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Business

Cross-border e-commerce conference to take place in Hanoi, HCM City

The Ministry of Industry and Trade's E-commerce and Digital Economy Agency said it will coordinate with Amazon Global Selling to organise a cross-border e-commerce conference, which is expected to help Vietnamese businesses seek online export opportunities.

Listed companies expected to recover in second half of 2023

The profits of listed companies are expected to recover in the second half of the year after performing poorly in the first quarter, buoyed by the recent supportive policies from the Government, said analysts at securities firms.

Haiphong urges investors to speed up industrial park projects

Authorities in the northern port city of Haiphong have asked real estate developers to speed up the construction of urban area and industrial park projects by June next year.

Asian markets struggle to kick on after rally, with eyes on Fed

Asian markets wobbled Tuesday after a two-day rally as profit-takers stepped in and traders weighed the chances of the Federal Reserve skipping an interest rate hike this month.

Two local startups to attend Echelon Asia Summit 2023

Two of Asia's 100 most promising startups, Vietnamese representatives DIFISOFT and Hello3Dworld, are set to participate in Echelon Asia Summit 2023 to be held in Singapore on June 14 - 15.

Garment and textile sector hardest hit in layoff wave

The domestic garment and textile sector has been hardest hit in the on-going wave of layoffs due to the economic downturn, according to the Ministry of Labour, Invalids and Social Affairs (MoLisa) report.

Forbes Vietnam reveals top 50 listed companies in 2023

Forbes Vietnam on June 5 unveiled the top 50 listed companies in 2023, the 11th year it has released this list in the country.

Stocks rise on 'Goldilocks' US jobs data, oil lifted by output cut

Markets built on a global rally Monday after a mixed US jobs report lifted hopes the Federal Reserve will skip an interest rate hike this month, while oil extended gains after Saudi Arabia slashed output.

More Business

Australia and Vietnam work together for clean energy transition(06/05/2023)
FDI in Ho Chi Minh City down 13.5% in five months(06/05/2023)
Manufacturing sector undergoes third consecutive fall(06/04/2023)
Rice export revenues hit 10-year high(06/03/2023)
Hanoi to host Global Economic Forum(06/02/2023)
Asian markets surge on Fed rate hopes(06/02/2023)
Ha Giang fish farming improve livelihoods(06/02/2023)

Ministry proposes removing coal plants from energy plan

The Ministry of Industry and Trade has suggested the Government remove coal-fired plants with a capacity of 14,120 megawatts from Power Development Plan VIII (for 2021-30), which is currently being drafted.

Finance

State-owned banks continue cutting deposit interest rates

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.

Despite the negative impact of the COVID-19 pandemic, the remittance flow to the country throughout 2021 reached more than US$12 billion, an increase of 10% compared to 2020, according to data published by the State Bank of Vietnam (SBV).

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