federal Reserve will cut interest rates in the new year.

More
Vietnamese 5% broken rice export price hits new high globally again

High demand for rice has prompted the export price of Vietnamese rice to rise to a record high of US$663 per tonne, the highest in the world at present.

More
Vietnamese firms should be cautious to avoid fraud in international trade

Vietnamese firms should use additional caution to avoid increasingly sophisticated scams in international trade, Deputy Director of the Vietnam Trade Promotion Agency Hoàn Minh Chiến said.

More
Vietnam to develop initiatives to sustain FDI flows

Vietnam will set up a support fund to encourage and lure strategic investors and multi-national groups, making it more attractive in attracting foreign direct investment.

More
Vietnam, Cambodia launch cross-border QR payment link

Vietnam and Cambodia have officially launched a bilateral cross-border QR payment link, allowing their peoples to scan QR codes to make payments in each other’s country using their local currency.

More

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

More

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.

More

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.

More

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.

More

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.

More

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.

More