A container ship during loading at the Lạch Huyện Port in the northern city of Hải Phòng. VNA/VNS Photo HÀ NỘI Ongoing tension in the Red Sea has hiked freight rates and increased the possibility of delays, warned the Ministry of Industry and Trade. In the latest statement released …
Read More »Forty-two enterprises with capitalisation of over US$1 billion listed on HoSE
Transactions at the HCM Stock Exchange (HoSE). —VNA/VNS Photo HCM CITY — The HCM Stock Exchange (HoSE) has announced that as of December 29, 2023, there had been 42 enterprises with capitalisation of over US$1 billion listed on the HoSE. The Joint Stock Commercial Bank for Foreign Trade of Việt …
Read More »VPS remains leading securities firm on HCM City stock market
Investors look at a digital board displaying stock price movements. — VNA/VNS Photo HCM CITY — VPS Securities Joint Stock Company remained the top stock brokerage last quarter with a 19.9 per cent market share, with SSI Securities Corporation a distant second with 9.78 per cent, according to data …
Read More »Increased caution needed to prevent fraud in international trade
The Chinese market leads in import turnover of Vietnamese agricultural products last year. Photo daidoanket.vn HÀ NỘI Businesses need to be cautious with new information and contact import-export management information focal points to avoid international trade fraud. In the current volatile export situation, many importing countries have introduced stricter import …
Read More »Việt Nam’s business confidence gains traction in Q4 2023 amid challenges: EuroCham report
Garment and textile products are being made for export to the European Union. VNA/VNS Photo HÀ NỘI — Confidence among European businesses operating in Việt Nam is showing signs of resilience, according to the latest Business Confidence Index (BCI) from the European Chamber of Commerce in Việt Nam (EuroCham). …
Read More »Motorbike sales decline in 2023
Members of the Vietnam Association of Motorcycle Manufacturers sold 2.5 million vehicles in the domestic market last year, down 16.2% from 2022. Its five members are Honda, Yamaha, Piaggio, Suzuki, and SYM. They sold 634,688 motorcycles in Q1 of last year, 588,926 in Q2, 610,635 in Q3, and 681,963 in …
Read More »Changing your life by investing in land is a pipe dream
Many individuals, fearing inflation, often pour all their money into land trading with the hope of one day becoming wealthy only to live in constant worry about mounting debt. Until now, we have always thought that putting money into savings or investing in bonds and mutual funds could only yield …
Read More »Pepper exports rise in volume, fall in value
While Vietnam’s pepper export volumes soared by 16.6% to 267,000 tons in 2023, the value dropped by 6% to US$912 million, according to the Vietnam Customs. The average export price of Vietnamese pepper, which constitutes 60% of global supply, dropped by 19.4% from the previous year, to US$3,420 per ton. …
Read More »Government calls for further interest rates reduction
The government has directed banks to lower costs and further reduce loan interest rates in an effort to expand credit access. Despite a decrease of 2 percentage points in loan interest rates from the previous year, Vietnam’s credit growth at 13.71% fell short of the annual target range of 14-15%. …
Read More »VN-Index rises for seven straight days
A woman withdraws cash from a machine of BIDV in Hà Nội. The bank’s shares climbed nearly 4.3 per cent on Monday, lifting the market’s sentiment. — VNS Photo Ly Ly Cao HÀ NỘI — The Vietnamese stock market increased on Monday in line with the short-term uptrend, while foreign …
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