Việt Nam News

The development of eco-industrial parks is considered an effective solution to contribute to completing the net zero emission target by 2050 in Việt Nam. However, there are still many problems with the mechanism.

The State Bank of Vietnam last week cut its policy rates for the third time this year to prop up economic growth. Accordingly, the bank cut its refinance rates from 5.5 to 5.0 per cent and its overnight electronic interbank rate from 6.0 to 5.5 per cent.

Recent electricity retail hike of 3 per cent will likely have a small effect on the country's CPI in the short run, according to the Ministry of Finance.

Though the global financial market has seen uncertainties this year, Việt Nam's currency and foreign exchange markets have remained stable.

The recent fever and subsequent decline of two Vietnamese shoe brands has prompted an inquiry: Will Vietnamese brands be able to capitalise on the trends and opportunities that emerge on social media?

After the State Bank of Vietnam cut several policy interest rates last week, interest rates on the interbank market, the open market operation (OMO) channel and commercial banks have all decreased.

A feast featuring delectable dishes created from Alaskan seafood has tickled the taste buds of more than 100 guests at an event held in Hà Nội on Monday night.

A number of companies are pursuing merger and acquisition (M&A) deals this year amid tighter funding from banks.

Deputy Minister of Industry and Trade Đỗ Thắng Hải said the fall in global import demand for Việt Nam's strong goods would negatively impact the country's exports this year.

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.