Business

Asian markets mostly fell Monday as investors kept a wary eye on the talks to raise the US debt limit to avert a "catastrophic" default.

Amid fluctuations in the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnamese đồng is considered one of the most stable currencies in Asia, according to experts.

More than 201 Chinese traders have registered to enter Vietnam to purchase lychee in the northern province of Bac Giang between mid-May and July, Trade and Industry Promotion Center of the province has announced.

As one of the few sectors reporting export turnover increase in the first quarter of 2023, Vietnam's vegetable and fruit sector has a bright outlook to earn USD4 billion in export revenue this year.

Many households in the Central Highlands province of Gia Lai have cut down cashew trees because of falling prices.

Members of the Vietnam Automobile Manufacturers’ Association sold 22,409 automobiles of all kinds in April, a month-on-month drop of 25%.

Taiwanese shoemaker Pou Yuen Vietnam Co. Ltd., the largest employer in HCM City, has announced plans to lay off nearly 6,000 more workers as they have continued to face declining orders.

A high interest rate environment is a great risk to the competitiveness of Vietnamese enterprises, according to economists.

Apple is scheduled to officially open an online store, the first of its kind in Vietnam, on May 18, Apple Vietnam has said in its statement.

Asian markets fluctuated Friday as traders weighed a range of issues including US debt ceiling hopes, high-level talks between Washington and Beijing, banking sector uncertainty and more signs of a slowing economy.

The engagement of the private sector in green growth and sustainable development is crucial for Vietnam to complete its target of raising the green economy scale to 300 billion USD in the total national GDP value in 2050.

High interest rates have exerted a strong impact on Vietnam’s competitiveness, heard a seminar themed “Impact of High Interest Rates on Macro-economic Stability and Growth Recovery in 2023” held on May 11 in Hanoi.

The Ho Chi Minh City Economic Forum 2023 will be held from September 13-17 under the theme “Green growth - the journey to zero emissions,” the municipal People’s Committee announced.

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

Hundreds of hectares of sugarcane in the northern province of Tuyen Quang are dying due to prolonged drought, leading to material shortages for the local sugar production sector.

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.