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Central bank confident about credit growth this year

Vietnam News Economy - Tue, 10/08/2024 - 08:11
The State Bank of Việt Nam is confident about reaching this year's credit growth target, as lending is expected to accelerate in the remaining months on the recovery of production and business, Deputy Governor of the State Bank of Việt Nam (SBV) Đào Minh Tú has said.

Vietjet, CFM International sign agreement for over 400 LEAP-1B engines

Vietnam News Economy - Tue, 10/08/2024 - 08:01
The engines are from two orders previously announced in 2016 and 2018 and the aircraft are scheduled to begin delivery in 2025, Vietjet said in a statement.

HCM City affordable housing supply unable to meet huge demand

Vietnam News Economy - Tue, 10/08/2024 - 07:47
Demand for 50,000 dwellings remains unmet annually in HCM City, leading to pent-up demand, experts said.

Vietinbank to cut auction price of 10 land plots by 14% to recover debts

Vietnam News Economy - Tue, 10/08/2024 - 06:53
State-owned Vietinbank in Phú Quốc is cutting the auction price of 10 land plots on Phú Quốc Island by 14 per cent, lowering the price to VNĐ26 billion (over US$1 million) from nearly VNĐ30 billion, in an effort to recover loans from a borrower.

Party official hosts WEF Executive Chairman in Hà Nội

Vietnam News Economy - Mon, 10/07/2024 - 22:33
Trần Lưu Quang, Chairman of the Party Central Committee's Economic Commission, received visiting Prof. Klaus Schwab, Founder and Executive Chairman of the World Economic Forum (WEF), in Hà Nội on October 7.

Minister proposes 7.6-8% GDP growth target for Q4

Vietnam News Economy - Mon, 10/07/2024 - 17:54
Around 17,700 new businesses were registered in September, bringing the total number of new businesses for the nine months to 183,000.

Việt Nam seeks 7 per cent GDP growth amid challenges

Vietnam News Economy - Mon, 10/07/2024 - 16:43
To address these challenges, the Prime Minister urged relevant ministries and agencies to accelerate public investment disbursement to achieve at least 95 per cent of the plan by the end of the year.

Market starts the week with slight decline

Vietnam News Economy - Mon, 10/07/2024 - 16:29
The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) closed the day at 1,269.93 points, down 0.67 points, or 0.05 per cent, extending its losing streak to a fourth consecutive day.

Domestic property market has only 40,000 licensed brokers

Vietnam News Economy - Mon, 10/07/2024 - 15:54
The association said that the real estate market normally has about 300,000 - 400,000 practising brokers. After the 2023 Real Estate Business Law officially took effect, individual brokers must have certificates.

Gov’t set to implement state-funded $1.2b credit package for social housing

Vietnam News Economy - Mon, 10/07/2024 - 15:48
The Government is set to implement a state-funded credit package valued at VNĐ30 trillion (US$1.2 billion) aimed at enhancing social housing initiatives and replacing the current package that was deemed ineffective.

THACO outlines strategies for green energy vehicle development

Vietnam News Economy - Mon, 10/07/2024 - 15:22
THACO has outlined its strategies to enhance the Vietnamese automotive industry by fostering the development of green energy vehicles, thereby aligning with global market demands.

Deadline extended for updating national IDs in securities trading

Vietnam News Economy - Mon, 10/07/2024 - 14:42
Earlier, under the SSC directive from July, securities firms were required to halt online transactions for investors without updated national identification numbers starting October 1.

Lạng Sơn import-export turnover surges in first nine months

Vietnam News Economy - Mon, 10/07/2024 - 14:39
According to the Đồng Đăng - Lạng Sơn Border Gate Economic Zone Management Board, Lạng Sơn province's total import and export turnover hit US$46.36 billion in the first nine months of 2024, marking a 29.5 per cent increase from the same period in 2023.

Import-export revenue rises over 16 per cent in nine months

Vietnam News Economy - Mon, 10/07/2024 - 14:31
Thirty kinds of goods achieved export turnover of over $1 billion each during this period, accounting for 92 per cent of the total export turnover.

VN stainless steel exports under dual investigation

Vietnam News Economy - Mon, 10/07/2024 - 13:42
Thirteen products from Việt Nam are under anti-dumping and countervailing duty investigation in the US.

More than 178,000 people get jobs in Hà Nội in nine months

Vietnam News Economy - Mon, 10/07/2024 - 12:31
It's an increase of 4.4 per cent compared to the first nine months of 2023.

South Korean tourism spending on accommodation in VN jumps

Vietnam News Economy - Mon, 10/07/2024 - 11:54
South Korean tourism spending on accommodation in Việt Nam surged to 21 per cent of total expenditure in the first half of 2024, representing a jump of over 60 per cent from the previous year, according to the Visa Consulting and Analytics team.

Foreign investors interested in Việt Nam’s LNG infrastructure

Vietnam News Economy - Mon, 10/07/2024 - 08:30
When Việt Nam transitions from carbon-intensive fuels such as coal and oil, to renewables like solar and hydropower, LNG will be crucial in helping the country achieve net zero by 2050

Individual customers' bank savings hit record high

Vietnam News Economy - Mon, 10/07/2024 - 08:05
Individual customers' banking deposits hit a record high of more than VNĐ6.83 quadrillion as of the end of July 2024, newly released data from the State Bank of Việt Nam (SBV) shows.

Five sectors see profit growth reaching up to 1,600% in Q3

Vietnam News Economy - Mon, 10/07/2024 - 07:20
Exports remain a bright spot in the economy, buoyed by positive signals from major trading partners like the US, the European Union and China, with a noticeable uptick in new orders.

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