Business

Asian markets down as traders fret over rate cut outlook

Asian stocks ticked lower Tuesday as Middle East concerns overshadowed hopes for an early Federal Reserve interest rate cut, with traders now awaiting the release of key data out of China and the United States later in the week.

Vietnamese industries eye ambitious export goals in 2024

With a positive economic outlook, the Ministry of Industry and Trade aims to increase exports by 6 per cent in 2024, running a trade surplus for nine years in a row, estimated at US$15 billion.

Vietnamese economy likely to expand by 6.5% in 2024: Economist

The Vietnamese economy is likely to expand by 6-6.5% in the base scenario, Dr. Can Van Luc, a member of the National Financial-Monetary Policy Advisory Council, has predicted.

Asian stocks edge up after US inflation data, oil flat

Asian markets rose Monday as traders weighed US inflation data that revived hopes for an early interest rate cut, but gains were tempered by geopolitical worries after fresh US-UK strikes on Huthi targets in Yemen.

Vietnamese firms adjust their strategies to boost production

Currently 70 per cent of businesses have changed their strategies and have had many export orders.

Vietnam spends nearly USD900 million on rice imports

Despite being a major rice exporter with revenues reaching USD4.78 billion in 2023, Vietnam also spent USD900 million buying rice from other countries.

Export turnover set to reach US$377 billion in 2004 amid global uncertainties

Based on the GDP growth rate in 2024, the Ministry of Industry and Trade has set a target of increasing export turnover this year by roughly 6%, equivalent to US$377 billion, with the trade balance maintaining a surplus of

Firms hire as business improves

Many firms in the southern region have started looking for new employees after receiving more orders.

FDI inflows into real estate hits over US$68 billion

Vietnam has so far attracted 1,135 foreign-invested projects in the real estate sector with a total registered capital reaching US$68.045 billion, according to data provided by the Ministry of Planning and Investment.

Oil rallies as US, UK strike Huthis, stocks mixed after US CPI

Oil prices surged Friday after US and UK forces launched strikes against Iran-backed Huthi rebels in Yemen following attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region.

Dalat fines illegal golf club project

Dalat City People's Committee issued a fine of VND240 million on Thursday to the DL Royal JSC for illegally building a golf club project on Cu Hill.

Many hotels in Hoi An offered for sale

Lots of hotels in the central province of Quang Nam’s Hoi An City have been offered for sale amid on-going business difficulties.

Asian markets track Wall St gains ahead of key inflation data

Asian markets rose Thursday as investors gear up for the release of major US inflation data that could have a huge bearing on the Federal Reserve's timetable for cutting interest rates.

Standard Chartered forecasts Vietnam 2024 GDP growth at 6.7%

Standard Chartered Bank expects Vietnam to have a robust GDP growth of 6.7 per cent in 2024 (6.2 per cent and 6.9 per cent in the first half and second half of the year respectively).

Exporters advised to act flexible amid Red Sea transport disruption

Vietnamese exporters are recommended to gear up and act flexible with response measures in the face of transport disruption in the Red Sea.

Remittances to Vietnam rise sharply over global uncertainties

Vietnamese expatriates tend to send home remittances due to global geopolitical insecurities, with the amount expected to rise sharply in the coming days ahead of the lunar New Year festival.

Vietnam to log 230,500 more businesses this year

The Vietnamese market is expected to welcome 230,500 more enterprises, both newly established and those resuming operations, in 2024, according to the General Statistics Office.

Asian markets track Wall St rally, Tokyo hits three-decade high

Asian markets enjoyed a much-needed bounce Tuesday after a dour start to the year, with Tokyo notching a three-decade high as traders tracked a rally on Wall Street.

Mergers and acquisitions market set to thrive in 2024

After a sluggish period, the mergers and acquisitions market is expected to rebound in 2024, with significant deals anticipated across various industries.

Positive signals lift the stock market

The VN-Index reported a positive start to 2024, with six consecutive sessions of gains. The return of banking stocks leading the market’s trend and a surge in liquidity signal significant capital entering the stock market.

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