Business

Construction started on the Quang Tri airport project, which has an initial outlay of 5.8 trillion VND (227 million USD), in Gio Linh district on July 6.

The Hong Kong Monetary Authority fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said on Friday.

Vietnam’s export products are facing 252 trade defence lawsuits from 24 markets as of June, according to the Ministry of Industry and Trade.

The State Bank of Vietnam will research and amend regulations on safety and security in online banking service provision to better protect customers, an SBV official said on Thursday.

Domestic retail petroleum prices rose at 3 pm today, July 3, following a decision by the Ministry of Industry and Trade and the Ministry of Finance. This marks the fourth consecutive petroleum price increase.

The northern province of Bac Giang has earned VND6.6 trillion (USD235.75 million) from litchi sales this year.

The international aviation market has fully recovered and slightly surpassed pre-COVID-19 levels, Director-General of the Civil Aviation Authority of Vietnam Dinh Viet Thang said at the Ministry of Transport’s mid-year conference on July 3.

The consumer price index of the Vietnamese economy is unlikely to go wild this year due to inflation and market prices cooling down globally, said Assoc. Prof. PhD Ngo Tri Long, a leading Vietnamese economist.

Vietnam’s automobile market is expected to bounce back in the last months of 2024 if a proposal to cut registration fees by a half for domestically manufactured and assembled cars is approved.

Durian exports have brought in over USD1 billion in May and June.

Vietnam's economic growth might decelerate in the second half compared to that in the first half, with several supportive factors expected to sustain the overall growth outlook, according to the Singaporean-based United Overseas Bank.

Foreign investment disbursement in the first half of this year reached an estimated US$10.84 billion, surging 8.2 per cent year-on-year and marking a record high over the past five years, according to the General Statistics Office.

Hanoi’s gross regional domestic product in the first half of 2024 is estimated to increase 6% compared to the 5.86% growth in same period last year.

The Republic of Korea is ready to cooperate with Vietnam in the field of semiconductors and artificial intelligence through specific projects to be deployed, RoK experts and scientists told Vietnamese PM Pham Minh Chinh.

Vietnam recorded a trade surplus of US$11.63 billion in the first six months of 2024, according to the General Statistics Office.

The State Bank of Vietnam has shortened terms and kept the interest rate of its bills unchanged to increase the attractiveness of the bill channel, which will help raise the interbank interest rates and reduce pressure on the USD/VND

Vietnam's consumer price index rose by 4.08 per cent in the first half compared to the same period last year, while core inflation increased by 2.75 per cent, according to the General Statistics Office.

Foreign businesses injected nearly US$15.19 billion worth of foreign direct investment into the Vietnamese economy in the first six months of 2024, representing a year-on-year rise of 13.1%, according to the General Statistics Office.

The national economy of Vietnam has maintained its upward trajectory, expanding by 6.93% in the second quarter of the year, thereby raising first-half growth to 6.42%, reported the General Statistics Office.