Business

Over 23.7 billion USD in public investment disbursed in 2023

As much as 579.8 trillion VND (23.77 billion USD) worth of public investment was disbursed last year, equivalent to 73.5% of the yearly plan and nearly 82% of that assigned by the Prime Minister, according to the Ministry of Finance.

Markets swing ahead of US jobs as rate cut hopes fade

Asian stocks fluctuated on Friday after a bigger-than-expected rise in US private-sector jobs poured cold water on hopes for an interest rate cut in the next few months.

Fuel prices cut amid global decline

Domestic retail prices of petroleum products in Vietnam were revised down at 3 pm today, January 4, following the adjustment jointly made by the Ministry of Industry and Trade, and the Ministry of Finance.

Masan chairman back on Forbes billionaires list

Nguyen Dang Quang, founder of Masan Group, has reappeared on Forbes’ list of billionaires after previously dropping out due to a fall in his assets.

No interest rate hike in 2024: central bank

The State Bank of Vietnam will not consider increasing policy interest rates and might extend debt rescheduling policies to support enterprises this year, said SBV Deputy Governor Dao Minh Tu has said.

Asian markets extend new year retreat after Fed minutes

Asian markets continued their disappointing start to the year Thursday, tracking another loss on Wall Street after minutes from the Federal Reserve's December meeting dampened hopes for an early interest rate cut.

Vietnam's exports to EU, US see sharp downturn in 2023

Vietnam's exports to the EU and the US in 2023 were estimated to reach around 166 billion USD, a 9.6% decrease while imports were estimated at nearly 41 billion USD, a 9.1% drop in comparison to 2022.

Asia tracks global losses as stock traders step back after rally

Asian markets fell Wednesday in line with a sell-off across most of the world as traders took their cash off the table after a blockbuster end to 2023, with eyes now on the release this week of Federal Reserve

Foreign-invested firms contribute 73.1% of total export turnover

Foreign-invested enterprises contributed US$259.95 billion out of Vietnam’s total export turnover of US$355.5 billion last year, according to figures released by the Ministry of Industry and Trade.

Vietnam sees huge opportunities to attract high-quality FDI

Boasting a highly-open economy, Vietnam has great potential to attract high-quality foreign direct investment from major enterprises worldwide, according to insiders.

Property market hopes for brighter outlook in 2024

A brighter outlook is predicted for the property market in 2024 compared to last year thanks to favourable regulations and interest rates.

New year gets off to a weak start as traders eye rate cuts

Asian markets slipped Tuesday as most traders returned from the New Year break looking forward to a 2024 that is expected to see interest rate cuts, but to also be full of economic and political uncertainty.

Experts foresee VN-Index breaking 1,130 point barrier and heading towards 1,150 Points in 2024

The VN-Index is projected to have a good chance to surpass the 1,130 point threshold at the beginning of the new year and advance towards the 1,150 point level, according to experts.

Capital to be prioritised for spearhead sectors: central bank

The State Bank of Vietnam (SBV) will improve credit quality and prioritise capital for spearhead sectors that drive the economic growth in 2024.

Enormous challenges for fisheries industry as export markets shrink

2023 proved to be a difficult year for Vietnamese seafood industry due to global high inflation, the prolonged Russia-Ukraine conflict, and instability in the Middle East, according to insiders.

Domestic automobile market experiences hard year

The domestic automobile market has faced both opportunities and challenges in the year 2023. Car experts believe that 2023 is a crucial year for Vietnam to establish itself as an emerging market in the auto industry, with hopes of

Quota for raw tobacco imports set at nearly 72,000 tonnes

Vietnam would import 71,835 tonnes of raw tobacco under tariff quota for 2024 set in a freshly issued circular by the Ministry of Industry and Trade (MoIT).