Business

Based on the cooling exchange rate, the State Bank of Vietnam may increase the US dollar buying price at the SBV’s Central Banking Department to supplement the country’s foreign exchange reserves, analysts said.

Nearly 110,800 new enterprises with total registered capital of nearly 994.7 trillion VND (40.3 billion USD) were established in the first eight months of 2024, according to the General Statistics Office.

Expanding investments to drive economic growth is a priority in achieving the target of 15% set for this year, said Deputy Governor of the State Bank of Vietnam Dao Minh Tu.

Vietnam’s index of industrial production (IIP) saw a year-on-year increase of 8.8% over the past eight months, extending the recovery of the sector, the General Statistics Office (GSO) has reported.

Over the past six months, the Vietnamese economy has recorded many important and encouraging achievements, showing the economy’s rebouncing to the pre-COVID-19 level, with many bright spots.

Asian markets tumbled Monday after another batch of worse-than-expected US jobs data revived fears about a possible recession in the world's top economy.

Vietnam ranked 49th out of 89 economies in term of real estate transparency, according to a recent global real estate transparency index 2024 rankings by global property services firm Jones Lang LaSalle.

Vietnam recorded a trade surplus of 19.07 billion USD in the first eight months of this year, the General Statistics Office has announced.

About 14.15 billion USD worth of foreign direct investment was disbursed in the first eight months of this year, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Asian markets drifted Friday as traders positioned themselves ahead of a highly anticipated US jobs report later in the day and following a mixed bag of economic data on the world's top economy.

Vietnam's fruit export revenue hit 4.63 billion USD in the first eight months of 2024, representing an increase of 30.6% compared to the same period last year, thanks to the opening of several key markets.

Retail petrol prices fell again following the latest adjustment made on Thursday afternoon by the Ministry of Industry and Trade and the Ministry of Finance.

Vietnam will organise the first Fruit Festival in the Chinese capital of Beijing on September 29-30.

Numerous listed-companies that have borrowed big loans in US dollars reported substantial currency losses in the first half of 2024, data from BSC Securities showed.

Gojek, Indonesia-based ride-hailing firm of its parent company GoTo, announced that it will cease operations in Vietnam after more than six years of doing business there, starting from September 16, in a move to optimize its growth.

Asset risks and profitability of Vietnamese banks remained broadly stable, but small banks faced more loan delinquencies and liquidity issues in the first half of 2024, analysts said.

Tech firms led a plunge across Asian markets Wednesday after a rout on Wall Street fuelled by a collapse in chip titan Nvidia and disappointing data on US factory activity that revived recession fears.

Vietnam’s import value of meat and meat products was worth US$1.08 billion during the first eight months of the year, representing an annual surge of 20.3%, according to the General Department of Vietnam Customs.

As the EU Deforestation Regulation is set to officially take effect on December 31, 2024, Vietnamese enterprises have been advised to act swiftly to comply with this rule to maintain their export activities to this major market.