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11 hydropower plants shut down due to water shortage

11 hydropower plants shut down due to water shortage

Eleven hydropower plants in northern Vietnam have shut down due to lack of water, summarily taking 5,000 megawatts out of the grid.
Gold prices edge up

Gold prices edge up

SJC gold price gained 0.15% to VND67.1 million ($2,857.08) per tael Friday morning.
June 8, 2023 | 08:33 pm PT
Business activity stalled by load shedding

Business activity stalled by load shedding

Businesses in northern Vietnam are struggling to keep operations going amid frequent load shedding as demand for scant power surges.
June 7, 2023 | 07:49 pm PT
New securities trading accounts quadruple in May

New securities trading accounts quadruple in May

Nearly 105,000 stock trading accounts were opened in May, the highest number since last September and four times that of April, according to the Vietnam Securities Depository.
June 6, 2023 | 08:57 pm PT
Infrastructure upgrade needed to smoothen border trade with China

Infrastructure upgrade needed to smoothen border trade with China

Border gates with China are being overwhelmed by the trade between the two countries, and need infrastructure upgrades.
June 6, 2023 | 06:50 pm PT
Vietnam spends over $2B on animal feed, material imports in 5 months

Vietnam spends over $2B on animal feed, material imports in 5 months

Vietnam spent US$2.04 billion to import animal feed and raw materials for the production of this kind of commodity in the first five months of this year, according to the Ministry of Agriculture and Rural Development (MARD).
June 5, 2023 | 07:53 pm PT
May industrial production index inches up 2.2%

May industrial production index inches up 2.2%

The index of industrial production (IIP) in May increased by 2.2% against the previous month, according to the General Statistics Office (GSO).
June 4, 2023 | 09:00 pm PT
Government firm on not extending 6-month VAT rebate

Government firm on not extending 6-month VAT rebate

The proposed VAT rebate was meant to be a short-term stimulant to the economy and therefore should not be extended, the government has insisted.
June 3, 2023 | 09:54 pm PT
Load shedding worsens plight of suburbs in sweltering Hanoi

Load shedding worsens plight of suburbs in sweltering Hanoi

A surge in demand amid declining hydropower production has forced Vietnam Electricity to cut power supply to a Hanoi suburb to ensure system safety.
June 2, 2023 | 10:32 pm PT
Nearly $7B raised through gov't bond auctions in five months

Nearly $7B raised through gov't bond auctions in five months

The State Treasury raised VND162.95 trillion (nearly $6.94 billion) worth of Government bonds via auctions on the Hanoi Stock Exchange (HNX) in the first five months of 2023, up 188.4% year-on-year.
June 2, 2023 | 09:53 pm PT
Lawmakers push government to utilize $42B in coffers

Lawmakers push government to utilize $42B in coffers

Lawmakers are urging the government to speed up the use of VND1,025 trillion ($42.57 billion) in state coffers for urgent projects to boost economic recovery.
June 2, 2023 | 03:40 pm PT
Over 700 durian trucks stuck at Vietnam-China border

Over 700 durian trucks stuck at Vietnam-China border

Some 700 trucks, most of them carrying durian, are stuck trying to enter China from Vietnam’s Lang Son Province, thanks to high demand during the fruit’s harvest season.
June 1, 2023 | 06:09 pm PT
Rice export growth highest in 10 years

Rice export growth highest in 10 years

Rice exports have increased by 49% year-on-year in the first five months to US$2.02 billion, the highest growth in 10 years.
June 1, 2023 | 10:24 pm PT
People struggle to find jobs amid tanking economy

People struggle to find jobs amid tanking economy

Many people find it difficult to get jobs as businesses downsize or simply do not have recruitment plans, a survey has found.
June 1, 2023 | 03:04 am PT
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