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SBV to cut policy rates for 3rd time

The State Bank of Vietnam announced on Tuesday it will cut its policy rates again to prop up economic growth.

Vietnam Stock Exchange makes VND2.1 trillion in net profit

The Vietnam Stock Exchange (VNX) made VND2,089 billion in after-tax profit last year, up a staggering 53% year-on-year. This is the consolidated figure from both HCMC and Hanoi exchanges.

Economic recovery program extension proposed

A National Assembly (NA) deputy has proposed extending the economic recovery and development program until 2024-2025.

Lank FC offers contract extension with Huynh Nhu

As a result of her contributions, Huynh Nhu has been offered a contract extension by Lank FC ahead of the upcoming season.

Quang Ngai search for possible 17th-century shipwreck

Authorities in the central coastal province of Quang Ngai are planning to search for an old ship that might have sunk in local waters after ceramic objects were found in the area.

Apple announces removal of over 8,000 apps of Vietnamese origin

Apple removed more than 8,000 apps of Vietnamese origin from the App Store in 2022, citing the first transparency report published by Apple related to the app store.

FIFA Women’s World Cup 2023 to be broadcast live in Vietnam

A Vietnamese media agency unveiled on May 22 that it has successfully purchased the exclusive media rights to show the 2023 FIFA Women’s World Cup in Vietnam.

OKXE starts new motorbike business in Vietnam

After a year of selling used motorbikes through the Online to Offline (O2O) business model, the first OKXE Motorbike Service Station in Ho Chi Minh City has begun to officially provide new motorbikes.

Miss Grand International promotes Vietnamese landscape in promotion clip

The organisers of Miss Grand International on May 23 released a video on the 2023 beauty contest, featuring many images of Vietnam which will host the pageant this year.

Vietnam shows significant improvement in business environment: EIU

Vietnam jumped 12 places in the Economist Intelligence Unit (EIU)’s latest business environment rankings which measure the attractiveness of doing business in 82 countries with 91 crucial indicators.

Electric stocks expected to benefit from Power Plan

The approval of the Power Development Plan VIII is a positive factor to the domestic stock market, especially electric utility stocks.

Vietnam will continue to be prime destination for FDI: VinaCapital

The global corporate minimum tax is unlikely to impede Vietnam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Vietnam, said Michael Kokalari, chief economist at investment fund VinaCapital.

EVN to increase electricity import from China, Laos

The Vietnam Electricity Group (EVN) is negotiating to purchase more electricity from China and Laos, according to EVN General Director Tran Dinh Nhan.

High-end brands looking to invest in Vietnam

Revenue in the luxury goods market in Vietnam will amount to 957.2 million USD in 2023, and grow annually by 3.23% in the 2023-2028 period, according to Statista, a statistics portal for market data.

VIETNAM BUSINESS NEWS MAY 24/2023

Set of criteria for measuring ESG performance to be launched in Q3

Minister warns about policies holding back economic progress

At important events, Minister of Planning and Investment Nguyen Chi Dung always stresses that new policies and regulations that require people and businesses to spend more, create new procedures, and require more time must not be issued.

Experiencing luxury five-star cruise in Ha Long Bay with VND2mil.

Booking a tour from VND2 million on a luxury five-star cruise represents the best way to discover the beauty of Ha Long Bay - UNESCO World Heritage Site in Quang Ninh province.

Da Nang festival to feature hundreds of orchid species

An orchid festival is set to return to the central city of Da Nang from May 27 to May 28, with the event attracting hundreds of artisans and people who love orchids from various localities across the country.

Businesses not sure how to access, use loans

In late 2022 and early 2023, enterprises complained they found it difficult to access bank loans. But this is different now: it is not difficult to borrow money, but businesses are not sure how to use the borrowed capital.

Central bank continues to reduce policy interest rates

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.