Category: Business

SBV takes more actions to stabilise foreign exchange rates

Hanoi: The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of…

Businesses concerned about rising exchange rate pressure

Hanoi: Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.

The …

Tra fish export to UAE jumps 67% in Q1

Hanoi: Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.

Tra fish ex…

Vietnam’s economy shows gradual recovery: WB’s report

Hanoi: Vietnam’s economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.

Capital shortage – headache for construction firms

Hanoi: Domestic construction companies will continue to face difficulties in the second quarter of this year with capital shortage top of their problems, a report has revealed.

Up to 42.2% of surveyed firms said they met more difficulties in Q1; 41.5…

An Giang bosters border economy

An Giang: The Mekong Delta province of An Giang, billed as an economic centre that links Ho Chi Minh city, Can Tho city and Cambodia’s Phnom Penh, has paid due attention to developing border trade and logistics infrastructure so as to tap its border e…