On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index plunged 22.83 points, equivalent to 1.82 per cent, to 1,231.81 points as the VN-Index witnessed its third consecutive day of significant drops. A Vietnam Airlines ATR-72 aircraft. The national airline’s stock hit the lower limit once again, marking a …
Read More »Central bank works to ensure macroeconomic stability, inflation control
The central bank said credit growth rate and credit structure will be managed appropriately to meet the capital needs of the economy, contributing to controlling inflation and supporting economic growth. Photo courtesy of SBV HÀ NỘI — The State Bank of Vietnam (SBV) will manage interest rates in accordance with …
Read More »Zero per cent dollar-denominated deposit interest rate needs to stabilise forex market
The SBV applied a dollar-denominated deposit interest rate cap of 1 per cent per year for organisations in 2010 and 3 per cent per year for individuals in 2011. The caps were gradually adjusted down to zero per cent from the end of 2015. A bank teller counts the …
Read More »Fuel businesses and consumer rights must go hand-in-hand
Fuel prices remain a thorny issue for regulators, mainly on how to calculate retail prices with the Ministry of Industry and Trade (MoIT) saying the central government does not want to impose pricing, but it will take actions to ensure consumer rights are protected. People top up their motorbikes at …
Read More »Việt Nam’s seaports have rare opportunities
Seaport congestion in Singapore is affecting the global supply chain, forcing many shipping lines to open new routes to other ports in the region. This is a rare opportunity for Vietnamese seaports to attract more shipping lines around the world. The Cái Mép-Thị Vải port in Bà Rịa-Vũng Tàu …
Read More »Vietnamese enterprises attend 8th China-South Asia Expo
More than 60 Vietnamese enterprises are taking part in the 8th China-South Asia (CSA) Expo and the 28th Kunming Import and Export Fair which opened in Kunming city, Yunnan province of China on Tuesday. The kiosk of Việt Nam at CSA Expo in Kunming City, Yunnan. — VNA/VNS Photo BEIJING …
Read More »Vietnamese lychee sold well in Australia
The wholesale price of the Vietnamese fruit at Costco stores in Adelaide city is 18.99 AUD per kilo, while the retail price via electronic platforms in Sydney and Melbourne is about 35 AUD per kilo. Consumers try Vietnamese lychee at a Costco store in Adelaide, Australia. — VNA/VNS Photo HÀ …
Read More »Durian exports expected to top $3 billion this year
Việt Nam harvests durian all year round, which is a competitive edge for the country’s businesses. Workers package durian for export to China at a plant in Đồng Nai Province. — VNA/VNS Photo HÀ NỘI — Durian exports may surpass US$3 billion in 2024, according to Đặng Phúc Nguyên, General …
Read More »Vietjet, Rolls-Royce team up to power new wide-body A330neo fleet
The Trent 7000 is a modern and new-generation engine developed by Rolls-Royce focusing on environmental protection and sustainability. Vietjet CEO Đinh Việt Phương (front, left) and Rob Watson, President, Rolls-Royce-Civil Aerospace (front, right) sign the agreement for 40 Trent 7000 engines and TotalCare engine service. — Photo courtesy of Vietjet …
Read More »Dollar remains steady against dong
The U.S. dollar was stable against the Vietnamese dong Wednesday morning. Vietcombank maintained its dollar-selling rate at VND25,477. The greenback was also stable at VND25,700 on the black market. The State Bank of Vietnam’s reference rate was unchanged at VND24,264. The dollar has increased against the dong by 4.24% since …
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