UK firms report fastest spread of cost pressures on record as inflation fears build again
British companies are seeing cost pressures spread at the fastest pace on record, according to fresh business survey data that has added to concerns over inflation in the UK economy. Reuters reported on 23 April that the latest purchasing managers’ index data showed input-cost growth accelerating
Sainsbury’s warns Iran war could hit shoppers and retailers as costs come back into focus
Sainsbury’s has warned that the conflict involving Iran could put fresh pressure on both customers and retailers, making it one of the more closely watched UK business stories this week. Reuters reported on 23 April that the supermarket expects the crisis to affect consumer spending as well as its
Bank of England expected to hold interest rates through 2026 despite rising inflation risks
The Bank of England is now widely expected to keep interest rates unchanged for the rest of 2026, even as inflation concerns build again. A Reuters poll published on 21 April found that economists expect the Bank to leave Bank Rate at 3.75% at its 30 April meeting and to hold that level through
Two Top Candy Companies May Merge
Mondelez, Owner of Oreo and Cadbury, Reportedly Considering Acquiring Hershey to Create One of the World's Largest Confectionery Companies
Governor Nguyen Thi Hong: The mass withdrawal incident at SCB Bank had a strong impact
In 2023, in addition to the complex difficulties of the world economic situation, the mass withdrawal incident at SCB Bank at the end of 2022 will have a strong impact on liquidity and market psychology in 2023, according to the Governor of the State Bank of Vietnam Nguyen Thi Hong.
Vietnam's GDP grows 5.05%, among the high group, economic scale reaches 430 billion USD
On January 5, the Government held a meeting to summarize the work in 2023 and implement tasks for 2024 between the Government and local administrations. Speaking at the opening of the meeting, Prime Minister Pham Minh Chinh affirmed that in general, the socio-economic situation in 2023 continued
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
Recovery unabated amid uncertainty
2023 looks to be a challenging year for the global economy, with global growth decelerating owing to monetary tightening and the Russia-Ukraine military conflict continuing to weigh on activity. Persistent inflation pressures, and now financial sector problems in the U.S. and Europe, are injecting
Riding on rocky roads
Any hope for improving business conditions by midyear has faded due to dismal demand in main markets and macroeconomic instability. New orders plunge In its first-quarter consolidated financial statement, Century Synthetic Fiber Corporation (HOSE: STK) posted net revenue of VND288 billion,
Vietnam's economy expected to surge 6.5% in 2023: OECD report
The Organization for Economic Cooperation and Development (OECD) predicts that Vietnam's economy will steadily grow, with a gross domestic product (GDP) of 6.5% in 2023 and 6.6% in 2024.
Is it risky to cut interest rates?
Within only two weeks, the State Bank of Vietnam (SBV) has twice cut key interest rates. This move has stirred up concerns among certain observers that the SBV may have made a premature move compared to other central banks’ actions. However, there is a good reason behind the SBV’s move to support
Vietnam’s inflation forecast to reach 4.8% in 2023
HCMC – Vietnam’s inflation rate has been predicted to increase to 3.9-4.8% in 2023, close to the target of 4.5%, as inflationary pressures remain high in the second quarter of this year. The Ministry of Finance presented this forecast at a meeting of the Price Regulation Steering Committee on