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Foreign investors encouraged to invest in petroleum storage infrastructure

Under the plan, the focus will also be on developing the petrol stations along new roads and in new urban areas with an appropriate roadmap to reduce the number of small-scale and inefficient stations.

More businesses to join Vietnam E-Pavilion

The Ministry of Industry and Trade (MoIT) will collaborate with Alibaba to increase the number of prominent businesses selected to join the Vietnam E-Pavilion to 300.

Rental rates for industrial land expected to inch higher

According to CBRE, the surge in the next three years will be 3-9 per cent per year in the North and 3-7 per cent per year in the South.

PM asks to put cross ownership at credit institutions under scruntiny

Scrutinising cross ownership and manipulation at credit institutions aims to ensure system safety as well as financial and monetary security.

Banks announce plans to significantly increase capital

According to experts, the need to raise charter capital stems from improving the CAR, increasing the risk provision ratio, rising medium and long-term capital sources and promoting investment in technology.

Logistics cost increase: Enterprises shift exports to nearer countries

Recent geopolitical conflicts in the Middle East region resulted in a current logistics cost increase of about 130 percent compared to the end of 2023. This pushed export businesses to enhance exports to nearer countries.

SBV cancels gold auction for third time due to lack of bidders

The State Bank of Vietnam (SBV) has announced the cancellation of its gold auction for 16,800 taels of SJC gold this morning, May 3, as just one bidder registered to join the auction.

Phone and component exports hit over US$18 billion in four months

Vietnam earned US$18.4 billion from exporting phones and components during the first four months of the year, up 6.6% year on year.

Will Vietnam have to give up control of the gold market?

After two failures, the State Bank of Vietnam (SBV), experts say, has to lower bidding prices further to VND75 million per tael or give up the gold market, because it is very difficult to stabilize the gold market now.

$529 million funneled into Vietnam’s startup ecosystem in 2023

The total capital invested in Vietnamese tech startups amounted to $529 million in 2023, marking a 17 per cent decrease from the previous year.

Credit rating culture deemed vital for transparency

Rated corporate bond issuances in Vietnam still trail behind regional peers, though efforts to enhance credit rating culture aim to expand the market significantly.

Long holidays help tourism prosper

The average hotel room occupancy rate was estimated at 60 percent during the five-day holiday for this year's Reunification Day (April 30) and Labor Day (May 1) from April 27- May 1, reaching over 70 percent on peak days.

Growth engines rev up in first four months

The Vietnamese economy is expected to carry momentum in the months to come after experiencing improvements in foreign direct investment (FDI) attraction, industrial production, and retail sales, among others, in the first four months of this year.

Vietnam likely to export more than 8 million tonnes of rice this year

Vietnam is expected to produce 43 million tonnes of rice this year, of which more than 8 million tonnes will be for export, according to the Ministry of Agriculture and Rural Development.

Central bank to continue gold auction on May 3

The State Bank of Vietnam will auction an additional 16,800 taels of SJC-branded gold bars to businesses at 9am on May 3, it said in a statement released on May 2.

Vietnamese PMI exceeds 50 points on solid rebound in new orders: S&P Global

Vietnam’s Manufacturing Purchasing Managers’ Index (PMI) rose back above the 50.0 no change mark in April, posting 50.3 from 49.9 in March.

Vietnam Airlines Corporation reports profit in Q1/2024

Vietnam Airlines Corporation reported after-tax profit of 4.44 trillion VND (173.19 million USD) in the first quarter of 2024 as it is strengthening its international flights and restructuring.

Alibaba to build data centre in Vietnam

Alibaba has initiated plans to build a data hub in Vietnam in order to store data locally in compliance with legal requirements, according to details given by Nikkei Asia.

Stock market upgrade to help Vietnam lure another 10 bln USD in investment

The elevation of the stock market to "emerging" status can help Vietnam attract an additional 10 billion USD in both direct and indirect investment, KB Vietnam Securities JSC (KBSV) reported, citing the World Bank (WB).

Hanoi's logistics industry development fails to meet potential

The development of Hanoi's logistics sector has failed to meet its full potential despite the city's favourable geographic location as the heart of the northern key economic region.