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Business

Localities get ready for fourth FDI boom

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.

Central bank plans to auction gold bars on April 22

The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.

Old loans must endure higher interest rates temporarily: central bank

The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year.

Oil surges, equities sink as Iran blasts fan MidEast escalation fears

Oil prices rallied and equities sank Friday as reports said explosions had been heard in Iran and Syria, fuelling fears of an escalation of the Middle East crisis after last weekend's missile attack on Israel by Tehran.

The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.

Foreign purchasers show interest in five product groups of Vietnam

Foreign hypermarkets, retail distributors and international buying groups registering to join the Vietnam International Sourcing 2024 have shown interest in five groups of Vietnamese products.

Overseas remittances to HCM City record highest increase in three years

Overseas remittances to Ho Chi Minh City exceeded 2.86 billion USD in the first quarter of 2024, an annual increase of 35.4% and the highest recorded in three consecutive years.

Petrol prices were raised from 3 pm today, April 17, after the latest adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

More Business

Beauty, personal care forms huge market for cross-border traders(04/17/2024)
Coffee growers in Dak Lak worry about poor crop(04/17/2024)
Private sector contributes 45% of GDP(04/16/2024)
Central bank to resume gold bar bidding after 11 years(04/16/2024)
Vietnam’s agricultural products appeal to foreign customers(04/15/2024)
Stocks hit by Iran's Israel strike, hopes for containment stem losses(04/15/2024)
Cryptocurrency will not be banned in Vietnam: justice ministry(04/15/2024)

MOR Software’s journey to achieve Sao Khue Award

MOR Software has been recognised as Software Outsourcing Services for the fourth consecutive year at the Sao Khue Award 2023.

Finance

Deposit interest rates at four major banks hit one-year low

The latest deposit interest rates at the four major banks have simultaneously decreased to the lowest level in one year.

Four State-owned banks have further cut deposit interest rates by 0.2-0.3 percentage points to reach around 7 per cent for 12-month deposits.

The State Bank of Vietnam’s recent decision to revise up the 2022 credit growth target of the banking system has eased access to bank loans amid a credit crunch, especially at the peak season to prepare for Lunar New Year.

Minister of Trade and Industry Dang Hoang An and Italian Undersecretary for Foreign Affairs Manlio di Stefano co-chaired the seventh meeting of the Joint Commission on Economic Cooperation, following a two-year hiatus caused by the COVID-19 pandemic.

Deputy Prime Minister Le Minh Khai has approved the sovereign credit rating improvement project by 2030, part of an effort to make Vietnam a developing and upper-middle-income country with modern industry.

The State Bank of Vietnam has urged lenders to not relax credit approval conditions but set tighter control on foreign currency lending and granting loans in high-risk sectors.

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