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Wednesday, July 6, 2022

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Bank deposits surge as interest rates rise

HCMC – Deposits at local banks have soared as interest rates have inched up. Data from the State Bank of Vietnam (SBV) showed that in...

Vietjet launches more Hanoi-Japan services

HCMC – Local low-cost carrier Vietjet Air has opened two direct routes linking Hanoi with Nagoya and Fukuoka in Japan, giving passengers more travel...

Work on Beltway No. 3 in HCMC area to begin earlier than planned

HCMC - At least 70% of land to be cleared for Beltway No. 3, which will link HCMC, Dong Nai, Binh Duong and Long An,...

Has the bad news clearly reflected the stock market?

High inflation caused by rising costs and a shortage of input materials cannot be resolved by increasing interest rates. Moreover, getting inflation under control...

If recession should occur

Following the updated forecasts by some influential institutes like the World Bank, the International Monetary Fund, and the Organization of Economic Cooperation and Development,...

The race to hike interest rates is on

Savings interest rates are on the rise and likely to go up further in the coming months. Adding 0.5-1 percentage point per annum to the...

It’s time to cut fuel taxes to boost the economy

Battered by the fourth wave of Covid-19, Vietnam’s economy is now facing an uphill battle to cope with rising prices of fuels and input...

500 tons of Vietnamese rice exported to Europe

CAN THO – Some 500 tons of rice under the “Com Vietnam Rice” brand of the Loc Troi Group has been exported to Germany,...

An Cuong Wood cuts deal with Japanese firm to provide products in U.S.

HCMC - An Cuong Wood Working JSC on July 1 concluded a cooperation agreement with Sumitomo Forestry American, a subsidiary of Japan-based Sumitomo Forestry...

Local fuel prices inch down after seven straight price hikes

HCMC – Domestic gasoline retail prices have been revised down by VND110-410 per liter after seven consecutive hikes, according to an announcement jointly issued...

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