Việt Nam News

Both the six-month and 12-month term rates now stand at 9.3 per cent per year, down from 9.7 per cent and 9.5 per cent per year, respectively.

The State Bank of Việt Nam (SBV) might not increase its policy interest rate in the first quarter of 2023 after the US Federal Reserve (Fed) raised its rate by only 25 basis points last week while the Vietnamese đồng has strengthened against the US dollar, analysts forecast.

Insurance companies will have the chance to earn higher profits in 2023 thanks to a continual interest rate hike trend.

The total outstanding loans in the southern city totalled VNĐ3.23 quadrillon in 2022, up by 14 per cent over 2021.

The pent-up consumption trend during the pandemic is gradually decreasing in the context of rising interest rates and a weakening Vietnamese đồng making consumers' to tighten their purse strings.

According to the ministry, in the 11 months of 2022, the world's economic and political situation changed rapidly and complicatedly. Prices of strategic raw materials, including petrol, rose to high levels in the first half of the year to put great pressure on the target of controlling inflation in Việt Nam.

Football can play its part, according to Dortmund managing director Carsten Cramer, in promoting and expanding connections between the two countries.

A recent report from financial data service provider FiinGroup showed the channel for raising capital through domestic bonds is gloomy, but many domestic enterprises still succeeded in mobilising international loans. Specifically, ten deals announced recently had a total value of nearly US$1.92 billion.

According to industry insiders, demand deposits, or current account savings account (CASA), of many banks has started to decline since the second quarter of 2022.

Real estate enterprises should actively find alternative funding sources such as foreign direct investment (FDI) capital flow to curb their capital shortage as popular capital mobilisation channels for the realty industry have been tightened.

Though the State Bank of Việt Nam (SBV) has hiked interest rates twice in a month, experts agreed the SBV has no other choice but to take strong measures to curb upward pressure on the USD/VNĐ exchange rate and inflation.

The draft revised Law on Land, which will be on the agenda of the National Assembly’s meeting for the first time this month, is receiving a lot of attention from the public as it will remove the Government’s land price framework to ensure market principles prices.

Room for aquaculture growth is ample as Việt Nam has a large area of coastal waters not-yet-exploited, which is estimated at 500,000 ha.

Businesses have faced difficulties in access to capital and commercial banks want to be able to lend freely to meet market demand. However, experts said the imposition of the credit growth cap is still necessary to keep the country’s macro economy stable in the short run.

Việt Nam is considering amending the Law on Price, which mentions several commodities under the Government’s price stabilisation scheme including petrol and oil.

Amid the central bank’s tight money policy and with the bond market screeching to a halt, many real estate companies thus find themselves cut off from sources of funds.

Market observers said these large stores are now opening not only in big cities like Hà Nội and HCM City but also in other smaller ones around the country.

The winds of change are blowing through Việt Nam’s pharmaceutical retail industry with giants wrapping up investments to establish modern retail chains in a fast-growing market