Foreign exchange exchange market

Vinhomes Imperia Hải Phòng Urban Area, a project built by Vingroup. The company's shares soared nearly 3.5 per cent on Wednesday, leading the market's uptrend. — VNA/VNS Photo The Vietnamese stock market recovered on stronger demand force after recent corrections, while foreign investors continued to withdraw from main exchanges. The VN-Index on the Hồ Chí Minh Stock Exchange increased over 14.6 points, or 1.21 per cent, to close Wednesday at 1,266.11 points. The recovery helped recoup most of the losses hit in the last two sessions. On the southern bourse, breadth of the market returned to a positive zone with 275 stocks advancing, while 52 ended lower. Liquidity decreased over the previous session, but remained above VNĐ20 trillion. Particularly, VNĐ20.37 trillion (US$838.25 million) worth of shares was traded on HoSE, equal to more than 878 million shares. The index's reversal was mainly driven by strong rebounds in real estate stocks and other pillars in the securities … [Read more...] about Market rebounds, ending two-day losing streak

Vietnam has maintained a consistent upward trajectory since 2015, reflecting the government's efforts to restructure the economy toward full market-oriented development and international integration. Vietnam has climbed four places to secure the 106th position out of 165 countries and territories in the Economic Freedom of the World index, according to the Canada-based Fraser Institute. Manufacturing of mechanical products at Tam Hop Company in Soc Son District, Hanoi. Photo: Viet Linh/The Hanoi Times The Economic Freedom of the World index evaluates the extent to which policies and institutions support economic freedom. It is published annually by the Fraser Institute in collaboration with the Economic Freedom Network, a coalition of independent research and educational institutions covering nearly 100 countries and territories. Singapore currently leads the world in economic freedom, followed by Hong Kong (China), Switzerland, New Zealand, the US, and … [Read more...] about Vietnam moves up 4 places in Economic Freedom of World index

Tuan said that during this visit, Chairman Vuong Dinh Hue, on behalf of top leaders of Vietnam, will join leaders of Bangladesh in a celebration of the 50th anniversary of the bilateral diplomatic relations (1973-2023). The official underlined that amid the fast, unpredictable and complicated developments in the region and the world, the strengthening of ties between the two countries, who are traditional friends, through the parliamentary channel is expected to contribute to foster ties between the two countries and parliaments. He noted that the Vietnam - Bangladesh relations have been continuously developed with political trust built through visits and meetings via all channels and at all levels. The two sides have set up many important cooperation mechanisms, including a Joint Committee on economic, cultural, science and technology cooperation. Economic and trade partnership has been a highlight of the bilateral partnership, he said, noting that two-way trade has increased … [Read more...] about N.A. leader’s visit aims to reinforce, promote Vietnam – Bangladesh ties: Official

In his speech, Pham Minh Chinh said that such challenges related to population aging, non-traditional security like climate change, epidemics, food, water resources, energy, transnational crime, and cybercrime are developing fiercely, causing serious consequences, while the global economy is facing many headwinds. According to the PM, the world is facing two choices: passively accepting challenges and risks at a very high price, or proactively adapting to, taking advantage of opportunities, solving challenges, and taking peace, stability and development cooperation as goals, the U.N. Charter and international law as the foundation, and dialogue and collaboration as tools. In particular, Vietnam chooses the second choice and hopes its partners also choose it, Pham Minh Chinh stated. Accordingly, Vietnam chooses the basic foundations to develop the country, with the goal of becoming a developing country with modern industry and high average income by 2030, and a developed, … [Read more...] about Prime Minister delivers policy speech at Georgetown University

Headquarters of the State Bank of Vietnam in Hà Nội. Some experts believe the SBV can still cut the policy interest rate further as its current priority is to lower interest rates to promote credit growth and support economic growth. — Photo sbv.gov.vn Experts have different forecasts about the time when the State Bank of Vietnam (SBV) will lower its policy interest rate. While some experts expect the rate to decrease by 0.5-1 percentage point at the end of the third or fourth quarter of this year, others believe the rate will be kept unchanged. According to some experts, although rising pressure on the foreign exchange rate and inflation are the main factors affecting the SBV's ability to continue lowering the policy rates in the remaining months of this year, the SBV can still cut the rate further as its current priority is to lower interest rates to promote credit growth and support economic growth. Banking expert Nguyễn Trí Hiếu forecasts that deposit interest rates will … [Read more...] about Different forecasts made for policy interest rates in the rest of 2023

The trade fair is taking place at the Saigon Exhibition and Convention Centre (SECC), from September 20 to 23, and will feature exhibitors from various supply chain sectors offering a wide array of top-quality products, services, and solutions. According to Phung Quoc Man, deputy chairman of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA), "Vietnam's wood exports have shown signs of recovery since the beginning of the third quarter this year. The turnover of wood exports reached over $1.1 billion in August after a long period of decline." "So, VietnamWood 2023 is taking place just at the right time, the wood industry is showing signs of recovery and preparing to enter a new cycle after a long, challenging period. We expect to host 320 exhibitors from 28 regions and countries as they present the latest woodworking product lines and engage in various curated events and activities," Man added. Vietnam is the world's fifth-largest exporter of wood and timber … [Read more...] about VietnamWood to help revive woodworking industry

Prime Minister Pham Minh Chinh and his entourage arrived at Nanning airport on September 16 morning, starting his participation in the 20th China-ASEAN Expo and China-ASEAN Business and Investment Summit at the invitation of the Chinese Government. With his participation in the event, Vietnam sends out its clear and consistent message on the foreign policy of attaching importance to the relations with China, thus making bilateral relations develop in a healthy, stable, substantial and effective way in the time to come. Later on September 16, Prime Minister Pham Minh Chinh held talks with Chinese Premier Li Qiang. Both sides expressed their delight at and spoke highly of the progress in Vietnam-China relationship in recent years, especially since the historical China visit by Party General Secretary Nguyen Phu Trong in November last year. Underscoring the importance of the Vietnam-China relations in the overall foreign policy of each country, Prime Minister Chinh affirmed that … [Read more...] about PM active in China before attending CAEXPO, CABIS