The continued downturn
Industrial production decline, import-export slump, and negative indicators from the purchasing managers index (PMI) are pointing to a prolonged economic slowdown in the second half of 2023. Negative signs A report by the General Statistics Office (GSO) indicates a decline in industrial
More loosening on the horizon?
While interest rate cuts have yet to have a strong positive impact, tough access to capital and stagnant cash flow have yet to be addressed. Therefore, many are of the opinion that money supply needs to be loosened. Ample forex supply The first five months of this year saw a trade surplus of up to
Credit growth sparks concerns
The State Audit Office of Vietnam has issued a warning that credit growth in high-risk areas exceeded overall growth in 2022, and the credit-to-GDP ratio now poses potential risks. What do these facts signify and why is it concerning? Credit in high-risk areas In the 2022 report recently submitted
Which stocks to buy in June
The recent improvements in trading volume may aid the VN-Index, the benchmark stock index, in breaking the resistance zone of 1,080-1,100 points and continuing its rise in June. This indicates the resurgence of institutional investors, hedge funds, and private equity firms in the stock market.
Bright outlook for energy sector
The recently approved national power development plan VIII, covering the period 2021-2030 with a vision to 2050, has brought positive news to the energy industry and caught the attention of stock investors. Promoting the use of renewable and gas-fired energy while reducing coal-fired power is a
Indonesia massively imported Vietnamese agricultural products, increasing by 1520%
A country in Asia is buying many Vietnamese agricultural products in the first 5 months of this year. In particular, this country also spends about 16 times more money than last year to buy Vietnamese rice.
Work begins on Chau Doc-Can Tho-Soc Trang Expressway
HCMC – Three Mekong Delta provinces and Can Tho City held simultaneous groundbreaking ceremonies for four components of the Chau Doc-Can Tho-Soc Trang Expressway this morning, June 17. The ceremony for the expressway section in Chau Doc City, An Giang Province, was attended by Prime Minister Pham
Government urges swift resolution to electricity shortage in June
HCMC – The Government Office has released documents highlighting the outcomes of the meeting on measures for maintaining macroeconomic stability, with a strong focus on the urgent need to completely address the electricity shortage in June 2023. The Government Standing Committee has instructed the
Central bank lowers interest rate caps
HCMC – The State Bank of Vietnam (SBV), the country’s central bank, has once again lowered the maximum deposit interest rate for tenors below six months, the second reduction within nearly a month. Effective from June 19, the new cap for deposits of six months or shorter will be lowered by 0.25
Wind farm project in HCMC proposed for inclusion in national power plan
HCMC – The HCMC Department of Industry and Trade has thrown its support behind a proposal for including an offshore wind farm project in Can Gio District in the National Power Development Plan VIII. In a recent document sent to the HCMC People’s Committee, the Department of Industry and Trade
Hanoi City to inspect foreign businesses and investment projects
HCMC – The Department of Planning and Investment of Hanoi City is set to inspect foreign investment projects and foreign-invested enterprises in the city this year. As per the plan, a total of 64 projects and 17 foreign businesses will be subject to examination in the near future, as reported by
HCMC to build new bridge across Saigon River
HCMC – The HCMC Department of Transport has proposed that the municipal People’s Council approve the investment policy for a new bridge across the Saigon River at a council meeting scheduled for next month. The proposed Thu Thiem 4 bridge project, including the approach roads, would begin at the
