Silicon Valley Bank collapse not to impact VN: VinaCapital
The Silicon Valley Bank (SVB) collapse by itself will end up being neutral for Viet Nam’s stock market and economy, Michael Kokalari, chief economist at investment fund VinaCapital, has said in a report.
Silicon Valley Bank. According to VinaCapital, the SVB collapse by itself will end up being neutral for Viet Nam’s stock market and economy. — Photo courtesy of Reuters
Achilles heel in tourism
Vietnam’s tourism industry has made only meager strides in diversifying its products despite years of growth.
The most addictive dish on Ha Giang plateau
Ha Giang attracts tourists not only for its majestic natural landscape and honest ethnic people but also for its bold, regional specialties that cannot be found anywhere else.
Liquidity needs to be ensured: Central bank
The Governor of the State Bank of Vietnam (SBV) sent important messages about monetary policies at a meeting with businesses held by SBV and HCM City People’s Committee late last week.
Firms hesitate to access loans due to weak consumption demand
The State Bank of Vietnam last week cut its policy rates for the third time this year to prop up economic growth.
Banks experience significant increases in non-performing loans
Given the challenging economic environment, the performance of numerous banks is rather bleak, particularly due to the mounting bad debt levels.
VIETNAM BUSINESS NEWS MAY 29/2023
Work on Cat Bi Airport’s Terminal T2 to start in Q4
Vietnam should consider announcing the end of COVID-19: NA deputy
At the ongoing fifth session of the 15th National Assembly (NA) held on May 29, Nguyen Lan Hieu of the NA Delegation of Binh Dinh province suggested that the end of COVID-19 should be announced.
Cut on automobile registration fees to facilitate auto industry
The Ministry of Industry and Trade supporting the reduction of automobile registration fees is considered a positive effect to the auto industry in the context of the automobile market facing many difficulties.
VIETNAM NEWS HEADLINES MAY 29/2023
Vietnam leaves good impressions at multi-ethnic festival in Czech Republic
Vietnam to build center for search and rescue in Spratly Islands
Deputy Prime Minister Tran Luu Quang has approved a project to improve the capacity of incident and natural disaster response and search and rescue to 2030, with a vision to 2045.
Male model finishes as third runner-up at World Fitness Supermodel
Ngo Hoang Linh, the Vietnamese representative at World Fitness Supermodel 2023, was awarded the third runner-up title during the male pageant’s grand final held on May 27 in Thailand.
Old Vietnamese publications in romanised script on display in Paris
An exhibition showcasing old Vietnamese publications in Chu Quoc ngu (romanised Vietnamese script) is underway in Paris, France.
HCMC police raze black-credit companies with illicit profits of over US$176mln
The Ho Chi Minh City Department of Public Security yesterday prosecuted nine people for usury in civil transactions.
Entertainment and cultural events of the week (May 29-June 4/2023)
Upcoming entertainment and cultural events in Vietnam's major cities on May 29-June 4.
More cooperation needed to develop rare earth industry in Vietnam
The applications for rare-earth element products have developed strongly in recent decades, especially in the field of agriculture in which they are used to create clean, safe, and effective agricultural products.