Business

Asian markets were mixed Thursday as investors shrugged at data showing US inflation fell further but only marginally, suggesting the Federal Reserve still had much to do in its battle against rising prices.

Around 10,000 houses for low-income earners will be built in HCM City and Hanoi this year.

While enterprises are seeking to diversify markets to cope with drops in orders, experts urge attention to be attached to legal risks which might arise from doing international trade in a volatile world.

The Hanoi Metro Company, which operates the Cat Linh-Ha Dong metro line, reported a profit for the first time of nearly VND97 billion in 2022 after incurring losses of VND64 billion the previous year.

Demand for gold in Vietnam fell by 12 percent in the first quarter of this year compared to the same period last year, according to the World Gold Council.

Asian markets struggled Tuesday as investors eyed the release of US inflation data later in the week that could play a key role in shaping the Federal Reserve's interest rate plans.

The disbursement of public investment capital was only more than VNĐ110.63 trillion in the first four months of 2023 though the Government has taken many solutions to speed up and remove difficulties for the work, the Ministry of Finance estimated.

Asian markets rose Monday, tracking a rally on Wall Street fuelled by a strong rebound in US regional banks and forecast-beating jobs data that eased fears over a recession in the world's top economy.

After a sluggish GDP performance in the first quarter this year, Vietnam is still not out of the woods yet. In particular, it has not seen the light at the end of the tunnel on the trade front, according

The State Bank of Vietnam has recently issued two circulars to support businesses and the real estate market in particular.

More than 110.6 trillion VND (4.7 billion USD) of public investment was disbursed in the first four months of this year, equivalent to 14.6% of the yearly target and lower than the 18.48% in the same period last year,

The housing supply in the domestic market is expected to increase in the future thanks to a credit package of VNĐ120 trillion for social housing development and a project on developing one million social houses.

The Ministry of Information and Communications will conduct a comprehensive inspection over TikTok's activities in Vietnam from May 15, given its continuous and regular violations, the ministry announced on May 5.

Asian stocks were mixed on Friday following a slide on Wall Street driven by renewed fears of banking sector turmoil.

The consumer price index in April decreased by 0.34% month-on-month, but increased by 2.81% year-on-year, according to the General Statistics Office.

Petroleum products prices decreased from 3 pm on Thursday, marking the second consecutive fall.

The Asian Development Bank (ADB) and Switzerland signed a cofinancing agreement of up to $5 million to nurture financial technologies (fintech) that can help address low financial inclusion in Vietnam, particularly among small and medium-sized enterprises (SMEs).

Electricity of Vietnam have announced an increase in average electricity retail prices by 3 percent to VND1,920.37 (USD81.71) per kWh from today, May 4.

Global and domestic coffee prices are at high levels, providing opportunities for Vietnam to maintain a coffee export revenue of over US$4 billion this year, a record set in 2022, while the global supply is narrowing down.