Việt Nam News

The Greece-flagged Maran Gas Achilles ship will transport 70,000 tonnes of LNG from Bontang port in Indonesia to Thị Vải LNG warehouse in southern Bà Rịa-Vũng Tàu province.

German businesses in Việt Nam are more confident about growth and have positive expectations about the country’s economic growth than they did in autumn 2022, according to a biannual survey.

The Singapore Regional Business Forum (SRBF), which includes Platinum Sponsor Việt Nam Technological and Commercial Joint Stock Bank (Techcombank), has attracted great attention from Singapore's leading partners and businesses, especially fintech companies looking for new business opportunities in Việt Nam and those who are playing a key role in the digital economy.

It doesn't matter if a ceiling of 5.0 or 3.0 per cent would be imposed. All that matters is that credit institutions are obliged to disclose who is pulling their strings.

With the expectation that deposit interest rates will continue to fall in the coming quarters while corporate profits begin to recover, brokerages forecast that the Vietnamese stock market will be uplifted in the second half of 2023.

Given the massive warehousing demand fueled by e-commerce, coupled with the outstanding advantages of modern good-grade infrastructure in prime localities, multi-storey facilities are forecasted to develop strongly in Việt Nam in the coming years, experts said.

The nation is relying more on coal power this year due to water shortages at hydro-electric dams across, leading to a 10-15 per cent increase in goal demand.

The State Bank of Việt Nam has cut policy rates four times to reduce the commercial banks' lending interest rates for home buyers as well as businesses.

The overall market absorption rate is just 11 per cent, equivalent to more than 2,700 transactions, in the first quarter this year, down more than 50 per cent compared to the same period last year.

Singapore is the 2nd largest investor out of 143 countries and territories investing in Việt Nam with more than 3,200 projects and US$73.4 billion of registered capital.

The banking giant's shares surged nearly 4.3 per cent to the sesion high of VNĐ105,000, which is also its highest close set in June 16.

The Lao Government and AMI Renewables Quảng Bình Investment Corporation on Thursday in Vientiane signed an agreement to develop a wind power plant project with total investment capital of more than US$2 billion.

Prices of local agricultural products such as rice, cassava and pork are in bullish trend and hit the peaks due to the El Nino phenomenon.

Due to impacts of the COVID-19 pandemic and the world situation, SMEs have suffered from declining orders, struggling sales, and high input costs, which have affected their revenue as well as jobs and income for workers, the association reported.

The rice industry expects to gain an output of 43.11 million tonnes this year. Rice exports are expected to reach around 8 million tonnes in 2023, worth more than $4 billion.

"Vietnamese retail market grew about 100 times in the past 20 years. It is an attractive business destination with a high portion of the young population, who love Korean food, K-pop and K-drama," a Lotte Shopping official said, as cited by The Korea Times.

The communications and information sector earned a revenue of more than VNĐ1.6 quadrillion (US$69 billion) so far this year, a drop of 8.66 per cent against the same period last year

The PM instructed the Ministers of Agriculture and Rural Development, Industry and Trade, and Foreign Affairs and chairpersons of the people’s committees of provinces and centrally-run cities to focus on carrying out measures to step up rice production and exports.