Business

Many apartments in decade-old buildings in Hanoi are attracting customers due to housing supply shortages.

Vietnam’s stock market is set to grow in a stable, safe, healthy, effective and sustainable fashion under a freshly-approved strategy.

Vietnam’s consumer price index in 2023 is estimated to rise 3.25% year-on-year, meeting the target set by the National Assembly (NA), the General Statistics Office reported on December 29.

The highest bonus for the coming Tet Lunar New Year in Hanoi will be around VND205 million (USD8,471), down from VND400 million last Tet.

Vietnam’s gross domestic product growth rate is estimated at 5.05% in 2023, the General Statistics Office announced on December 29.

Asian stocks opened cautiously on Friday, largely continuing an end-of-year rally that has been boosted by investors' expectations of a US Federal Reserve rate cut as early as March.

The Prime Minister has signed a telegram, asking for solutions to be introduced to rein in the gold market that has fluctuated sharply in recent times.

Credit rating agency Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%, with many favourable signs.

Suffering from declined overseas shipments, export businesses in some industries now need more assistance from the Government to navigate difficulties and challenges, insiders have said.

Asian stocks opened largely higher on Thursday, with Hong Kong leading the gains as investors worked on expectations the US Federal Reserve will cut rates next year.

A range of shops along Le Duan, a bustling fashion street in the central city of Danang’s Hai Chau District, have been closed.

The southern province of Kien Giang has carried out a variety of measures to attract more tourists in the coming time, said Bui Quoc Thai, director of the provincial Department of Tourism.

Nearly 160,000 new enterprises have been established in Vietnam in 2023, up 7.2% year-on-year, according to the Ministry of Planning and Investment’s Business Registration Management Agency.

The banking sector will continue to face great challenges in 2024, especially those from bad debts, an economist has forecasted.

Asian markets opened higher on Wednesday, tracking Christmas holiday gains on Wall Street, with investors betting on the US Federal Reserve cutting interest rates as early as March.

The country attracted nearly US$36.61 billion in foreign direct investment in 2023, representing an increase of 32.1% against the same period from last year, according to statistics compiled by the Foreign Investment Agency.

Domestic gold prices continued to surge on the morning of December 26, hitting a record high of nearly VND80 million per tael.

Domestic enterprises imported a total of 9.4 million tonnes of petrol, oil, and other petroleum products worth US$7.8 billion over the past 11 months of the year.

WB official said Vietnam's economy remains resilient in 2023 meanwhile ADB Country Director points to three main growth drivers of Vietnam's economy in 2024.