Interest rate cut expected to pump economy up
The State Bank of Vietnam (SBV) is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity.
EFTA and Thailand move forward in 5th round of free trade agreement negotiations
Delegates from EFTA – Iceland, Liechtenstein, Iceland, Norway and Switzerland – and Thailand convened in Oslo from June 13 to 16 2023 for the fifth round of negotiations towards a comprehensive free trade agreement.
Vietnam pangasius exports in the first 4 months of 2023 recorded negative growth in many markets
In the first 4 months of 2023, Vietnam pangasius exports brought in nearly 570 million USD, down 41% compared to the same period last year. The world market is still heavily affected by inflation and economic slowdown, causing a decrease in seafood consumption demand, leading to a decrease in the
Chinese increased demand boosts Vietnam's durian exports
Vietnam’s durian export value reached more than US$500 million in the first five months, an increase of more than 18 times against the same period last year.
Indonesia sharply increases agricultural imports from Vietnam
So far this year Indonesia has imported 15 times the rice it did from Vietnam last year and nearly triple the coffee due to unfavorable weather.
Banks redeem bonds before maturity
HCMC – Many local banks have bought back their bonds before maturity while others have launched new bond issues this month, according to the Thanh Nien news site. VietinBank has recently redeemed VND800 billion worth of bonds which were issued on June 13, 2018 at a face value of VND1 billion each.
Gov’t removes condo ownership time limit from draft law
HCMC – The Government has agreed to remove the time limit on apartment ownership from the draft of the revised Law on Housing, according to the construction minister. Speaking at the NA’s sitting today, June 19, Minister of Construction Nguyen Thanh Nghi acknowledged that setting a duration for
Momo and ZaloPay dominate cashless payments in Vietnam
HCMC – MoMo and ZaloPay e-wallets accounted for the highest share of the Vietnamese e-wallet market in the first quarter of this year, with 68% and 53%, respectively, according to a Connected Consumer report. The report also highlighted other popular e-wallets such as ViettelPay, ShopeePay, VNPay,
Vietnam’s first batch of lychees arrives in UK
HCMC – Vietnam’s TT Meridian has sent the first shipment of seedless lychees to the UK, which arrived in the Western European market on June 16, the Vietnam News Agency reported. This is the fourth Vietnamese specialty fruit to be exported to the UK under the official quota this year after Tan Lac
Ta Dung review details: 15 Amazing experience in the Days of "Escape"
When Mavis Vi Vu Ky told her friends about a "terrestrial Ha Long Bay " in the Central Highlands, they asked her wide-eyed: "Why does the Central Highlands have a sea? It's even more impossible to have a beautiful place like Ha Long?" So there it is!
5 must-visit museums when coming to Ho Chi Minh City
Coming to Ho Chi Minh City, you must visit these 5 museums; visitors can learn about the cultural and historical imprints and admire the ancient beauty of Saigon.
NA economic committee opposes property trading via exchange
HCMC – The Economic Committee of the National Assembly (NA) has recommended against making it mandatory for real estate products to be traded through an exchange, citing concerns over potentially higher prices and fees. Currently, real estate in Vietnam is not required to be traded through an