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No petrol shortage for domestic use: Trade ministry

The Ministry of Industry and Trade is committed to ensuring sufficient supplies of petroleum products for the domestic market.

US dollar at commercial banks surges to VND24,200 per dollar

The State Bank of Vietnam today continued to set the exchange rate for the US dollar up VND17 to VND23,497 per US dollar.

Govt projects GDP growth at 6.5% next year

The Government has projected the country’s gross domestic product (GDP) growth at 6.5% in 2023, saying it is achievable despite challenges ahead.

Thien An among top 10 “Country's power of the year” voting contest

Doan Thien An, Miss Grand Vietnam 2022, has been named in the top 10 of the “Country's power of the year” sub-contest of the ongoing Miss Grand International 2022.

Hoa Binh achieves positive results in implementing social security policies

In the first half of 2022, many solutions to ensure social security were implemented by the authorities of Hoa Binh province and they have brought positive results.

EVN proposes wind energy projects in Gulf of Tonkin

Vietnam Electricity Group (EVN) is seeking approval from the Government to develop 4,000MW wind power projects off the Gulf of Tonkin in northern Vietnam to ensure national energy security.

Monkeypox put under control in Vietnam

The first patient with monkeypox in Vietnam has tested negative to the virus, while people with close contacts with her have shown no suspected symptoms so far.

Hoa Binh to promote investment attraction, develope the knowledge-based economy

Hoa Binh has been making efforts to promote investment attraction associated with developing the knowledge-based economy, aiming at sustainable development in the spirit of the Resolution of the 13th Party Congress.

VIETNAM BUSINESS NEWS OCTOBER 13

HCMC economy gains strong growth in Jan-Sept

Low- pressure zone in middle of East Sea intensifies into tropical depression

The National Center for Hydrology Meteorology Forecasting reported that a low-pressure zone in the middle of the East Sea has intensified into a tropical depression as of this morning.

JICA disburses 75 mln in ODA for Vietnam in a year: Official

The Japan International Cooperation Agency Vietnam has disbursed some 10.8 billion JPY ($75 million) worth of ODA in Vietnam between April 2021 and March 2022, according to Chief Representative Shimizu Akira.

Service drivers quit amid petrol shortage crisis

Tran Nhu Nguyen waited nearly an hour to buy petrol for his motorbike at a station in HCM City's District 8.

37 Vietnamese citizens named among 100,000 most influential scientists

As many as 37 Vietnamese scientists have been named in the list of the 100,000 most influential scientists in the world for this year.

NA Committee okays proposal allowing HCM City to continue piloting special mechanisms

The National Assembly (NA)'s Finance and Budget Committee has agreed with the Government’s proposal to allow HCM City to continue implementing piloting special mechanisms and policies for developing the city until December 31, 2023.

HoSE sees big changes in brokerage market share in Q3

VPS continues lead the brokerage market with its market share increasing sharply from 17.1 per cent in the second quarter of 2022 to 18.71 per cent in the third quarter, while SSI's market share reduced from 10.02 per cent to 9. 6 per cent.

VIETNAM NEWS HEADLINES OCTOBER 13

Tropical storm likely to form, threatens central Vietnam this weekend

Bonds issuance in Q3 falls sharply

VNDirect Securities has reported that the total value of corporate bonds issued in Q3 fell sharply by 50.5 percent compared with the previous quarter and 70.9 percent against Q3 2021 to VND60.635 trillion.

Fans to queue at midnight to buy iPhone 14

Retailers have confirmed that they will begin selling iPhone 14 at midnight on October 14. Many people are planning to queue up at that time.

Temporary interest rate package requiring second look

The reach of the 2% lending-rate-support policy has been lower than expected after banks applied common credit standards to businesses that wanted to benefit from the scheme – leading to both sides asking for more assistance.

SBV aiming to harmonise monetary market players

The State Bank of Vietnam is attempting to stabilise lending rates while also mobilising credit institutions to continue reducing operating costs and support both individuals and businesses.