Việt Nam News

The State Bank of Việt Nam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100 per cent-owned bank in Cambodia on the ground of its branch in Phnom Penh.

Deputy Prime Minister Lê Minh Khái hosted a reception in Hà Nội on Tuesday for Anthony Tan, Group CEO and Co-Founder of Grab - a mobile technology company based in Singapore, during which the Vietnamese Government leader urged the company to pay more attention to interest sharing.

Việt Nam’s inflation will be kept around 4 per cent in the second half of the year thanks to many favourable factors.

Rising inflation will have a negative impact on consumer spending, earning growth of retail businesses may not be as high as previously expected, SSI Securities Inc has forecast.

While transport infrastructure in HCM City and provinces in the Southern Key Economic Zone has improved over the years, connectivity remains modest, hampering development, experts said.

The seat occupation ratio on domestic routes in June 2022 of all local airlines reached between 85 per cent and 87 per cent, according to the Civil Aviation Administration of Việt Nam (CAAV).

The Ministry of Finance (MoF) has scheduled to submit a plan on reducing petrol and oil taxes to the National Assembly for approval at its October meeting. 

Shares eked out a gain on the Hồ Chí Minh Stock Exchange on Tuesday thanks to strong growth of energy stocks but caution remains in face of selling pressure.

Việt Nam has one of the newest and most dynamic start-up scenes in Asia, and it has emerged as a hub for start-ups, according to the recently released Emerging Giants in Asia Pacific report.

President Nguyễn Xuân Phúc received World Bank (WB) Managing Director of Operations Axel Van Trotsenburg on Tuesday for discussions on the partnership between the country and the financial institution. 

Prime Minister Phạm Minh Chính hosted a reception in Hà Nội on Monday afternoon for World Bank (WB) Managing Director of Operations Axel van Trotsenburg, during which he affirmed that Việt Nam considered the WB a good friend and important development partner.

The Lao market remains a top destination for many Vietnamese investors as the two countries are neighbours and Laos recognises most quality certifications from exporting countries, according to Lê Thị Phương Hoa, Vietnamese Trade Counsellor in Laos.

The Ministry of Planning and Investment has issued two circulars specifying instructions for handling bidding packages under the UK-Việt Nam Free Trade Agreement.

Despite facing difficulties, the southernmost province of Cà Mau saw remarkable economic growth in the first half and expects to meet its economic growth target of 7 per cent this year.

The AVAFashion family fashion store chain of the retail giant Mobile World has stopped operating only a few months after opening.

Currently, Việt Nam ranks 15th among countries exporting rice to the UK, making up a modest 0.42 per cent of the total import turnover to this country. That means the door is wide open for Vietnamese rice in the market.

A majority of credit institutions (CIs) are optimistic about their business performance in Q3 2022, the State Bank of Việt Nam (SBV)’s latest survey on business trends of credit institutions showed.

The market settled mixed on Monday as rising selling force in the afternoon session weighed on many pillar stocks, especially in the realty sector.