Business

Outstanding loans to the real estate sector in the first half of 2023 surged by 17.4%, exceeding the 10.7% growth rate of the whole of 2022, according to data from the State Bank of Vietnam.

The global trade finance gap grew to a record $2.5 trillion in 2022 from $1.7 trillion two years earlier, as rising interest rates, flagging economic prospects, inflation, and geopolitical volatility reduced the capacity of banks to deliver trade financing,

National flag carrier Vietnam Airlines continues to increase flight frequency on routes to Europe, Australia, and China, thereby restoring nearly 90% of its pre-pandemic international flight network.

Most Asian markets fell Wednesday as a jump in oil prices to 10-month highs rekindled worries of another US Federal Reserve interest rate hike.

Prime Minister Phạm Minh Chính has signed an official telegram to relevant ministries and agencies asking for efforts to ensure adequate power and petroleum supply.

Petroleum prices have been raised from 3 pm today, September 5 following a decision by the Ministry of Industry and Trade and Ministry of Finance.

The outlook for the banking industry this year will not be as bright as previous years due to low credit growth and reducing profit, experts forecast.

Vietnamese budget airline Vietjet Air on September 4 announced its direct air route connecting Hanoi of Vietnam and Jakarta of Indonesia.

The Military Industry and Telecoms Group Viettel has announced that it will attend the 31st International Defense Industry Exhibition (MSPO) in Kielce, Poland, from September 5 to 8.

Prime Minister Pham Minh Chinh has asked ministries and localities to speed up the progress of national important transport projects.

National flag carrier Vietnam Airlines recently announced a direct flight connecting Ho Chi Minh City (Vietnam) and Perth (Australia), due to start on December 7, 2023.

Asian stocks rose Monday on hopes the Federal Reserve has come to the end of its interest rate hiking cycle following a positive US jobs report.

The southern economic hub of Ho Chi Minh City led the country in tourism revenue in the first half of 2023. The result showed the city's countless efforts in promoting the tourism sector and tourism development.

The development strategy of the textile and garment industry until 2030 with a vision to 2035 has clearly identified that exports will continue to be a major and crucial driving force for the sector's growth.

Vietnam is striving to turn its ginseng into an international brand product with an aim to becoming a major ginseng producer of the world by 2045.

Vietnam enjoyed a trade surplus of US$20.19 billion in the first eight months of this year, according to the General Statistics Office (GSO).

The Philippines has imposed ceilings on rice prices across the country amid an “alarming” increase in retail costs of the staple grain and reports of hoarding by traders.

Thailand is likely to complete its target of exporting 8 million tonnes of rice set for this year, maintaining its reputation as a major rice exporter.

A record number of 103,658 new firms were established in the first eight months of this year, a rise of 2.3% year on year and 1.2 times higher than the average number for the same period during 2018-2022, reported