Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
SBV takes more actions to stabilise foreign exchange rates
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Gov’t to promulgate direct power purchase mechanism in April
Prime Miniter Pham Minh Chinh has urged the Ministry of Industry and Trade to submit a mechanism for direct power purchase for issuance before April 30, 2024.
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
Vietnam - an enticing destination for foreign investors: IMF expert
Vietnam is an attractive destination for foreign investors thanks to its high, stable growth, large domestic market and young, well-educated human resources, said Paulo Medas, head of the International Monetary Fund (IMF) team to Vietnam at the Annual Meetings of the IMF and the World Bank Group (WB) held recently in the US.
Majority of credit institutions forecast profit growth in 2024
A total of 86.2% of credit institutions expect their profit this year to grow compared to 2023, according to the latest survey of the State Bank of Vietnam (SBV).
FDI flow into garment and textile sector bounces back
The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
Vietnam becomes biggest rice supplier for Singapore
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
Factors influencing Vietnam’s FMCG market
Economic outlook, demographic transformation and changing consumer trends are among macro shifts reshaping Vietnam’s fast-moving consumer goods (FMCG) landscape, according to marketing data and analytics company Kantar Worldpanel.
Construction starts on final sub-project of North-South Expressway
Construction of the Huu Nghi-Chi Lang Expressway, the final sub-project of a mega project to build the eastern wing of the North-South Expressway, began at a ceremony in the northern border province of Lang Son on April 21, with Prime Minister Pham Minh Chinh attending.
Vietnam an attractive destination for electronics, semiconductor investors: Official
Vietnam has strong infrastructure and research and development incentives as well as a skilled workforce, making it an attractive for “eagles” worldwide in the electronics and semiconductor industry, according to Deputy Minister of Planning and Investment Tran Duy Dong.
Localities get ready for fourth FDI boom
As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
PM asks for sufficient power supply under any circumstances
Prime Minister Pham Minh Chinh on April 20 asked ministries, sectors, agencies, localities, and businesses to make forecasts on the situation and prepare response plans to ensure sufficient power supply for production and daily activities under any circumstances.
Trade fair promotes collective and cooperative economic sectors
A trade fair on boosting collective and cooperative economic sectors in the Northern region was launched by the Vietnam Cooperative Alliance at Tran Nhan Tong Walking Street and Thong Nhat Park in Hanoi on April 18.
Noi Bai named among world's 100 best airports
Noi Bai International Airport ranked 96th out of the world’s 100 best airports, jumping 31 notches from 2023, according to Skytrax.