Business

Electricity imports from Laos and China accounted for just a modest part of the total electricity demand of Vietnam, Deputy Minister of Industry and Trade Dang Hoang An.

A series of events and activities will be held under the 2023 Cashless Day to promote the adoption of non-cash payment and contribute to achieving the Government’s plans to drive Vietnam towards a cashless society.

To meet the demand of domestic trading and import-export activities, the logistics sector is working towards professional and competitive services meeting international standards, in which smart logistics development is considered the key solution.

Dozens of commercial banks have simultaneously decided to reduce deposit interest rates from May 25, after the State Bank's decision to cut policy interest rates.

The Ministry of Planning and Investment is working on the design of incentives and measures to support new investment activities amid the upcoming application of the global minimum tax.

Hopes that lawmakers are edging closer to a deal to hike the US debt ceiling lifted spirits in Asia on Friday, though traders remain nervous as a deadline to avert a calamitous default draws closer.

Vietravel Airlines on May 25 officially launched direct flights connecting two central localities of Vietnam – Cam Ranh and Da Nang with Macau (China).

Around 400 electric cars have been put into use as taxi services in Hue City in the central province of Thua Thien-Hue.

The stock market is expected to see more investment opportunities for the medium and long term in the second quarter of 2023, according to analysts.

The State Bank of Vietnam is set to further reduce regulatory interest rates on May 25, the third cut in a row since mid-March, expected to give a boost to the stagnant real estate market.

Asian markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks to avert a painful default.

The State Bank of Vietnam has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.

The emergence of several Asian markets such as Vietnam, India and Indonesia offer a ‘golden opportunity’ for Apple, according to the US cable news network CNN.

Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government.

Optimism that the United States will avert a calamitous default supported equities Tuesday, with President Joe Biden and House Speaker Kevin McCarthy saying they held productive talks on the debt ceiling.

The retail prices of petrol slightly increased from Monday afternoon following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.

Gold remains a potential investment channel until the end of this year, though the global economy in general, and Vietnam in particular, still possess potential risk factors related to recession and inflation.

Most markets rose Monday ahead of US debt talks between President Joe Biden and congressional leaders, with both sides still apart but also confident a deal can be reached to avert a catastrophic default.

The Northern Power Corporation will buy electricity from China’s Guangxi Power Grid Company to ease the power shortage this summer.