An investor watches her phone’s screen in front of an e-board. The market would find support during retracements and has the potential to surpass the 1,130 point barrier at the start of 2024, moving towards the 1,150 point level to assess supply. VNA/VNS Photo HÀ NỘI The VN-Index is projected …
Read More »Việt Nam’s top 10 economic highlights of 2023
A wind power plant in Ninh Thuận Province. — VNA/VNS Photo Huy Hùng HÀ NỘI — The Vietnam News Agency has selected the top ten noteworthy events that shaped the country’s economic landscape in the year 2023. 1. Việt Nam emerges as a beacon of economic recovery The Vân Phong …
Read More »International Version of LGBTQ+ Dating App Blued Unveils Upgrade to Online Community HeeSay
MANILA, PHILIPPINES – Media OutReach Newswire – 2 January 2024 – Blued, the LGBTQ+ social frontrunner, upgraded its international version to an online community HeeSay. International Version of LGBTQ+ Dating App Blued Unveils Upgrade to Online Community HeeSay Apart from the original dating and matchmaking feature, HeeSay also offers an …
Read More »Chinese tourist tricked after buying cheap tour package to Southeast Asia
The story of a Chinese tourist who bought a cheap tour package to Southeast Asia and was kidnapped for three years recently went viral on Chinese social media. The victim, identified as only Zhang, said he wanted to share his story to warn people to be careful while buying tour …
Read More »Money recovered from massive Vạn Thịnh Phát bond fraud to be returned to rightful owners: Govt
An SCB branch in HCM City’s District 3. Trương Mỹ Lan, chairwoman of Vạn Thịnh Phát, owned a 91.5 per cent stake in SCB and obtained loans worth VNĐ545 trillion from it using a network of over 1,000 affiliated companies. HCM CITY — The police are scouring the country …
Read More »Should I wait until I have a large savings account before investing?
The expert stresses the importance of investing early as the financial market does not require a large amount of starting capital, but rather skills and experience. Question from reader Hien111: I am 26 years old and working at a company for a monthly salary of approximately VND10 million (US$400). I …
Read More »Public debt well below cap
Vietnam recorded a public debt of VND3.8 quadrillion ($156.57 billion), or 37% of GDP, way below the National Assembly’s 60% cap. Government debt was at 34% of GDP, below the 50% cap, which the government considers positive, with an increase in domestic debt ratio (to 71%) and a decline in …
Read More »Stock market cap over 50% of GDP
Vietnam’s stock market capitalization totaled $240 billion last year, equivalent to 56.4% of the country’s GDP. The government aims to make Vietnam’s stock market equivalent to 100% of its GDP by 2025 and 120% by 2030. Vietnam’s benchmark VN-Index went through a turbulent year in 2023. It surged in the …
Read More »Banks struggle to entice borrowers despite slashing interest rates
Banks are offering loans interest-free for the first month and unsecured loans through credit cards to attract borrowers, but are still finding it hard to attract borrowers. As of Dec. 13 banks’ credit for the year had grown by 9.87% as against a target of 14.5% for the full year. …
Read More »Property market to rebound in mid-2024
The property market is expected to commence its rebound from mid-2024, but robust and sustained strength will not materialize until the third quarter of 2025, said experts. In its latest report on the market, real estate research company and buying-selling platform Batdongsan said the “turning point” for the market would …
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