Vietnam’s forex reserve sets new record Business

Vietnam’s forex reserve sets new record

Vietnam’s foreign exchange reserve has hit a new record high of 92 billion USD, a significant expansion from 84 billion USD which Governor of the State Bank of Vietnam Le Minh Hung revealed in April.
HCM City accelerates disbursement of public investment capital Business

HCM City accelerates disbursement of public investment capital

Ho Chi Minh City had disbursed nearly 21.28 trillion VND (920 million USD at current exchange rate) of public investment capital as of August 23, fulfilling 50.5 percent of the assigned capital this year, the city’s Department of Planning and Investment reported.
Vietnam’s CPI index goes up slightly in August Business

Vietnam’s CPI index goes up slightly in August

Vietnam’s consumer price index (CPI) slightly went up 0.07 percent month-on-month in August due to the impacts of heavy rainfalls nationwide and rise in domestic rice and education service prices, reported the General Statistics Office on August 29.
Domestic gold prices hit new record high Business

Domestic gold prices hit new record high

Domestic gold prices kept soaring this morning to pass the historic high on July 6, reaching 50.32 million VND (2,172 USD) per tael (1.2 ounces). The prices of the yellow metal went up in the global market.
Equity market draws back investors Business

Equity market draws back investors

Foreign investors are edging back into emerging markets like Vietnam on hopes the recent significant recovery of the equity market will reassure those hoping to capitalise on stronger economic growth in the emerging world.
Gov’t urged to be given more power to draw investments Business

Gov’t urged to be given more power to draw investments

National Assembly deputies continued discussing a report on supplementary assessment of the implementation of the legislature’s resolution on socio-economic development and State budget plans for 2019, as well as socio-economic performance in early 2020, during a plenary session on June 15.
People pour money into banks despite interest rate cut Business

People pour money into banks despite interest rate cut

The State Bank of Vietnam has been taking measures to support economic growth, including a 0.25% cut to the ceiling interest rate, prompting many banks to lower their saving rates. Still, many people with idle money are depositing in banks.