Việt Nam News

The State Bank of Việt Nam (SBV) might not increase its policy interest rate in the first quarter of 2023 after the US Federal Reserve (Fed) raised its rate by only 25 basis points last week while the Vietnamese đồng has strengthened against the US dollar, analysts forecast.

Vietjet Air saw an impressive recovery after the COVID-19 pandemic as it recorded a year-on-year rise of 175 per cent in net revenue to VNĐ7.35 trillion (US$313.4 million), and earned profit of VNĐ902 billion in the last quarter of 2022.

Vietnamese companies together with about 1,800 ones from 79 countries around the world are participating in the 11th edition of the world’s largest International Plastics Exhibition, Conference, and Convention - PLASTINDIA 2023 that is taking place at Pragati Maidan, New Delhi from February 1-5.

The association reported that in January, the total export value of aquatic products dropped 31 per cent to about US$600 million, with revenue generated from major markets also falling by 56 per cent in the US market, 55 per cent in China, and 35 per cent in the EU market.

TPBank is due to pay a cash dividend at a rate of 25 per cent instead of a stock dividend like in previous years. This means that shareholders will receive VNĐ 2,500 (US$0.11) per owned share.

Prime Minister Phạm Minh Chính said the Ministry of Industry and Trade should take advantage of the free trade agreements (FTAs) that Việt Nam has joined.

The Ministry of Finance has conducted procedures to adjust and supplement the Government’s Decree 65 regarding the private issuance of corporate bonds, Deputy Minister Nguyễn Đức Chi said at a government regular press conference in Hà Nội on Thursday.

Currently, four undersea cable routes that Vietnamese carriers exploit, including AAG, APG, AAE-1, and IA are experiencing issues, seriously affecting internet connection traffic from Việt Nam.

But it locked a monthly gain in the first month of 2023 on back of foreign investors and strong rallies of financial and industrial stocks. 

Vietnamese coffee businesses are attending Laos’ Bolaven coffee 2023 festival which is underway from February 2-4 in the southern province of Champasak of Laos.

Flight occupancy rates in the days after Tết reached approximately 100 per cent on most routes, 10 per cent higher than in the same period in 2020.

The State Bank of Việt Nam has issued new regulations on cases of purchasing, sending, and bringing foreign currencies abroad for sponsorship and assistance purposes of organisations.

The south-eastern province of Bình Phước is seeking to develop its infrastructure and reform administrative procedures to achieve rapid and sustainable development this decade.

Volatile real estate market caused revenue and profit of realty businesses to decrease sharply in the fourth quarter of 2022.

The food and beverage market is forecast to grow by over 18 per cent this year to VNĐ720 trillion (US$31 billion).

According to MoIT, shorter price cycles are better at keeping domestic prices closer to the global oil prices, even during holidays (except Tết) to minimise the risk of market disruptions.

Agriculture plays a pivotal role in the economies of Việt Nam and the Netherlands and is deeply imprinted in the culture and people of the two countries, the diplomat told Đầu tư (Vietnam Investment Review).

The VN-Index edged up slightly on Thursday despite two-thirds of shares dipped in the red, driven by growth of heavyweight shares.