Việt Nam News

HCM City’s economic recovery will likely face challenges for the rest of the year, putting in doubt that upcoming quarters will achieve their 2023 growth targets, a city official warned.

Non-cash payment transactions witnessed a significant surge in the first two months, indicating a notable shift in customers’ behavior towards modern financial services.

Shares reversed course to end lower on Tuesday, pressured by the selling force hitting a series of large-cap stock groups.

With all factors considered, the economy is forecast to grow by 6.5 per cent in 2023 and 6.8 per cent in 2024. The growth would be supported by a sizable public investment, an expansionary monetary policy, and the reopening of China.

The Ministry of Industry and Trade said that the parties have also reached an agreement on the next shipments, with the total demand expected to be up to thousands of tonnes of Vietnamese rice to Vanuatu.

Compared to Q1 of 2019, before the COVID-19 pandemic broke out, the amount in this year’s first three months increased by 26.7 per cent, the GSO noted.

The boom in cashew imports in the first two months of 2023 could be attributed to the abundant cashew supply in Cambodia where the nut was in season.

The HCM City Real Estate Association (HoREA) has proposed commercial banks lend to real estate firms so they can fund maturing bond obligations amid ongoing market turbulence.

The latest data from the General Statistics Office (GSO has shown Việt Nam's economic recovery remains bumpy, putting pressure on upcoming quarters to achieve the Government's socio-economic goals for the year.

This also helps affirm and enhance SeABank's strength in the field of international payment and trade finance, helping the bank to approach and establish transaction relationships with more banks around the world.

The Import-Export Department under the Ministry of Industry and Trade said that as Indonesia was among the major rice import markets of Việt Nam, any policies, moves and market developments of Indonesia would partly affect the export of Việt Nam into this market.

Lowering CIT rates on small and micro enterprises was important as a support to help them overcome the difficult time and have resources for investing in production and business.

At the conference, Lê Hoàng Tài, deputy head of Vietrade, said the recovery of economic and trade cooperation between Việt Nam and China after the pandemic brings many opportunities for economic and trade development cooperation between Việt Nam and Sichuan Province.

HOSE-listed advancers outnumbered decliners by 269 to 73, with 18 stocks hitting ceiling prices whereas two being at rock bottom.

Việt Nam and Israel on Sunday announced the conclusion of negotiations for their free trade agreement (FTA), creating a premise for the two countries to sign the deal right this year.

Due to weaker demand amid the global economic downturn, VNDirect forecasts that the net profit of chemicals companies will decline in 2023.

Capital from the private sector also makes a great contribution to socio-economic development.

In a recent report submitted to the Ministry of Industry and Trade (MoIT) and the Committee for Management of State Capital at Enterprises (CMSC), EVN delivered a bleak picture of its financial balance in 2022 due to high fuel prices and volatile foreign exchange rates.