Zombie work phenomenon
Having no objectives for their jobs or future orientation, working with moderate effort, establishing no connections with colleagues and managers, making no progress, and being unwilling to learn new things are among the signs of the “zombie” phenomenon. This phenomenon is becoming increasingly
The efficiency of the policy rate cuts
The recent moves by the State Bank of Vietnam (SBV) to cut policy interest rates are expected to give a much-needed boost to the economy and enterprises. However, some are of the view that these moves have limited impact under the current circumstances. Drastic interest rate cuts Less than two
Yet to hit bottom
There is still a long way to go before the Vietnamese economy can expect a significant rebound, according to HSBC experts. While the economy showed some weaknesses, Vietnam’s services sector emerged as a bright spot, partially offsetting the overall situation. Retail sales in May increased by
Woes persist despite interest rate cut
Contrary to expectations, the stock market has remained lackluster since the State Bank of Vietnam (SBV) lowered key interest rates in late May. U.S. debt factor The SBV announced its decision to cut policy interest rates again on May 23, marking the third rate reduction since mid-March. But that
Vietnam set to begin work on four major road projects next week
HCMC – The Government has given the go-ahead to the commencement next week of construction work on four major road projects in southern Vietnam. Prime Minister Pham Minh Chinh has chosen June 17 as the start date of construction of an expressway connecting Chau Doc City (An Giang Province), Can
Vietnam wants stronger agro-fishery exports to China
HCMC – The Vietnamese Ministry of Agriculture and Rural Development is actively working toward enhancing trade cooperation with China to boost the country’s exports of agricultural produce. Discussions have been held recently with the authorities of China’s Guangxi Zhuang Autonomous Region and
HOSE reports 2022 revenue of nearly VND2 trillion
HCMC – The Hochiminh Stock Exchange said in its 2022 financial statement that it generated VND2,508 billion in revenue, a 23% decrease against the previous year. Its 2022 expenses dropped 20% to VND562 billion, resulting in a pre-tax profit of VND1,946 billion, which was still 23% below the
HCMC real estate market shows signs of improvement: experts
HCMC – Local experts are hopeful for a potential but gradual rebound of the real estate market in HCMC. Since May, the outlook for the city’s housing sector has brightened due to three interest rate cuts by the central bank and policy responses from the Government, according to the Vietnam News
Government urges nationwide power savings
HCMC – In response to severe electricity shortages in the north of the nation, the Government is calling upon households and companies to take energy-saving measures. Deputy Prime Minister Tran Hong Ha recently signed a directive aimed at enhancing electricity savings in the 2023-2025 period and
NA deputies back new special mechanism for HCMC
HCMC – HCMC, as a special-class city, requires corresponding policies, according to the National Assembly (NA) deputies. The NA General Secretary, Bui Van Cuong, said that HCMC has the largest population and the highest economic growth in the country, contributing 27% to the State budget revenue
Car sales may remain lackluster despite fee cut: Finance Ministry
HCMC – The Government has approved a proposal to reduce the registration fee for domestically manufactured automobiles by 50%. However, the Ministry of Finance has predicted that the fee cut may not have the desired impact. The Ministry of Finance, along with relevant agencies, has been tasked
Vietnam’s e-commerce exports may hit VND296 trillion by 2027
HCMC – The rapid growth of global e-commerce presents a valuable opportunity for Vietnam to tap into foreign markets, with the nation’s e-commerce exports projected to reach VND296.3 trillion by 2027. Research conducted by Access Partnership highlights that micro, small, and medium enterprises
