Business

Asian markets rose Monday as traders weighed US inflation data that revived hopes for an early interest rate cut, but gains were tempered by geopolitical worries after fresh US-UK strikes on Huthi targets in Yemen.

Currently 70 per cent of businesses have changed their strategies and have had many export orders.

Despite being a major rice exporter with revenues reaching USD4.78 billion in 2023, Vietnam also spent USD900 million buying rice from other countries.

Based on the GDP growth rate in 2024, the Ministry of Industry and Trade has set a target of increasing export turnover this year by roughly 6%, equivalent to US$377 billion, with the trade balance maintaining a surplus of

Many firms in the southern region have started looking for new employees after receiving more orders.

Vietnam has so far attracted 1,135 foreign-invested projects in the real estate sector with a total registered capital reaching US$68.045 billion, according to data provided by the Ministry of Planning and Investment.

Oil prices surged Friday after US and UK forces launched strikes against Iran-backed Huthi rebels in Yemen following attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region.

Dalat City People's Committee issued a fine of VND240 million on Thursday to the DL Royal JSC for illegally building a golf club project on Cu Hill.

Lots of hotels in the central province of Quang Nam’s Hoi An City have been offered for sale amid on-going business difficulties.

Asian markets rose Thursday as investors gear up for the release of major US inflation data that could have a huge bearing on the Federal Reserve's timetable for cutting interest rates.

Standard Chartered Bank expects Vietnam to have a robust GDP growth of 6.7 per cent in 2024 (6.2 per cent and 6.9 per cent in the first half and second half of the year respectively).

Vietnamese exporters are recommended to gear up and act flexible with response measures in the face of transport disruption in the Red Sea.

Vietnamese expatriates tend to send home remittances due to global geopolitical insecurities, with the amount expected to rise sharply in the coming days ahead of the lunar New Year festival.

The Vietnamese market is expected to welcome 230,500 more enterprises, both newly established and those resuming operations, in 2024, according to the General Statistics Office.

Asian markets enjoyed a much-needed bounce Tuesday after a dour start to the year, with Tokyo notching a three-decade high as traders tracked a rally on Wall Street.

After a sluggish period, the mergers and acquisitions market is expected to rebound in 2024, with significant deals anticipated across various industries.

The VN-Index reported a positive start to 2024, with six consecutive sessions of gains. The return of banking stocks leading the market’s trend and a surge in liquidity signal significant capital entering the stock market.

Asian markets stumbled out of the gates Monday, extending last week's grim start to the year, after a forecast-busting US jobs report further dampened hopes for an early interest rate cut.

The Vietnam Value has moved up one spot to 32nd out of 100 strong national brands globally, with its value hitting US$431 billion, according to a Government official.