Business

Vietnam’s central bank said on Tuesday it is cutting several policy rates, its first cut since late 2020, to increase liquidity and support economic growth, which the country is targeting at 6.5% this year. The annual rediscount rate, overnight electronic interbank rate, and interest rate for loans to offset capital …

Sabre Corporation, a software and technology provider, recently announced a multi-year renewal of JetBlue’s SabreSonic on the Passenger Service System and Global Distribution System (GDS). Sabre will help JetBlue deliver a more tailored customer experience and capture additional revenue opportunities through its Passenger Service System. JetBlue is adopting several Sabre …

Steelmaker Chairman Le Phuoc Vu said that after three years of pondering what to do with his VND1.6 trillion (US$67.8 million) in shares, he decided to donate his fortune to a non-profit. At Hoa Sen Group’s annual meeting on March 10, Vu renewed his vow to leave the steelmaking company …

Vietnam’s benchmark VN-Index fell 1.20% to 1040.13 points Tuesday on its third straight losing day. The index closed 12.67 points lower after losing 0.2 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 6.93% to VND10.45 trillion ($443.36 million). The VN-30 basket, comprising the 30 …

SJC gold price fell 0.3% to VND67 million ($2,841.39) per tael Tuesday afternoon. Gold ring price gained 0.18% to VND55.15 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices slipped on Tuesday from a more than five-week high, but held just above the key $1,900 …

Newly opened accounts in February increased by nearly 28,000 on-month to January, but they were still low compared to the average level of the past two years, according to data from the Vietnam Securities Depository (VSD). In February, domestic retail investors opened 63,731 new accounts and institutional investors opened 133 …

The U.S. dollar remained stable against the Vietnamese dong Tuesday morning. Vietcombank sold the dollar at VND23,740 Tuesday, same as Monday. Eximbank kept the greenback unchagned at VND23,730. The rate at Techcombank was VND23,790, up 0.06%. The State Bank of Vietnam lowered its reference rate by 0.08% to VND23,618. The …

Vietnam’s economic growth is set to slow down from 8% last year to 6.3% in 2023, the World Bank has forecast, pointing to internal and global headwinds. It said in its latest report: “The near-term outlook remains favorable but subject to risks. Domestic demand is expected to be affected by …

Auto manufacturers are paying half of or all of the March registration fees for their customers’ vehicles to stimulate demand in the sleepy car market. The plan has already led to some decreases in car retail prices, but experts are uncertain if declining sales will recover this year or not. …

Global shipping and logistics provider GAC Group has partnered with SME Logistics Holding to open its first office in Vietnam as part of the company’s expansion in the Asia-Pacific region. The office in Ho Chi Minh City provides shipping, logistics and marine services at ports along the Saigon River to …