Business

Vietnam's economic growth might decelerate in the second half compared to that in the first half, with several supportive factors expected to sustain the overall growth outlook, according to the Singaporean-based United Overseas Bank.

Foreign investment disbursement in the first half of this year reached an estimated US$10.84 billion, surging 8.2 per cent year-on-year and marking a record high over the past five years, according to the General Statistics Office.

Hanoi’s gross regional domestic product in the first half of 2024 is estimated to increase 6% compared to the 5.86% growth in same period last year.

The Republic of Korea is ready to cooperate with Vietnam in the field of semiconductors and artificial intelligence through specific projects to be deployed, RoK experts and scientists told Vietnamese PM Pham Minh Chinh.

Vietnam recorded a trade surplus of US$11.63 billion in the first six months of 2024, according to the General Statistics Office.

The State Bank of Vietnam has shortened terms and kept the interest rate of its bills unchanged to increase the attractiveness of the bill channel, which will help raise the interbank interest rates and reduce pressure on the USD/VND

Vietnam's consumer price index rose by 4.08 per cent in the first half compared to the same period last year, while core inflation increased by 2.75 per cent, according to the General Statistics Office.

Foreign businesses injected nearly US$15.19 billion worth of foreign direct investment into the Vietnamese economy in the first six months of 2024, representing a year-on-year rise of 13.1%, according to the General Statistics Office.

The national economy of Vietnam has maintained its upward trajectory, expanding by 6.93% in the second quarter of the year, thereby raising first-half growth to 6.42%, reported the General Statistics Office.

Vietnam has recorded an estimated agro-forestry-fishery trade surplus of 8.28 billion USD during the first half of 2024, surging 62.4% year on year, said the Ministry of Agriculture and Rural Development.

Vietnam boasts a great opportunity to develop semiconductor and AI industries as it has abundant and well-trained young workforce, according to a US non-engineer semiconductor expert.

The Ministry of Finance has asked relevant ministries, branches and agencies for feedback on a proposal to cut by half registration fees for domestically manufactured and assembled cars in Vietnam.

The SBV has directed commercial banks to ensure online banking transactions to run smoothly for all customers, including foreign residents in Vietnam, when the mandatory biometric verification policy takes effect.

Domestic retail prices of petroleum products in Vietnam rose again at 3 pm today, June 27, following the adjustment jointly decided by the Ministry of Industry and Trade and the Ministry of Finance.

The Vietnamese economy is likely to expand by close to 6% in 2024, driven by a recovering export sector, robust foreign direct investment, and policy support, the International Monetary Fund said.

Pacific Airlines resumed operations on Wednesday after a gap of nearly three months, and has started offering business class seats for the first time ever as it seeks to restructure.

Bond yields in emerging East Asia increased amid strengthened expectations that interest rates will remain elevated for a longer period, according to a new report by the Asian Development Bank.

Vietnam and the United States held their first economic dialogue in Washington DC at 10am on June 25 (local time) co-chaired by US Under Secretary for Economic Growth, Energy, and the Environment Jose W. Fernandez and Vietnamese Minister of

The central city of Danang has announced a tourism stimulus programme with attractive discounts.