Pouring VND200 trillion (US$8.38 billion) into the economy within a month will not be easy to accomplish, experts say, due to the limited timeframe and difficulties in mobilizing money. The State Bank of Vietnam (SBV) increased the credit quota from 14% to 15.5-16% this year, which means VND156-200 trillion in …
Read More »Pumping $8 billion into the economy a challenging task, analysts say
Pouring VND200 trillion (US$8.38 billion) into the economy within a month will not be easy to accomplish, experts say, due to the limited timeframe and difficulties in mobilizing money. The State Bank of Vietnam (SBV) increased the credit quota from 14% to 15.5-16% this year, which means VND156-200 trillion in …
Read More »South Korean TV brands dominate Vietnam market
South Korean TV manufacturers Samsung and LG account for more than 50% of Vietnam’s market share, ranking first and third place respectively. Samsung leads with a 35-40.5% share of the market for each month between October last year and this year, according to Thanh Nien newspaper quoted a report by …
Read More »Two-thirds of blue chips close in green
Vietnam’s benchmark VN-Index rose 0.91% to 1050.53 points Thursday with 20 out of 30 blue chips in the green. The index closed 9.51 points higher after losing 7.67 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 10.02% to VND15.45 trillion ($649 million). The VN-30 …
Read More »Tien Nguyen wins ‘Influencer of Year’ title at Harper’s Bazaar awards
Tien Nguyen, Vice President of Luxury Fashion Development at DAFC, was honored “Influencer of the Year” at Harper’s Bazaar Star Awards. The Harper’s Bazaar Star Awards 2022 ceremony was held on November 30 at the Military Zone 7 Stadium in Phu Nhuan District, Ho Chi Minh City. Tien, officially known …
Read More »Air tickets nearly sold out for Tet as travel demand picks up
Though there’s around one month left until Tet, air tickets to many destinations for Vietnam’s biggest holiday are nearly sold out, with prices for remaining seats double the norm. After knowing the government’s official announcement about the upcoming Tet holiday break, Minh Hanh, who lives in HCMC, started searching for …
Read More »Airbus seeks to supply helicopters to Vietnam
Airbus is seeking to expand its aerospace partnership with Vietnam and increase helicopter sales as it sees rising demand for military use and oil exploration. The company realizes the potential of Vietnam’s aerospace industry, Johan Pelissier, Airbus general manager in charge of defense and aerospace for the Asia-Pacific region, told …
Read More »Dollar inches up
The U.S. dollar gained over the Vietnamese dong marginally at several banks Thursday morning but dropped on the black market. Vietcombank sold the dollar at VND24,060 Thursday, up 0.17% from Wednesday. TPBank increased the rate by 0.02% to VND24,200. Eximbank kept the rate unchanged at VND24,020, and Techcombank maintained it …
Read More »Gold prices drop marginally
SJC gold prices fell 0.15% to VND67 million ($2,805.70) per tael Thursday morning. Gold ring prices gained 0.19% to VND54 million. A tael equals 37.5 grams or 1.2 ounces. Gold prices were little changed in early Asian trade on Thursday, after bullion jumped more than 1% in the previous session …
Read More »Novartis sponsors expert talkshow to raise breast cancer awareness
The talk show “Spread the Belief Program”, organized by HCMC Oncology Hospital with Novartis’s support, has helped the audiences answer basic questions about breast cancer. Breast cancer ranks first among the most common cancers in women in the world and Vietnam. According to Global Cancer Statistics 2020, more than 2.2 …
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