Business

The market settled lower on Tuesday and logged a monthly fall in October as persistent selling force continued to weigh on investor sentiment.

Asian stocks were mixed Tuesday, with traders tracking developments in the Middle East crisis as Israel presses on with its ground incursion of Gaza, while hopes the conflict will not spill over regionally kept oil prices subdued.

The Vietnam Banks Association has proposed a 2 per cent value-added tax reduction for credit institutions because the institutions are currently facing difficulties, with their non-performing loans and potentially risky debts tending to increase significantly.

For the first time Vietnam has established a national semiconductor network which was inaugurated on October 29 as part of the Vietnam Semiconductor Summit.

Oil prices fell Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a wider conflict can be avoided.

Vietnam plans to develop a modern seaport system in the near future, but the question remains on how to optimise the facilities.

The Hanoi Promotion Agency, in collaboration with relevant departments and agencies, launched Hanoi Mega Sale 2023 in the capital city on October 27 evening.

Bamboo Airways has announced plans to halt many international air routes, as they focus on more popular flights in the run-up to New Year and the Lunar New Year 2024.

Despite the Government’s concerted efforts to address the challenges of the property market, the market won’t improve until the end of 2024 due to a lack of affordable housing, experts have warned.

Over 15.29 billion USD was channelled into 2,608 new foreign direct investment projects as of October 20, respectively up 54% and 66.1% year on year, statistics showed.

Vietnam has witnessed a sharp rise in pomelo exports after successful sales in the US and New Zealand.

Many banks posted less promising business results in the third quarter of 2023, with profit before tax continuing to be affected by the deceleration of credit growth. The net interest margin narrowed, while non-performing loans were increasing.

Vietnam Report JSC and online newspaper Vietnamnet have announced a list of the 500 most profitable companies and top 10 prestigious firms in food-beverage-retail-packaging in 2023.

Asian stocks sank Thursday, tracking a retreat on Wall Street fuelled by a surge in US Treasuries and worries over a possible escalation of the Middle East crisis, which also helped oil hold the previous day's rally.

The Ministry of Industry and Trade has asked Electricity of Vietnam to import electricity from Laos to ensure sufficient power for next year.

Standard Chartered Bank maintained robust 2024 GDP growth forecast of 6.7% for Vietnam in its latest macro-economic updates about the Southeast Asian nation.

The Asian Development Bank and the State Bank of Viet Nam today held a kick-off ceremony marking the implementation of the $5 million technical assistance , funded by the Government of Switzerland, to nurture financial technologies.

Slower recovery in international markets and lower demand in domestic air travel have been hindering the recovery of Vietnam's airline industry, said industry insiders and policymakers.

Most markets rose Wednesday after China unveiled plans for $137 billion in extra debt to boost infrastructure spending, while oil extended losses on hopes Israel will scale back its plans for a Gaza ground invasion.