Việt Nam News

Vietnamese importers engaged in nearly 100 one-on-one business meetings with enterprises from Gyeongbuk and Chungbuk provinces of the Republic of Korea (RoK) in a trade exchange programme held in Hà Nội.

Thursday’s morning trading session (March 15) saw SJC gold bars dropping to nearly, even below the VNĐ80 million (US$3238) per tael mark as gold rings dropped to the VNĐ66.8 - 68.5 million range, after several days of rapid price hikes.

While acknowledging the market's achievements, Minister of Finance Hồ Đức Phớc expressed concern about the quality of advisory services, customer care and claims settlement, particularly in the rapidly expanding life insurance sector.

Addressing challenges from global economic uncertainties, Prime Minister Phạm Minh Chính said that it is critical for Việt Nam to apply solutions to overcome the difficulties.

The general upgrading of the Việt Nam Stock Market will bring about favourable outcomes and increase global integration, elevating the stature of the Vietnamese market and the country itself. The upgrading of the stock market contributes to Việt Nam's aspirations of establishing an international financial center. This plays a significant role in Việt Nam's national development strategy. Chairwoman of the State Securities Commission (SSC) Vũ Thị Chân Phương shares her insights to Việt Nam News.

The conference, chaired by Minister of Finance Hồ Đức Phớc, brought together representatives from the Vietnamese government and various Japanese organisations. Over 200 delegates from leading companies in both countries attended the event.

CEO of OCB Nguyễn Đình Tùng said OCB has been working around the clock to find a method to publicise the bank's interest rates.

According to the latest data from the International Monetary Fund, Việt Nam's GDP scale in 2023 is estimated to reach about US$433.3 billion, ranking fifth in Southeast Asia.

According to the State Bank of Vietnam (SBV), only 68 of such projects, located in 28 out of 63 cities and provinces across the country, have been announced to date.

The People's Committee of Bình Định province has officially approved a project to build Phù Mỹ Industrial Park in Phù Mỹ District.

According to experts, this move is aimed to support the foreign exchange rate, which has been under rising pressure recently, as the bill issuance has helped absorb liquidity in the interbank market to increase Vietnamese đồng-denominated interest rate, which has reduced the dollar speculation in the short term.

According to Trần Văn Liêng, Chairman of Việt Nam Quality Association of HCM City, domestic distribution systems should have recognition for suppliers of green products.

The economy of Việt Nam is going through a dynamic shift, marked by robust growth and the development of several key trends supporting a stronger looking future, according to an article recently published by the Hong Kong-based news site asianinsiders.com.

This is also a large and open market, with import duties ranging from zero to 5 per cent

As of the end of February, the collective assets of insurance enterprises were anticipated to hit VNĐ934.8 trillion, up 11 per cent year-on-year and 2.4 per cent compared to the end of last year.

SBV has asked commercial banks to proactively balance capital sources, and promptly meet the loan needs of people and businesses producing, processing, purchasing, temporarily storing and exporting rice, especially during the winter-spring crop of 2023-24, in the Cửu Long (Mekong) Delta region.

The central city is focused on personnel training to serve semiconductors and artificial intelligence (AI), among other fields.

Foreign investors, on the other hand, were still net sellers on the market. They net sold nearly VNĐ42 billion on HNX and VNĐ460.56 billion on HoSE.