Business

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from Monday, the regulator announced on its website Friday night.

Many southern localities have formed and optimised trans-regional tourism products to promote the attractiveness of both local and regional tourism.

Vietnam will focus on enhancing the competitiveness of the logistics sector and removing bottlenecks in the industry in order to promote trade and investment with India, an official has said.

Vietnam's economy will grow by 6.6% this year and at a similar rate in 2024, according to a report released on March 31 by the Organisation for Economic Co-operation and Development.

Vietnamese airlines have provided around hundreds of additional flights to serve travel demand for Reunification Day (30/4) and International Labour Day (May 1).

While Vietnam’s export of several key agro-forestry-aquatic products endured a sharp drop of 14.40 percent on-year in the first quarter of 2023, seafood exports were hardest hit with the on-year fall of 29 percent.

Vietnam would need 312.6 trillion VND (13.3 billion USD) to develop the seaports system by 2030, according to the Ministry of Transport.

ASEAN economies must strengthen their positions in global value chains to bolster resilience against new challenges including future pandemics, geopolitical instability, and climate change, says a report released today by the Asian Development Bank.

Vietnam attracted 2.7 million foreign tourists in the first quarter of this year, representing an on-year rise of 29.7 times.

Roughly 60,000 Vietnamese enterprises closed their doors in the first three months of this year, representing an on-year increase of 17.4 percent.

Vietnam has reported an on-year gross domestic product growth of about 3.32 percent in the first quarter of this year, the growth nears the 13-year lowest level, according to the General Statistics Office.

The Government has recently urged ministries to take measures to help the realty sector get back on track and sustain its healthy growth.

Around 10,000 discounted tours will be offered at Vietnam International Travel Mart 2023 which is scheduled to take place in Hanoi next month.

Vietnam attracted nearly 5.45 billion USD worth of foreign investment in the first quarter of the year, down 39% year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

Vietnam’s consumer price index (CPI) in the year’s first quarter edged up around 4.3% year-on-year, showed official data.

The Vietnamese rice industry is set to benefit from the high demand and prices this year, with lower input costs leading to expanded profit margins for rice businesses.

Vietnamese electric vehicle (EV) maker VinFast, a subsidiary automaker of conglomerate Vingroup, held a series of ceremonies on May 27 in Hanoi, Da Nang, and Ho Chi Minh City to deliver its first batch of 27 VF 9 EVs

Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation through a private placement.

The Hanoi Justice Department’s Property Auction Centre will hold an auction for an ATR 72-500 plane at a starting price of VND136.6 billion, excluding taxes and fees.