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Vietnam posts $4B trade surplus in Q1
Vietnam’s trade surplus hit $4.07 billion in the first quarter with $79.17 billion in export revenue and $75.1 billion in imports, according to the General Statistics Office.
Top electronics retailers Mobile World and FPT Retail facing a rough year
Mobile World is expecting revenues to mostly flatline this year while FPT Retail is anticipating halved profits as the electronics market continues to suffer the pangs of current economic strife.
Inflation, high interest rates put the brakes on auto sales
Auto sales fell by 27% to 68,402 units in the first two months of the year as consumers tightened purse strings amid rising inflation and credit remained expensive.
March 20, 2023 | 06:56 pm PT
World Bank reduces Vietnam growth forecast sharply
Vietnam’s economic growth is set to slow down from 8% last year to 6.3% in 2023, the World Bank has forecast, pointing to internal and global headwinds.
March 13, 2023 | 08:19 pm PT
Consumers cut back on spending amid unemployment
Vietnamese consumers are spending less on shopping and eating out as they tighten their spending amid rising inflation and unemployment.
March 13, 2023 | 02:26 am PT
Vietnam among top five property investment destinations for wealthy Singaporeans
Vietnam is the fifth most popular destination for property investment for wealthy Singaporeans after Australia, India, Hong Kong, and mainland China, according to a new report.
March 9, 2023 | 07:45 pm PT
Cut auto registration fee by half to boost sales: associations
Two associations have proposed that auto registration fees be cut by half for cars manufactured and assembled locally to boost sales.
March 8, 2023 | 05:02 am PT
Deposit growth lags behind credit in 2022
Banks saw a large gap between credit growth and deposit growth last year as businesses withdrew money prematurely to pay for expenses while mobilizing deposits faced difficulties.
March 3, 2023 | 04:31 pm PT
Singapore leads foreign investment in Vietnam
Singapore remained the biggest foreign investor in Vietnam in the first two months of 2023, with investment of $978.4 million, down 42.7% year-on-year, the Ministry of Planning and Investment reported.
March 1, 2023 | 08:28 pm PT
Blue chips' profits grow slowly in 2022
Blue-chip companies saw profit growth slow down last year amid difficulties faced by the manufacturing, retail and property sectors.
February 28, 2023 | 11:55 pm PT
Vietnam has smallest IPO funds in Southeast Asia
Vietnam saw the lowest amount of initial public offering (IPO) funds mobilized in all Southeast Asia last year, according to a Deloitte report.
February 28, 2023 | 03:00 am PT
How insurance policies become banks' golden egg
Selling insurance products fetch banks trillions of Vietnamese dong (VND1 trillion = $42 million) in revenues each year, but with this comes dissatisfaction from customers who say they are "forced" to pay premiums to acquire loans.
February 23, 2023 | 08:51 pm PT
Southern housing developer sees shares surge 26% in a week
Social housing developer Hoang Quan Corp. (HQC) has seen its stock surge 26% within one week as the government announced plans to prioritize credit for affordable housing projects.
February 21, 2023 | 03:20 pm PT
Vietnam inflation may have reached its peak: analysts
Vietnam’s inflation has been rising non-stop since September but may have found its peak last month as consumer demand weakens.
February 19, 2023 | 01:08 am PT
2022 marks new profit records for banks
Over 20 banks posted a new profit record last year as the banking sector gained over VND265 trillion ($11.5 billion) in profits thanks to strong credit growth and reduced provisioning.
February 12, 2023 | 11:25 pm PT
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