Business

Domestic retail petroleum prices increased at 3 pm today, June 13, after a decision by the Ministry of Industry and Trade and the Ministry of Finance.

Several Vietnamese travel companies are providing tours to Europe to watch Euro 2024 matches.

Vietcombank has launched an online service for customers to register to purchase SJC gold bars directly on its website – and gold will only be sold to those who register online.

The Asian Development Bank (ADB) and Lien Viet Post Joint Stock Commercial Bank (LPBank) signed a financing package of up to $80 million to expand access to finance for a women-owned small and medium-sized enterprises (WSMEs) project in Viet Nam.

Japanese Ambassador to Vietnam Ito Naoki during his recent meeting with the leadership of the Ministry of Transport in Hanoi said Japan shows its keen interest in Vietnam’s North-South express railway project worth approximately US$70 billion.

The market size of Vietnamese e-commerce hit US$20.5 billion last year, marking an increase of about US$4 billion compared to 2022, and the industry is likely to achieve the US$35 billion revenue target ahead in 2025.

Experts have recommended implementing a tax on gold transactions to help curb the demand from certain investor groups, particularly those engaging in speculative activities and gold price manipulation.

The Vietnam Report JSC on June 10 unveiled its annual list of Vietnam’s Top 10 Reputable Commercial Banks for 2024.

The number of newly opened securities accounts in Vietnam saw a substantial increase last month, reversing the previous decline in April, according to the Vietnam Securities Depository and Clearing Corporation.

The Ministry of Planning and Investment has issued an official dispatch, urging organisations to push ahead with the disbursement of public funds, as figures show progress is still slow in a number of ministries and localities.

The Government will make every effort to keep inflation at a level lower than the 4.5% target for 2024, Prime Minister Pham Minh Chinh said at a meeting of elite members of the Government held in Hanoi.

Ho Chi Minh City and Hanoi have been included in the Savills list of fastest-developing cities on the planet recently released by the commercial real estate brokerage firm.

Domestic air ticket prices have become a headache for many families and tourists making travel decisions. This has not only affected consumer pockets, but the domestic tourism and aviation industries as well, analysts have said.

People in Hanoi are flocking to banks and stores of Saigon Jewelry Company to purchase gold.

The Ministry of Industry and Trade hosted a seminar in Ho Chi Minh City to explore opportunities for Vietnamese farm produce and processed food to enter global distribution networks.

Vietjet has inaugurated a route connecting the capital city of Hanoi with Sydney, Australia.

The State Bank of Vietnam has refuted rumours about gold shortages in the market, affirming there is a sufficient supply of gold for legitimate demand in an effort to stabilise the domestic gold market.

The settlement of weak banks has faced difficulties as the work mainly depends on the voluntary participation of well-performed banks, the State Bank of Vietnam said.

Retail prices of petrol products were slashed starting 3pm on June 6 by the Ministry of Industry and Trade and the Ministry of Finance.