Việt Nam News

The State Bank of Vietnam (SBV) has recently issued two circulars to support businesses and the real estate market in particular.

Vietravel Airlines plans to boost its fleet to six aircraft by adding three more in the third quarter of 2023, in line with its original establishment plan.

Of the seven projects, one is a social housing project and the remaining six are commercial. They are located in various districts across Hà Nội, including Thường Tín, Đống Đa, Nam Từ Liêm, Thanh Xuân and Long Biên

The decrease in agro-forestry-aquatic product export revenue was attributable to impacts of the global economy which is forecast to slow down this year, the Russia-Ukraine conflict, and inflation surges in some countries, MARD said. 

This credit package is carried out by four State-owned commercial banks, Vietcombank, Agribank, BIDV and VietinBank, with annual interest rates from 8.2 to 8.7 per cent. This programme has been implemented since April 1, 2023.

Shares fell slightly on Friday and liquidity dropped compared to the previous session, showing increasing investor caution about the market outlook.

The Ministry of Construction’s Inspectorate has completed inspections for five localities and found several violations related to the management and use of maintenance fees for condominiums.

There remains ample room for expanding bilateral cooperation between Việt Nam and Luxembourg in trade and investment amid the global financial turmoil, said the Minister of Industry and Trade.

The volatility and uncertainties of the stock market, lower liquidity and risk-off sentiment were attributed to the losses.

Vecom forecasts Việt Nam’s e-commerce market will increase by 25 per cent to US$20 billion by year end.

GDT would urge and speed up the implementation of electronic invoices with the tax agency's code initiated from cash registers nationwide in the coming time, said Phạm Quang Toàn, head of the GDT's IT Department.

The US remained the largest importer of Vietnamese goods, net importing around $24.4 billion in the period.

According to the Ministry of Finance, if VAT is reduced by 2 per cent for all goods and services within six months, the total tax reduction will be about VNĐ35 trillion (US$1.5 billion) in support of people and businesses to overcome difficult times.

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) opened the first trading session after a long holiday on a negative note.

The average electricity retail price was raised from VNĐ1,864.44 per kWh to VNĐ1,920.37 (excluding value-added tax), starting from Monday, which provided the basis to increase the retail prices of electricity for daily life and production.

Listing plans of most companies are being slowed down in the context of unfavourable market movements and poor business performances, some even withdrawing their listing documents.

VNDirect Securities Corporation said that the profit of the whole market decreased slightly by 2.6 per cent year-on-year.

The PCI, the result of a long-standing collaborative effort between Việt Nam Chamber of Commerce and Industry and the US Agency for International Development, is designed to assess provincial economic governance, the ease of doing business, and administrative reform efforts by provincial governments in Việt Nam to boost private sector development.