Business

Vietnam’s economic growth is expected to slow down to 5.8% in 2023 and 6.0% in 2024, compared to the April 2023 forecast of 6.5% and 6.8% respectively, mainly due to weak external demand.

The total consolidated revenue of 19 State-owned economic groups and corporations hit 1.871 quadrillion VND (77.9 billion USD) last year, or 20% of the country’s gross domestic product.

Standard Chartered has predicted that Vietnam's GDP growth will reach 5.1% in Q3, up from 4.1% recorded in the previous quarter.

Nearly 50 enterprises from Vietnam attended a trade promotion and business matching programme on September 22-23 as part of the Uttar Pradesh International Trade Show.

The nation is currently the eighth largest rubber supplier to the Japanese market, behind only Indonesia, Thailand, the Republic of Korea, Singapore, and the United States, according to the Import-Export Department under the Ministry of Industry and Trade.

The growth in Vietnam's seafood export turnover in recent years has been created from the foundation of the aquatic farming, exploitation and processing industry.

Enterprises expected access to banking credit to be made easier to quench their thirst for capital during the process of recovering production and business.

PM Pham Minh Chinh on September 22 met with Mayor of New York Eric Adams, during which he affirmed Vietnam attaches importance to its cooperation with the US city.

Vietnam defines Bangladesh as its important partner and a potential investment destination for major corporations and enterprises of the Southeast Asian country in the future, NA Chairman Vuong Dinh Hue said.

Most stock markets rose Friday, reversing early losses and a sell-off on Wall Street, as traders contemplate further interest rate hikes by central banks to tame inflation.

Most stock markets fell Friday, extending a global retreat as investors fret that central banks will have to continue pushing up interest rates as they struggle to tame inflation.

HCM City is making efforts to complete the construction of its first metro line linking Ben Thanh and Suoi Tien by the end of this year and put the line into commercial operation next July.

The Government has approved for the Vietnam Airlines Corporation (Vietnam Airlines) to set up an additional salary fund to increase the salary of Vietnamese pilots.

Prices of petroleum products increased again from 3 pm today, September 21, following the adjustment by the Ministry of Industry and Trade and the Ministry of Finance,

Vietnam’s cassava and cassava product exports to China surged in August amid sharply rising demand.

Dong Nai Province Department of Transportation has requested its consultants to study the development of metro lines connecting local urban areas and airports for the 2021-2030 With a Vision to 2050 Provincial Planning.

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.