Business

Smart logistics key for competitiveness improvement: experts

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 cut savings interest rates

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.

MPI builds new investment incentives to match global minimum tax rule

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.

Asian markets mostly rise on US debt ceiling optimism

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 launches direct flights from Da Nang/Cam Ranh to Macau

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

Electric taxi service launched in Hue

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

Stock market sees signs of rallies in second half

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.

Further interest rate cuts hoped to fuel money flows into real estate

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 sink as US debt talks stall

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.

Central bank continues to reduce policy interest rates

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

Vietnam emerges as a rising market for Apple

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.

Nearly 2.3 billion USD in state capital saved in 2022: Gov't report

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.

Markets mostly rise after 'productive' Biden-McCarthy debt talks

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.

Petrol prices increase after three consecutive cuts

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

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.

Markets advance ahead of US debt talks

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.

Vietnam to buy electricity from China to ease shortage

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

PM Chinh attends Vietnam - Japan business seminar

PM Pham Minh Chinh attended the Vietnam - Japan business seminar on May 21 as part of his activities within the framework of the expanded Summit of the Group of Seven countries and his working visit to Japan.

Businesses applaud Government’s tax payment deadline extension

Businesses applauded the Government’s decree on tax payment deadline extension which helps them to have capital for maintaining production and ensuring workers’ benefits.

G7 to agree tools to counter Chinese economic 'coercion'

The G7 will agree Saturday on a "common set of tools" to combat economic "coercion" and limit the risk that high-tech exports to China undermine national security, a top US official said.

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