Việt Nam News

Benchmark indices were riding high on Tuesday as optimistic sentiment lifted stocks across the board.

With Việt Nam-US economic relations having grown steadily, the American business community is very optimistic and working very hard in Việt Nam, according to Virginia B. Foote, President of the Board of the US International Centre.

Deputy Prime Minister Lê Minh Khái held a working session with eight cities and provinces in the Mekong Delta, focussing on supervision, mitigation and progress of public capital disbursement in 2022. 

The Việt Nam Blockchain Association was launched in the capital city on Tuesday, the first official legal entity specialising in the field of blockchain technology.

Prime Minister Phạm Minh Chính had a roundtable with CEOs from world-leading firms and investment funds listed on the New York Stock Exchange (NYSE) during a visit there on May 16.

Prime Minister Phạm Minh Chính had a working session at the New York Stock Exchange (NYSE) on May 16 (local time) as part of the trip to the US.

With the price of a tael of gold in Việt Nam more than US$800 higher than in the rest of the world, local experts say the local regulation of gold prices is unsuitable.

While Việt Nam's economic recovery was gaining momentum, the government must pay more attention to "inflation and heightened risks of weaker global demand and supply disruptions to economic prospects", said a World Bank report on the South East Asian economy for May. 

Prime Minister Phạm Minh Chính met with leaders of global investment firm Kohlberg Kravis Roberts (KKR) and Visa Group in New York, and held phone talks with the Deputy Managing Director of the International Monetary Fund (IMF) during his trip to the US.

The latest interest rate hike by the US Federal Reversal (Fed) will weigh on the global economy, including Việt Nam, but experts expect impacts of the Fed’s move on the country will not be significant.

Members of the Việt Nam Automobile Manufacturers Association (VAMA) sold 42,359 autos in April, up 14 per cent on the month and 40 per cent on the year, according to a recent VAMA report.

Domestic purchasing power has rebounded after a strong decline caused by the COVID-19 pandemic. That rebound has facilitated businesses to step up production and seize new opportunities, experts have said. 

Việt Nam and Laos have promoted cooperation across spheres, with their trade exchange posting substantial growth, benefiting both countries.  

To strengthen food safety, HCM City’s Food Safety and Hygiene Management Board will closely monitor foods sold by retailers to ensure customers buy products with clear origin.

The Organisation for Economic Co-operation and Development (OECD) forecasts that Việt Nam will rise to the second position in Asia, after China, in terms of pork consumption this year.

Benchmark indices were mixed on Monday as rising selling pressure in the afternoon session weighed on the market’s sentiment. 

Prime Minister Phạm Minh Chính received executives of Warburg Pincus and Glenfarne Group in New York on May 15 (US time), as part of his working visit to the US and the UN.

Deputy Governor of the State Bank of Việt Nam, Đào Minh Tú, announced at the Government’s March press conference that credit growth in the first quarter of the year had been 5.04 per cent, much higher than the 2.16 per cent rise in the same period last year.