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Business

Top 500 fastest growing enterprises 2024 announced

The list of the top 500 fastest growing enterprises in Vietnam (FAST500) and Top 5 and Top 10 real estate - construction - building materials companies in 2024 has just been announced.

Higher airfares drive Vietnamese from domestic tours

Many Vietnamese have chosen to travel abroad amid sharply increasing air tickets on domestic routes.

HCM City launches electronic business street

HCM City has opened a street which specialises in electronic products.

Domestic retail fuel prices declined at 3 pm today, April 25, following the decision by the Ministry of Industry and Trade and the Ministry of Finance.

Auction for gold bullion to continue on April 25

Another bidding session for 16,800 taels of gold bullion will be held today, the State Bank of Vietnam said in a statement.

SBV takes more actions to stabilise foreign exchange rates

The State Bank of Vietnam has taken some moves like issuing treasury bills and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.

Standard Chartered lowers Vietnamese GDP growth forecast to 6%

Standard Chartered Bank has moved to lower Vietnam’s GDP growth forecast for the year to 6% from the previous figure of 6.7% due to lower-than-expected growth in the first quarter of the year and global trade headwinds.

Uzbekistan Airways to launch air route from Tashkent to Cam Ranh

Uzbekistan Airways will open a new international air route from Tashkent, the capital city of Uzbekistan, to Cam Ranh city in the southern central province of Khanh Hoa.

More Business

HCM City seeks to draw remittances in infrastructure(04/24/2024)
Two bidders win the first gold auction this year(04/23/2024)
Auction for gold bullion starts on April 23(04/23/2024)
HCM City sees rising demand for prime retail space in downtown: Savills Vietnam.(04/23/2024)
FDI flow into garment and textile sector bounces back(04/22/2024)
Central bank to sell 16,800 taels of gold bullion to stabilize local market(04/22/2024)
Potential VN-Index technical recovery hindered by investor hesitation(04/22/2024)

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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