Việt Nam News

Earlier this month, EVN said the retail price of electricity increased by 4.5 per cent to over VNĐ2,000 (8.2 US cents) per kWh starting from November 9, the second time they went up this year.

The global semiconductor chip market is expected to record a CAGR of 7.1 per cent from 2023 to 2032.

The State Bank of Vietnam (SBV) will continually issue new bills to withdraw cash from the banking system in the context that liquidity is abundant and interbank interest rates remain low, analysts forecast.

Nikkei Asia recently wrote that a fourth boom of foreign investment in Việt Nam might be in the making, led by the capital influx from the US after US President Joe Biden’s visit to Việt Nam last month.

As of September 29, the total credit for the entire economy reached nearly VNĐ12.7 quadrillion (US$531.2 billion), marking a 6.92 per cent increase since early this year.

Accessing this bloc market via an FTA will create a significant boost for Vietnamese export goods to them

Exporters remain worried that supply might not be enough to meet demand which is increasing in many countries.

Việt Nam should have a mechanism to enhance foreign investment capital (FDI) to the renewable energy industry, experts said.

After experiencing a rapid and strong growth cycle in the past decade, Việt Nam’s insurance industry is inevitably facing a correction and decline that requires insurers to focus on restructuring and improving service quality to meet the increasing demands of the market in the coming time.

The SBV early this week also directed commercial banks to continually reduce lending interest rates by 1.5-2 percentage points per year at a minimum for both outstanding loans and new loans.

Despite the difference in policies of the State Bank of Vietnam (SBV) and the US Federal Reserve (Fed), the USD/VNĐ exchange rate has remained stable to date thanks to a trade surplus and a bright economic outlook of Việt Nam.

Total non-performing loans (NPLs) at many banks surged in the first half of this year due to the poor business performance of the whole economy, and experts forecast the trend will continue.

The Việt Nam International Logistics Exhibition (VILOG) 2023, the first of its kind, will be held in HCM City from August 10-12.

Many banks have been stepping up bond buybacks before maturity, but experts are concerned the work can affect the banks’ ability to supply capital for the economy and boost credit growth in the remaining months of this year.

The lifting of the ceiling on airfares would certainly help airlines better meet the needs of passengers, especially during the peak period because airlines could offset the cost of two-way flights.

Many banks missold life assurance policies, with some customers having their savings deducted to purchase agreements without their knowledge, a MoF investigation has found.

From August 15 people with Vietnamese e-visas can enter and exit the country any number of times for 90 days, a long-awaited and major overhaul of the country’s visa system that is expected to revive tourism and hospitality, according to industry insiders.

The period of strong volatility of the US dollar has ended, and the USD/VNĐ exchange rate in the last six months of 2023 will remain stable.