Business

The race of interest rate hikes among commercial banks is showing signs of cooling down as many banks have adjusted down the rate by several percentage points per year after the Lunar New Year (Tết) holiday and have set

A company in the Central Highlands province of Dak Lak has exported 10 banana containers to China, the first to the neighbouring country so far this year.

The Ho Chi Minh City Stock Exchange (HOSE) hosted a gong-beating ceremony on January 31, marking the first trading session of the Vietnamese stock market in Spring 2023.

Asian markets sank Tuesday following a big selloff on Wall Street and ahead of a key Federal Reserve policy decision later in the week, while data showing a bounce in Chinese economic activity failed to lift the mood.

Vietnam reported 10,800 newly-established enterprises in January, an increase of 0.7 percent over the previous month, according to the General Statistics Office.

The ministries of Industry and Trade, and Finance have sharply raised retail petrol prices from Monday afternoon.

A number of herbs and spices imported by the EU from Vietnam will face fewer checks when entering the bloc.

Nearly 100 petrol stations nationwide were closed during the Tet Lunar New Year holiday, claiming they had run out of stock and lacked employees.

Stocks mostly fell Monday as traders struggled to maintain momentum from last week's rally, though Shanghai advanced as mainland Chinese markets reopened after a week-long Lunar New Year break.

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio, according to industry insiders.

Vietnam attracted foreign direct investment (FDI) worth 1.69 billion USD as of January 20 this year, down 19.8% annually, according to the General Statistics Office (GSO).

The Republic of Korea (RoK) topped the list of countries and territories with most foreign visitors to Vietnam in January 2023, the General Statistics Office of Vietnam (GSO) announced on January 29.

Vietnam’s consumer price index (CPI) in January edged up by 0.52 % month-on-month, fueled by high consumer demand for the Lunar New Year or Tet which fell in the same month, the General Statistics Office said on January 29.

Vietnam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development.

A number of expressways have been built or are under construction in the Mekong Delta, enabling the region to keep up with the rapid socio-economic development momentum of the rest of the country.

Hai Phong aims to become a regional and international logistics centre due to its many advantages as a transportation hub for all five types of traffic, including sea, road, air, railway, and inland waterways.

The leather and footwear industry is striving to achieve US$27 billion in export turnover this year, an increase of roughly 10% compared to the previous year amid shrinking major markets and falling demand.

Imports and exports continue to be a bright spot for Vietnam despite facing numerous difficulties and Vietnamese enterprises can penetrate deeper into the global supply chains with good strategies, according to experts.

Last year witnessed Binh Duong province attract more domestic investment than foreign direct investment, indicating a positive sign regarding the southern locality's investment environment.