Forex rate vs interest rate
Forex rate and interest rate are two major macro variables in the economy, and they alongside inflation take center stage in monetary management. The correlation between the two variables was specially visible in 2022, with the State Bank of Vietnam (SBV) pivoting around each of them in its
Businesses prudent with financial targets
Gloomy business conditions are expected to continue through 2023, reflected in Vietnamese enterprises setting modest financial targets for the year Planning in caution Though PetroVietnam Ca Mau Fertilizer JSC saw a sharp spike in profit after tax in 2022, up 2.3 times against 2021 to over
Trekking to Lung Cung Peak
Lung Cung Peak, with a height of 2,913 meters, is an ideal trekking destination thanks to its pristine beauty and impressive landscape. Lung Cung Peak belongs to Lung Cung Village, Nam Co Commune, Mu Cang Chai District, Yen Bai Province. It is one of the highest mountain peaks in Vietnam. The peak
Fighting against counterfeits
In early November last year, traders in the Saigon Square shopping center in downtown HCMC tidied up their goods, closed their stores and quickly left the mall when a market surveillance force rushed in. Three months later, the shopping center seemed to return to normal. The Office of the United
A distinctive version of An Nhon-style spring rolls
With their distinctive flavor, spring rolls served on a flat winnowing basket (banh cuon tret) in An Nhon Town are a favorite among diners. The name “banh cuon tret” comes from the fact that when the dish is served, all the ingredients, including beef, fresh vegetables and the fried spring rolls,
Trumpet trees blossom in town
Traveling on many streets in HCMC these days, visitors will see the pink flowers of trumpet trees blossom. The flower originating from the Americas, also known as the pink bell flower, was first planted in HCMC in 2009. It has been grown on many roads around town, such as Dien Bien Phu, Ham Nghi,
Can housing tax help prevent speculation?
Vietnam is among nations with the highest house price to income ratios. The fast rise of housing prices in major cities is a big headache for authorities as it aggravates inequality and hinders access to housing by low- and middle-income people. Housing tax is a widely-used measure to control and
Vietnam to have PPP commodity-based group for rice
HCMC – Vietnam has promoted agricultural modernization and investment via a public-private partnership (PPP) commodity-based working group. The Ministry of Agriculture and Rural Development announced a decision to set up Vietnam’s rice PPP working group on March 3 in the Mekong Delta city of Can
Sapa launches summer festival to woo tourists
HCMC – The tourist town of Sapa in Lao Cai Province has launched the Summer Festival 2023 with a series of activities to celebrate the 120th anniversary of Sapa’s tourism. The festival is one of a series of events celebrating the town’s 120th year of tourism, which will take place from March 3 to
Nearly 400 people implicated in vehicle registration cases
HCMC – Charges have been filed against 379 suspects for alleged involvement in violations of regulations at auto registration and inspection centers throughout the country, the Ministry of Public Security said at a Government press conference yesterday. The police in 28 cities and provinces have
PM asks SBV to lower loan interest rates
HCMC – Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), the nation’s central bank, to slash interest rates, make loans more accessible and focus on lending to key economic sectors. This was done at the regular Government meeting held yesterday when PM Chim emphasized the
Over three-fourths of available Covid vaccine doses in HCMC expire
HCMC – HCMC now has over 339,370 Covid-19 vaccine doses in stock, but only 81,800 of them are yet to expire, data from the city’s Department of Health showed. The figures were revealed on March 3, as National Assembly deputies looked into the city’s management of Covid-19 vaccines and