Business

Concerns that the Federal Reserve will have to lift interest rates again or keep them at a 22-year high for an extended period weighed on investor sentiment Wednesday as traders await the bank's latest policy decision.

The Ministry of Planning and Investment has outlined three potential economic growth trajectories for 2024, with the peak GDP growth rate forecast at 6.5 per cent.

Banks are reducing lending interest rates by 1-3% per year compared to 2022 to stimulate demand for home loans in the wake of the loan decline.

Steady FDI commitment and disbursement reflects the continued interest of foreign investors’ in business opportunities in the Vietnamese market despite global uncertainties, according to the World Bank in its Vietnam Macro Monitoring edition for August.

Asian stocks sank Tuesday following sedate performance on Wall Street as investors keep their powder dry ahead of the Federal Reserve's policy decision later in the week.

Hong Kong police on Monday arrested six people on suspicion of "conspiracy to defraud" after receiving more than 1,400 reports from potential victims who claimed to have lost around $128 million on troubled cryptocurrency exchange JPEX.

The national flag carrier Vietnam Airlines has announced that all of its flights between Hanoi/Ho Chi Minh City and Singapore will be relocated from Terminal 4 to Terminal 3 at Singapore’s Changi International Airport from September 26.

The market is forecast to witness slower gaining momentum in the near future and explore supply and demand in the area of 1,220 - 1,237 points, before forming a more specific trend.

Asian markets started the week limply Monday following a sell-off on Wall Street, with focus turning to the Federal Reserve's keenly awaited key policy decision.

With steady export growth, Vietnamese farm produce is increasingly meeting market demand in terms of packaging, quality and food safety, which enhances its competitiveness and allows Vietnamese products to gain further access into the global supply chain.

Vietnam’s coffee sector has not been able to cash in on increased coffee prices due to a lack of product.

Vietnam’s cashew exports in August alone reached a new record high of 60,580 tonnes worth US$333.83 million, according to figures released the Ministry of Industry and Trade.

German news website NTV has published an article highlighting the attractiveness of the Southeast Asian country to German businesses.

The decreasing savings interest rate has been considered the main factor that makes investors to pour more money into the stock market, experts forecast.

Many taxi firms in Hanoi are facing mounting losses as petrol prices have accelerated while demand falls.

Asian markets rallied Friday as forecast-busting Chinese data boosted hopes the world's number-two economy may be stabilising after an extended slowdown.

A mixed US inflation report boosted Asian markets Thursday as it soothed fears of a possible Federal Reserve interest rate hike next week, though the still hot reading left open the possibility of one more before year's end.

Renewable energy companies have recorded declining earnings results, partly due to burdens on corporate bond payment.

The Economic Zone Management Board in the northern city of Haiphong has proposed setting up a 2,000-hectare economic zone.