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Business

Vietnamese spend nearly 150 trillion VND on online shopping

Vietnamese consumers spent 143.9 trillion VND buying 1.53 million items on five e-commerce platforms in the first half of this year, according market analysis firm Metric.

FDI inflows into Vietnam surge over seven-month period

Vietnam attracted more than US$18 billion in foreign direct investment during the past seven months of the year, according to details given by the Foreign Investment Agency.

Ride-hailing firm Grab drops Singapore taxi company purchase

Southeast Asia's biggest ride-hailing and food delivery firm Grab has called off plans to acquire a Singapore taxi company, the city-state's competition watchdog said Thursday.

Petrol prices plunge for third consecutive time to below VND23,000/litre

Petrol prices were adjusted down to below VND23,000 per litre from 3 p.m. on July 25 by the Ministry of Industry and Trade, and the Ministry of Finance.

HSBC raises Vietnam's GDP growth forecast to 6.5%

HSBC has raised its forecast for Vietnam's GDP growth this year to 6.5%, as compared with the previous projection of 6%, following the country's better-than-expected performance in the first half.

Durian exports forecast to top 3 billion USD in 2024

Durian exports may surpass 3 billion USD this year, according to Dang Phuc Nguyen, General Secretary of the Vietnam Vegetable and Fruit Association (Vinafruit).

Vietjet purchases 20 Airbus aircraft for USD7.4 billion

Vietnamese low-cost carrier Vietjet has just signed a contract with Airbus on the purchase of 20 new-generation wide-body A330neo (A330-900) aircraft, costing USD7.4 billion.

Markets mixed after US rally ahead of inflation report

Stock markets were mixed Tuesday as investors struggled to extend a surge on Wall Street, where the tech sector bounced back after last week's losses, while attention turned to the upcoming release of key US inflation data.

More Business

Real estate firms aggressively restructuring bond debt(07/23/2024)
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Asian markets drop as Biden drops out of White House race(07/22/2024)
Measures suggested to boost startups’ access to capital(07/21/2024)
Deputy PM assigns MoIT to establish a petroleum exchange floor(07/21/2024)
MoTI asks for feedback on amending regulations for importing used cars(07/20/2024)

Asian markets drop as Biden drops out of White House race

Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared to be unmoved by China's decision to cut interest rates in a bid to boost the country's

Finance

Businesses will no longer enjoy corporate income tax incentives from 2025

It is expected that Vietnam will no longer offer tax incentives such as corporate income tax exemption and reduction as of 2025 in a bid to improve the capacity of public finance for infrastructure investment, said Minister of Finance

Banks lent more than VND480 trillion (USD18.88 billion) to economic entities in June, demonstrating the sector’s efforts in concretising the Government’s credit goal of 5-6% to the end of Q2.

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.

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