Inside a factory of PetroVietnam Cà Mau Fertiliser JSC (DCM). DCM’s net revenue reached VNĐ4.07 trillion in Q1, 2 times higher than the same period last year. VNA/VNS Photo Huỳnh Anh HÀ NỘI – The fertiliser industry’s gross profit margin may decrease after peaking in the first quarter of …
Read More »Market slides on losses of large-cap stocks
A BIDV employee helping a customer to fill in paperwork. The bank shares plunged 3.33 per cent yesterday, leading the bearish trend. Photo vietnamplus.vn HÀ NỘI — The market ended lower on Monday, as strong selling force weighed on pillar stocks across all sectors, with VN Index falling closer to the 1,200-point …
Read More »Vietnamese rice must increase brand recognition in ASEAN
Rice loaded for export. The focus should be placed on building brands for Vietnamese rice and increasing brand recognition to expand export to ASEAN markets. — VNA/VNS Photo Compiled by Mai Linh HÀ NỘI — ASEAN has been a huge potential market for Vietnamese rice, and export firms should have a …
Read More »Chief economists outlook warns of dire human consequences from the fragmentation of the global economy
GENEVA — The World Economic Forum’s Community of Chief Economists expects lower economic activity, higher inflation, lower real wages and greater food insecurity globally in 2022, pointing to the devastating human consequences of the fragmentation of the global economy. Reversing previous expectations for recovery, the majority of respondents to the latest …
Read More »SEA Games attendees enjoy native cuisine, Vietnamese staples
Hotels that hosted SEA Games athletes and other officials carefully prepared dishes fitting the diverse tastes and preferences, but guests also enjoyed Vietnamese specialties to the hilt. At the 31st SEA Games, the men’s football teams in Group B – Malaysia, Laos, Thailand, Singapore and Cambodia – stayed at the …
Read More »6.5 pct GDP growth target a major challenge: Deputy PM
The 6-6.5 percent gross domestic product (GDP) growth target for this year could be a challenge due to rising inflation and global supply chain disruptions, the government has said. The rising prices of imports, especially of gasoline and oil, and of transportation, along with the shortage of workers and disruptions …
Read More »VN-Index starts off week in red
Vietnam’s benchmark VN-Index continued to fall Monday with a 1.77 percent decline to 1,218.81 points, with most blue chips in the red. The index started off in the green but plunged in the afternoon and closed almost 22 points lower after losing nearly one point Friday. Trading on the Ho …
Read More »Gasoline prices surpass $1.3 for the first time
Vietnam gasoline prices set another new record of over VND30,000 ($1.30) a liter Monday, after authorities adjusted them upward for the fifth time in a row. The price of popular gasoline RON 95 and biofuel E5 RON 92 both rose 2.3 percent to VND30,650 and VND29,630, respectively. ($1 = VND23,165) …
Read More »Decree on 2% interest rate support package officially issued
This decree provides interest rate support for loans in Vietnamese đồng arising from lending activities of commercial banks to enterprises, co-operatives and business households. — Photo thoibaotaichinhvietnam.vn HÀ NỘI — The Government has officially issued Decree 31/2022/NĐ-CP on interest rate support from the State budget for loans of enterprises, co-operatives …
Read More »AMRO forecasts Việt Nam’s strong recovery amid external headwinds
Bikes produced at Thống Nhất JSC. AMRO forecasts the Vietnamese economy is expected to grow at 6.3 per cent in 2022. — VNA/VNS Photo Trần Việt HÀ NỘI — Việt Nam’s inflation is expected to be contained below 4 per cent this year while the economy is projected to grow …
Read More »