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Fitch Ratings sanguine about Vietnam
Fitch Ratings has upgraded Vietnam’s long-term foreign currency issuer default rating from BB to BB+ while keeping its outlook at “stable.”
Bank deposits remain preferred asset class despite collapsing interest rates
Despite the steady and steep decline in interest rates, people are still keeping their money in bank deposits rather than invest it in securities or real estate.
Vietnam most appealing investment destination: US semiconductor industry
Vietnam is the most attractive destination for American chipmakers, John Neffeur, president of the country’s Semiconductor Industry Association, told Prime Minister Pham Minh Chinh.
December 7, 2023 | 08:10 pm PT
Stop focusing loans on a few corporates, PM warns banks
Prime Minister Pham Minh Chinh has called on banks to stop prioritizing a few corporates for loans to reduce risks and increase other customers’ access to funds.
December 7, 2023 | 07:13 pm PT
PM wants more flexible loan approval
Prime Minister Pham Minh Chinh has instructed banks to adopt a more 'flexible' approach in approving loans while maintaining their assessment criteria.
December 7, 2023 | 05:24 pm PT
Exports improve in November
Vietnam’s exports rose last month with positive growth in shipments of computers and machines, but trade prospects for the remainder of this year remain uncertain amid weak demands, lender HSBC says.
December 7, 2023 | 04:41 am PT
HCMC targets 7.5% growth in 2024
Ho Chi Minh City eyes GRDP growth targets of 7.5-8% next year as it strives to recover from a year of economic challenges and slower growth.
December 6, 2023 | 06:04 pm PT
Economy confronts three key challenges as year-end nears: ministry
Obstacles in international trade, capital flow and administrative procedures still remain in the economy, said the Ministry of Planning and Investment at the monthly government meeting on Wednesday.
December 6, 2023 | 06:52 am PT
Trade slips to three-year low
Vietnam’s trade in the first 11 months fell 8% to US$620 billion, its lowest point in three years, as factories scale down operations due to the ongoing shortage of orders.
December 5, 2023 | 10:14 pm PT
Coffee exports hoped to set new record
Vietnam’s coffee exports in 2023 are expected to break the record of US$4 billion in export value set in the previous year.
December 5, 2023 | 01:11 am PT
Firms begin tentative steps into global supply chains amid challenges
Machinery parts manufacturer Huynh Duc LLC is one of the few Vietnamese companies to supply products to major international semiconductor manufacturers, but its CEO has even bigger ambitions.
December 3, 2023 | 03:00 pm PT
Vietnam mulls undersea power line to develop renewable energy
Prime Minister Pham Minh Chinh has tasked state energy firm Petrovietnam with laying underwater power transmission lines and developing offshore wind power.
December 3, 2023 | 11:19 pm PT
Labor cuts in Vietnam’s southern metropolis show signs of cooling: official
The labor cut wave in HCMC has shown signs of slowing down as the number of people registering for unemployment benefits decreased by nearly one-quarter compared to mid-year, an official said.
December 2, 2023 | 09:01 pm PT
High transport costs hinder bilateral trade: Vietnamese businesses in UAE tell PM
Overseas Vietnamese businesspeople in the United Arab Emirates want the Vietnam government to roll out incentive policies to reduce transport costs between the two countries.
December 1, 2023 | 10:08 pm PT
Vietnam eyes EV partnership with Turkey
Turkey and Vietnam have agreed to boost the partnership between their private sectors in manufacturing electric vehicles at a recent high-level meeting.
November 30, 2023 | 10:25 pm PT
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