Business

Asian markets mostly fell Thursday after minutes from the Federal Reserve's most recent policy meeting showed officials foresaw a US recession at the end of the year, while inflation data could not temper expectations of another interest rate hike.

The stock market is in a favourable situation with many supporting factors such as the State Bank lowering interest rates, positive short-term sentiment and the return of cashflow.

The US Agency for International Development and the General Department of Vietnam Customs on Wednesday celebrated their joint success creating a more attractive trade and investment environment in Vietnam.

The northern province of Quang Ninh topped the 2022 Provincial Governance and Public Administration Performance Index, the United Nations Development Programme announced on April 12.

The fourth VietShrimp Aquaculture International Fair is scheduled to get underway in the Mekong Delta city of Can Tho from April 12 to 14.

Asian markets were mixed Wednesday as traders jockeyed ahead of US inflation data that could play a key role in the Federal Reserve's interest rate decision-making.

The US Agency for International Development and the Vietnam Chamber of Commerce and Industry yesterday celebrated the launch of a new tool to spur green economic growth: the Provincial Green Index.

Vietnam reported a sharp increase in rice exports in the first quarter with over 1.85 million tonnes worth over USD 981 million, up 23.40 percent in quantity and 34.30 percent in value compared to the same period last year.

Prices of petroleum products have increased again from 3 pm today, April 11.

The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax from 10% to 8% for a number of goods and services to boost the economy.

Phu Quoc Island has seen a fall in tourist numbers so far this year, particularly domestic visitors, due to higher air tickets, said Nguyen Vu Khac Huy, vice chairman of Kien Giang Province’s Tourism Association.

Policies are needed to boost the number of domestic enterprises participating in the supply chain of multinational companies, and a boost is necessary in the localisation rate of the processing and manufacturing industry, which now remain modest, insiders said.

Vietnam can take advantage of its population structure to promote economic development and attract foreign investment, according to foreign media outlets and experts.

Vietnam has issued a national action plan on building a transparent, responsible and sustainable food and food stuff system to 2030, with a goal of maintaining the export turnover of over 30 billion USD each year.

The United States has significantly increased its import of chip products from four Asian countries (Thailand, Vietnam, India, and Cambodia) since the beginning of the year, according to data released by the US Census Bureau.

The real estate sector ranks second in foreign direct investment attraction in the first quarter of 2023 with 766 million USD, accounting for 14.1% of total FDI.

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND which was started by the State Bank of Vietnam earlier this month.

The tax sector collected an estimated 462.92 trillion VND for the State budget in the first quarter of 2023, equivalent to 31.1% of the yearly estimate, the General Department of Taxation.

The Asian Development Bank raised its 2023 growth forecast for developing Asia on Tuesday, after China's abrupt loosening of Covid-19 restrictions and reopening of its borders brightened the region's prospects.