News

$8.5 billion needed for metro line projects in Ho Chi Minh City

The State budget is tight and it is more difficult to access ODA loans, while metro line projects in Ho Chi Minh City need a total investment of VND210.8 trillion ($8.5 billion).

Jan.-Oct. State Budget revenue hits $60.5 bln, beating target by 6.6%

Domestic taxes and import-export taxes brought in VND1,504,773 billion ($60.5 billion), or 106.59% of the year's expected overall number, as of October 31, 2022, according to a State Treasury report.

$16.08 billion needed to upgrade seaport system: workshop

Vietnam will need nearly VND400 trillion ($16.08 billion) to upgrade its seaport system by 2030, heard a workshop held by the Ministry of Transport in Hanoi on November 8.

Vietnam to continue facing difficulties securing fuel supplies, minister ...

Vietnam will continue to face difficulties securing refined petroleum products, its industry and trade minister said on Saturday (Nov 5), as authorities scramble to avert a fuel supply crunch.

Vietnamese purchases 12 tons of gold in the third quarter

Vietnamese consumers purchased 12 tons of gold in the third quarter, increasing 264% year-on-year, according to World Gold Council analysis on trends in global and local gold demand.

Vietnam continues to work to reduce inflation and maintain macroeconomic ...

On November 5, 2022, Prime Minister Pham Minh Chinh stressed that despite the economy's new problems, Vietnam would continue to adhere to its aim to maintain macroeconomic stability and contain inflation.

LS Electric Vietnam relocates its main facility to Bac Ninh to boost ...

LS Electric will complete the transfer of its new factory from Hanoi to Bac Ninh, Vietnam.

Nine-month seafood exports to China jumps over 85%: Ministry

Seafood exports to China climbed by 85.2% in the first nine months of 2022 over the same period of 2021, according to latest data from the Ministry of Agriculture and Rural Development.

Amazon sells 10 million "made in Vietnam" products

Cross-border e-commerce in general, and in Vietnam in particular, continues to expand rapidly with positive signs. Vietnam is at a "golden time" for online exports, according to Amazon Global Selling Vietnam

HSBC hikes Vietnam growth forecast to 7.6%

Lender HSBC has raised Vietnam's growth forecast to 7.6% this year thanks to the country's broad-based recovery and significant improvement in the manufacturing sector.

Vietnam's commercial banks hike short-term deposit interest rates

Several commercial banks have raised deposit rates for terms of one month to less than six months reaching a maximum of 6%/year.

Philippines exempts duties for HDPE pellets from Vietnam

Vietnam's HDPE pellets are not subject to a safeguard duty in the Philippines since it is one of the developing countries that is not included due to the small number of imports.

Vietnam's central bank raises policy rates by 100 bps to combat ...

The State Bank of Vietnam announced on Monday to hike policy rates by 100 basis points, the second rise in a month, to combat inflationary pressures and protect the country's financial sector.

Vietnamese currency falls to record low against dollar

The dong depreciated to a new low against the U.S. dollar Wednesday morning, with state-owned Vietcombank selling the greenback at VND24,620 at 11.30 a.m.

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News

October sees record-breaking rice exports

U.S. removes Vietnam from monitoring list for currency manipulation

M&A deals hit $5.7 bln during Jan-Oct period