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Hà Nội's economic highlights

Banks upbeat about Q3 2022 business results

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.

VN-Index falls for second day in a row

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

Việt Nam firmly rebounds amid challenges

HSBC Global Research expects Việt Nam to be among the region's top growing nations, as it was one of the world's few countries to record growth in two consecutive years since the pandemic.

Bắc Ninh eyes 270-ha IT park

According to the committee, the planning will set the scene for the establishment of an IT hub in the province and the development of infrastructure for IT application and R&D activities, and accelerate the growth of the IT industry.

International paper, coatings, rubber, and plastic expos attract 150 firms

Four international exhibitions, Paper Vietnam, Rubber and Tyre Vietnam, Coatings Expo Vietnam, and Plastech Vietnam, will be held in HCM City from August 3 to 5.

Databases crucial for businesses development: conference

Making use of internal and external databases is important for researching potential partners and developing businesses activities, especially exporting, a conference has heard.

Standardise bond market to ensure growth of stock and realty market

Corporate bonds are the market's participants' biggest concern at the moment.

As banks hike deposit interest rates, loans set to become costlier

BUSINESS BEAT

Hà Nội launches price stabilisation programme for essential goods in 2022

Hà Nội has just issued a plan on implementing a price stabilisation programme covering essential goods in 2022.

Central bank sold greenback to stabilise forex market

The State Bank of Việt Nam (SBV) has so far this year sold about US$12-13 billion to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).

Ninh Thuận’s farmers link with firms for price, production stability

More farmers in the south–central province of Ninh Thuận are linking with companies to mitigate the risk of price volatility and stabilise production.

Shares to go up after absorbing more supply

Shares are forecast to continue their uptrend after absorbing more supply, said analysts.

Wood exports forecast at $16.3 billion this year

The export of timber and wooden products is forecast to reach US$16.3 billion in 2022, close to the target set at the beginning of the year, according to the Việt Nam Administration of Forestry (VNFOREST).

Digital transformation key for firms to expand export markets: conference

Digital transformation will play a key role in assisting businesses, especially small- and medium-sized enterprises (SMEs), revive and expand export markets post-COVID, experts said.

PM attends investment promotion conference in Hậu Giang

Hậu Giang converges many favourable factors and has great potential and advantages for socio-economic development, especially in agriculture, logistics, energy and tourism, stressed PM Phạm Minh Chính.

$2 billion thermal power plant Sông Hậu 1 in Mekong Delta inaugurated

Prime Minister Phạm Minh Chính remarks that the plant’s operations will help ensure energy security, one of the biggest concerns of the economy right now.

Masan to build $149 million foodstuff centre in Hậu Giang

Vietnamese conglomerate Masan Group Corporation has received permission to invest VNĐ3.5 trillion (US$149 million) in a Foodstuff Industry Centre project in Hậu Giang Province to produce foodstuff and cosmetic products.

Non-sharing mindset holds back digital transformation in tourism

Sector-wide digital transformation has been set in motion for a while but many tourism firms are holding back the process with a reluctance to share data.

Blockchain industry faces talent shortage

A lack of human resources in the booming blockchain industry is one of the biggest problems in developing blockchain projects in the country.

Việt Nam-UK trade expected to reach US$10 billion

The trade revenue between Việt Nam and the UK is expected to reach US$10 billion in the next one or two years thanks to strong support from the Việt Nam - UK Free Trade Agreement (UKVFTA).