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August auto sales plunge nearly 27%

August auto sales plunge nearly 27%

Vietnam’s auto sales last month plunged nearly 27% year-on-year to 22,540 units as consumers continued to tighten their spending amid economic difficulties.
Vietnam's rice export prices drop

Vietnam's rice export prices drop

Vietnam rice prices have been falling in the last two days as importers from the Philippines canceled orders due to fear of losses after the country imposed rice price ceilings.
September 8, 2023 | 05:44 am PT
Businesses hike deposits at banks

Businesses hike deposits at banks

Businesses and organizations' accumulated deposits at banks have risen by 4.7% in the first six months to a record VND5.98 quadrillion (US$244.4 billion) by the end of June.
September 5, 2023 | 05:31 am PT
Consumer lenders post low profits amid tightened spending

Consumer lenders post low profits amid tightened spending

Consumer lenders struggled in the first half this year, with many experiencing plunging profits or even posting losses as people tightened spending amid economic challenges.
September 4, 2023 | 05:32 am PT
Exports decline for 6th straight month

Exports decline for 6th straight month

Vietnam’s exports in August fell 7.6% year-on-year, its sixth consecutive drop since March, due to declining orders from major markets.
August 30, 2023 | 12:34 am PT
Foreign investment up 8% in year-to-date

Foreign investment up 8% in year-to-date

Foreign direct investment rose by 8% year-on-year in the first eight months to US$18.15 billion.
August 27, 2023 | 07:59 pm PT
VinFast's market cap exceeds $100B

VinFast's market cap exceeds $100B

VinFast’s market cap has shot up to US$113 billion, making it the second biggest electric vehicle maker globally behind Tesla.
August 24, 2023 | 07:48 pm PT
Life insurance contract numbers take dive

Life insurance contract numbers take dive

The number of active life insurance contracts in Vietnam was 13.35 million by the end of June, declining by 550,000 since the beginning of the year.
August 22, 2023 | 04:31 pm PT
More Vietnamese buy small CUVs

More Vietnamese buy small CUVs

Sales of small crossover utility vehicles have tripled in the last three years while demand for A-segment hatchbacks have fallen by 42% and sales of B-segment sedans are steady.
August 21, 2023 | 03:02 am PT
Bank deposit interest rates plummet to 7%

Bank deposit interest rates plummet to 7%

In the last two weeks nearly 30 private banks have reduced deposit interest rates by around 0.3 percentage points to 7%.
August 17, 2023 | 05:00 pm PT
July auto sales 2nd highest for year

July auto sales 2nd highest for year

Auto sales jumped to 24,687 units in July, the second highest monthly number this year behind only March.
August 15, 2023 | 03:30 am PT
Property giants post $11B in unsold inventory

Property giants post $11B in unsold inventory

Vietnam’s 10 biggest residential property developers posted a combined $11.4 billion in unsold inventory by the end of the second quarter, more than half of them by struggling company Novaland.
August 10, 2023 | 08:21 pm PT
Electric vehicle adoption to quadruple by 2030

Electric vehicle adoption to quadruple by 2030

Vietnam’s electric vehicle adoption, which was 2.9% last year, can surge to 13.6% by 2030 thanks to a boost in production from both domestic and foreign companies, a report has said.
August 8, 2023 | 10:07 pm PT
July manufacturing activity posts softest fall in 5 months

July manufacturing activity posts softest fall in 5 months

Vietnam’s manufacturing activity in July saw a softest decline in five months as demand shows signs of stabilizing, according to S&P Global.
August 1, 2023 | 05:00 pm PT
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