Business

Standard Chartered Bank has moved to lower Vietnam’s GDP growth forecast for the year to 6% from the previous figure of 6.7% due to lower-than-expected growth in the first quarter of the year and global trade headwinds.

Uzbekistan Airways will open a new international air route from Tashkent, the capital city of Uzbekistan, to Cam Ranh city in the southern central province of Khanh Hoa.

A seminar aimed at channeling overseas remittances into infrastructure took place in Ho Chi Minh City, given that remittances to the city reached 9.46 billion USD in 2023.

The State Bank of Vietnam released the outcome of the gold bullion auction on Tuesday, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.

The State Bank of Vietnam starts auctioning 16,800 taels of SJC-branded gold bars in Hanoi on April 23, it said in a statement.

Luxury brands are looking for high-quality retail space in District 1 - the downtown area of HCM City, according to Savills Vietnam.

The flow of foreign direct investment into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.

The State Bank of Vietnam is scheduled to hold a gold bullion bidding session on April 22 in an effort to increase the supply of gold bullion and stabilize the domestic gold market that has made national headlines in

The VN-Index have shown signs of potential technical recovery, which may stimulate bottom-fishing sentiment among investors. However, geopolitical tensions in the Middle East and the ongoing exchange rate fluctuations continue to impact investor psychology.

Promoting the development of Vietnam's automobile industry until 2045 requires a comprehensive strategy that addresses various aspects of the industry.

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.

The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.

The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year.

Oil prices rallied and equities sank Friday as reports said explosions had been heard in Iran and Syria, fuelling fears of an escalation of the Middle East crisis after last weekend's missile attack on Israel by Tehran.

The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.

Foreign hypermarkets, retail distributors and international buying groups registering to join the Vietnam International Sourcing 2024 have shown interest in five groups of Vietnamese products.

Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.

Petrol prices were raised from 3 pm today, April 17, after the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Cross-border beauty and personal care is a huge market for Vietnamese companies thanks to the growing realisation of gender equality in which more women are immersing themselves in the workforce globally.