Business

VinFast inks cooperation deals with 15 Thai agents at BIMS 2024

VinFast inks cooperation deals with 15 Thai agents at BIMS 2024

Leading Vietnamese electric vehicle (EV) maker VinFast officially signed its first letters of intent for cooperation with 15 dealers in Thailand on March 27.

Management of real estate brokers to be tightened

Only 40,000 out of about 100,000 individual brokers in the domestic real estate market have brokerage practising certificates, according to the Vietnam Association of Real Estate Brokers.

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Hanoi tops Q1 foreign investment

Hanoi was the top FDI destination during the first quarter of 2024, attracting USD970.80 million, accounting for 15.70 per cent of the country's total registered investment and surpassing the same period in 2023 more than six-fold.

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15 billionaires to attend investment promotion conference in Binh Dinh

Fifteen foreign billionaires are set to participate in an investment promotion conference due to take place in the south central province of Binh Dinh on March 29.

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Central bank revises regulations on foreign currency transactions

The State Bank of Vietnam has revised a circular regulating foreign currency transactions to make it more flexible and proactive in managing the foreign exchange rate in response to changes in domestic and international market conditions.

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Railway sector eyes brighter future

With its positive achievements in 2023, the railway sector is working to enhance service quality, improve passenger support policies, and adjust business strategies for better performance in 2024 and following years.

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Standard Chartered forecasts Q1 GDP to moderate amid rising inflation

In its recent global research report titled “Vietnam – Q1 GDP to moderate amid rising inflation”, Standard Chartered Bank forecasts Vietnam’s Q1 GDP growth will moderate to a still-strong 6.1 per cent year-on-year (from 6.7 per cent in Q4).

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Vietnam tackles obstacles to stock market upgrade

Vietnam's ambition to elevate its stock market from "frontier" to "emerging" status by 2025 faces two key hurdles, including pre-trade margin requirements for foreign investors and foreign ownership ratios in certain sectors.

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

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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.

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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.

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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.

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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.

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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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