Việt Nam News

The State Bank of Việt Nam (SBV) is collecting comments on its draft circular to minimise potential risks for non-banking credit institutions and ensure they work in accordance with international standards.

Experts expect investment demand to increase thanks to this year’s public investment projects, boosting the growth of construction and building materials businesses

The VN-Index closed at 1,055.3 points after losing 0.82 per cent. With 463.9 million shares matched on HOSE, liquidity somewhat improved.

Both the six-month and 12-month term rates now stand at 9.3 per cent per year, down from 9.7 per cent and 9.5 per cent per year, respectively.

The development strategy for 2030 and the restructuring project were being completed before being submitted to the Prime Minister for approval, which would pave the way for the foundation of the state investment fund.

The situation could turn around in Q1 as global coffee consumption is expected to pick up on the back of falling inflation worldwide, leading to the recovery of coffee prices.

The GSO attributed the IIP reduction to the Lunar New Year (Tết) holiday which fell in January. Due to the Tết holidy, the number of working days in January was 8-10 days fewer than December and January 2022.

The Brunei minister lauded Việt Nam’s socio-economic achievements and affirmed that the country is among potential partners of Brunei that can help his country with economic restructuring and diversification.

Delegates discussed and proposed new business ideas and opportunities to lift bilateral economic, trade and investment ties, especially in energy and oil and gas.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) is set to maintain strong growth both in scale and quality, a representative of the bank told its Investors Conference while announcing its business results for 2022 in HCM City on February 10

HCM City is ranked among the top markets in the land price category for data centre development, experts said.

Real estate enterprises will continue to face headwinds in 2023 due to challenges related to accessing loans, issuing corporate bonds and mobilising capital, experts warned.

This year's edition will be the first to be held in Việt Nam and feature 250 booths by 150 domestic and foreign firms, COEX said.

The Vietnamese aviation sector is expected to fully recover from the impact of the COVID-19 pandemic by the end of 2023 with an estimated 80 million passengers and 1.44 million tonnes of cargo to be transported by air this year, according to the Civil Aviation Authority of Việt Nam (CAAV).

After a long period of remaining unchanged, the selling prices of construction steel products on the domestic market have increased four times since the beginning of 2023, especially on two consecutive days on January 30 and 31.

The proposal was raised in a draft report on the programme of developing laws and ordinances in 2024, which will be submitted to the Government for consideration.

China’s reopening of borders after nearly three years of lockdowns to combat the COVID-19 pandemic is good news for Việt Nam to increase the export of agricultural products.

Fiin Ratings attributed the banks’ negative results in securities trading and investment to the interest rate hike, the exchange rate uncertainty, the sharp decline of stock indices and the ‘freezing’ of the corporate bond market.