Việt Nam News

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.

The aviation market in Việt Nam is vibrant and recovering with the number of international visitors increasing five-fold, according to experts.

The State Securities Commission (SSC) is closely monitoring the developments of the economic - political situation, assessing the influence on Việt Nam's stock market in order to promptly take appropriate solutions aimed at stabilising the domestic stock market, said a representative of SSC.

The Vietnam International Premium Products Fair will be held again in HCM City after being delayed due to the COVID-19 pandemic.

Markets experienced the worst performance since March 2020 last week due to strong selling pressure. Experts said that with the current conditions, downside risk is still dominating the market. 

Results of co-operation between the Ministries of Planning and Investment, as well as the Cooperation Committees of Laos and Việt Nam in recent years have made important contributions to the development of the two countries’ relations, Lao Minister of Planning and Investment Khamjane Vongxa said on Friday.