Business

Many banks have recently poured thousands of billions of Vietnamese dong into green projects.

The Ministry of Planning and Investment recently presented to the Government two economic growth trajectories for 2025, with the highest rate forecast at 7.5%.

The Vietnam Oil and Gas Group (PetroVietnam) continues to top the PROFIT500 list, which names the 500 most profitable enterprises in the nation for the year.

Most Asian markets rose Tuesday but Tokyo sank more than one percent as exporters were hit by a stronger yen with traders gearing up for a bumper US interest rate cut and a key Japanese central bank meeting.

With a team of leading talent in the pharmaceutical industry, Imexpharm is driving significant growth by boosting R&D as a strategy to develop high-tech pharmaceuticals.

The development of eco-industrial parks (eco-IPs) is an effective solution to lower emissions enough to meet the net zero target by 2050 in Vietnam. However, there are still many obstacles, especially in terms of mechanisms.

Vietnam is discussing the establishment of a centre for raw materials to support the textile, leather and footwear industries, signalling a bold effort for the billion-US-dollar sectors to enhance sustainability and climb higher up the global value chain.

Several private and State-owned banks have reduced interest rates and offered debt relief for customers affected by Typhoon Yagi.

According to a socio-economic report recently published by the General Statistics Office, retail revenue for the first eight months of the year is estimated at nearly VNĐ3.3 quadrillion (US$130.3 billion), a 7.3 per cent increase year-on-year.

Gold prices may see some minor increases in the coming months, but in the long run, the precious metal will likely lose its appeal, said industry experts and policymakers.

Asian markets mostly rose Friday and the yen sat around nine-month highs after another healthy day on Wall Street as investors gear up for an expected US interest rate cut next week.

Real estate revenue in HCM City reached VNĐ173 trillion (US$7 billion) in the first eight months of the year, up 6.1 per cent year-on-year, according to the HCM City Statistics Office.

Domestic retail petroleum prices dropped sharply at 3 pm today, September 12, following a decision by the Ministry of Industry and Trade and the Ministry of Finance.

A sharp rise has been recorded in foreign trade over the past few months, and if this upward trend is sustained, this year’s foreign trade turnover is likely to break the record of 732 billion USD set in 2022.

Demand for industrial land remains high, especially in the southern region, with ready-built warehouses and factories increasingly attracting investors, according to Savills Vietnam.

More advanced manufacturing from Taiwan (China) will migrate to Vietnam in the following decades, according to Daphne Lee, head of Commercial Banking, HSBC Taiwan, and Ahmed Yeganeh, head of Wholesale Banking at HSBC Vietnam.

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.