Business

Bank credit is showing signs of recovery after a decline at the end of July, the latest statistics from the State Bank of Vietnam show.

Prime Minister Pham Minh Chinh has signed a directive on the development of the domestic consumption, production-business, and market.

Interest rates for Vietnamese đồng-denominated for long term deposits at commercial banks have reached 7.4 per cent per year, according to the State Bank of Vietnam (SBV).

Vietcombank has become the first bank in Vietnam to stop offering SJC-branded gold bars on its website and sell them through its banking app from August 27.

Vietnam and Australia have agreed to ramp up investment and trade promotion, striving to swiftly reach the trade turnover target of US$20 billion and double two-way investment over the next two to three years.

Vietnam's vaccine maker AVAC Vietnam Joint Stock Company (AVAC) will export 150,000 doses of African swine fever vaccine to the Philippines on August 29, said AVAC General Director Nguyen Van Diep.

The credit rating organisation Moody's has forecast a positive economic outlook for the Asia-Pacific region in 2025, with accelerating growth in Southeast Asia, and Vietnam is expected to benefit notably from this trend.

The Vietnamese economy is forecast to grow 6.1% in 2024, and 6.5% in both 2025 and 2026, up from 5% last year, according to the World Bank’s latest report titled “Taking Stock: Reaching New Heights in Capital Markets”.

Most Asian equity markets rose with the yen on Monday after US Federal Reserve boss Jerome Powell said "the time has come" to start cutting interest rates, lining up the central bank for a move as soon as next month.

The VN-Index surged towards its previous peak with gains in four out of five sessions. Various sectors took turns rallying in the first three sessions of the week, pushing the index beyond the 1,280-point level. In fact, the movements

In recent years, the crop industry has demonstrated its crucial role in ensuring national food security, job creation, and increasing farmer incomes.

Malaysia began exporting fresh durians to China on August 24, two months after the two countries signed a protocol on phytosanitary requirements for the export of the fruit to China, according to Deputy Agriculture and Food Security Minister Datuk

In the overall long-term plans for Vietnam’s transport network, the Ministry of Transport has said priority will be given to developing and funding the national railway.

Construction started on a 260 million USD automotive engine manufacturing plant at the Chan May – Lang Co Economic Zone in Thua Thien – Hue province on August 23 by Kim Long Motor Hue and China's Yuchai Corporation.

Durian prices have sharply fallen as the Central Highlands region durian hub has entered its main harvesting season.

The southern province of Tay Ninh introduced its tourism potential and investment opportunities to diplomats and businesses of 15 countries at a meeting in Tay Ninh city on August 22.

Domestic retail petroleum prices fell at 3 pm today, August 22, after a decision by the Ministry of Industry and Trade and the Ministry of Finance.

A new night food street, to make its debut in Ho Chi Minh City’s District 7 on August 30, is expected to be a new driver for the development of the city’s night economy.

The total import-export turnover between Vietnam and Singapore surged 20.91% year-on-year to more than 3.1 billion SGD (about 2.3 billion USD) in July, according to the Vietnam Trade Office in Singapore.