Eurocham, in the letters sent to Minister of Finance, Vu Van Ninh and Minister of Industry and Trade, Vu Huy Hoang, wrote that the application of new restrictions on the import of 100 consumer goods is the violation of the regulations in international trade. Meanwhile, Vietnamese officials have denied this. Several days ago, the Ministry [...]
Despite a strong rebound seen in the last two sessions, attractive prices after a prolonged downward spell, and observations that all macro-economic uncertainties have been factored in, brokers are still skeptical about asustained uptrend this week. Several securities enterprises are afraid that after a 10-day losing streak came to an end last week, the upward [...]
Vietnam’s state budget deficit is estimated to amount to VND22.3 trillion as of May 15 this year, equal to 18.5% of the year estimate (VND120.6 trillion), the state-run online newspaper VnEconomy quoted General Statistics Office (GSO)’s data. The state budget revenues were estimated at VND248 trillion as of mid May, meeting 41.7% of year target [...]
The price of SVR 3L, the major rubber variety Vietnam exports, has increased by 3.6 percent to US$488 per ton on the world market in the past two weeks, the Vietnam Rubber Group said. This has boosted the domestic prices of latex by 9.4 percent to VND30000-36000 per liter, it added. The hike in prices [...]
Vietnam’s industrial production value is estimated to have risen 14.2% on year to VND343.6 trillion ($16.6 billion) in the first five months of this year, the General Statistics Office (GSO) data showed. The foreign-invested sector recorded the highest production value of VND145.19 trillion during the five-month period, an increase of 16.9% on year. The non-state [...]
The total inter-bank trading value of dong fell 52.8% to VND 82.066 trillion from VN121.444trillion in the week ending May 25, while that of the dollar soared to $ 2.659 billion from $ 1.408 billion, said the State Bank of Vietnam (SBV). Trading value of the dong, mostly overnight term, were VND44.922 trillion, accounting for [...]
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