Việt Nam News

The State Bank of Việt Nam (SBV) plans to seize four weak commercial banks in a move aimed at strengthening the country's banking system.

Shares are forecast to correct as selling pressure at the resistance area of 1,040-1,045 points will continue to suppress the market in the next sessions, said analysts.

Reports from a number of commercial centres and supermarket chains in the city show that spending on essential consumer goods during this holiday increased two or three times compared to normal weekdays.

Vietnamese Minister of Foreign Affairs Bùi Thanh Sơn hosted a reception in London on May 5 for Vice President Global SHE and Sustainability at AstraZeneca Juliette White and attended a ceremony to announce its investment worth US$50 million to restore forests and landscapes in Việt Nam.

The Vietnamese Embassy in Italy showcased Việt Nam’s fruits, vegetables and spices at the 40th Macfrut international trade fair in Rimini city in the Emilia Romagna region last week, within the framework of the Vietnam-Italy Year 2023.

The Viet – Smart Travel Card was officially launched by Tourism Information Technology Centre (TITC) under the Vietnam National Administration of Tourism on Friday.

Market liquidity on the Ho Chi Minh Stock Exchange (HOSE) improved significantly in April, with average trading volume and value per session up by 24.6 per cent and 21.4 per cent over the previous month to 641 million shares and VNĐ11.12 trillion (US$474.25 million), respectively, the southern bourse reported.

China’s BYD Co. Ltd. plans to invest in a factory specialising in tablet computer production, while Japan’s Erex Co. Ltd. will invest in biomass power in Việt Nam.

After a sluggish GDP performance in the first quarter this year, Việt Nam is still not out of the woods yet. In particular, it has not seen the light at the end of the tunnel on the trade front, according to HSBC’s report.

Due to falling demand, communication and technology (ICT) firms had to sacrifice profits to stimulate demand as well as promote other product segment to compensate for the losses.

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.