Business News

In a recent meeting to seek Japan's support and expertise in implementing Việt Nam's Industrialisation Strategy, Deputy Minister of Planning and Investment Trần Quốc Phương acknowledged the active cooperation, support and assistance from international friends, notably Japan, in the country's journey towards industrialisation and modernisation.

Shares had a good start on Monday thanks to increased demand toward the end of the trading session. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose 1.26 per cent to close the day at 1,241.42 points. The southern bourse’s index increased 1.52 per cent last week.

Deputy Prime Minister Lê Minh Khái at a recent meeting said that the pressure on price management was easing, adding that if conditions allowed, prices of several goods and services under the State management could be adjusted following the roadmap at the appropriate points of time.

1. Personal finance planning vital yet neglected in Vietnam: forum
2. Sluggish recovery persists in corporate bond market
3. 15 businesses, called 'cash kings', have $18 billion in coffers
4. Vietnam's macro-economy stays stable, inflation controlled: official
5. Close watch urged on global market developments
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The national consumer price index (CPI) in July grew by 0.45 per cent month-on-month, fueled by higher prices of food, foodstuff and electricity, the General Statistics Office (GSO) said on last week. This figure represents an increase of 2.06 per cent compared to the same period last year. The July core inflation increased 0.36 per cent from last month and 4.11 per cent from the same period last year.

Despite the US Federal Reserve raising interest rates by a quarter of a percentage point last week, domestic interest rates continue to decline. As of July 19, the interbank interest rate was 0.39 per cent for the overnight term, reminiscent of rates seen at the outset of the COVID-19 pandemic.

Dau Anh Tuan, deputy secretary general of the Vietnam Chamber of Commerce and Industry (VCCI), spoke at a meeting on July 28 regarding recycling costs and extended liabilities in Vietnam, saying "It is not feasible for manufacturers and importers to carry out their responsibilities efficiently without proper recycling cost norms."

In particular, new orders declined just slightly in July, despite some indications that demand was stabilising. However, manufacturers indicated that overall demand was still weak, especially in export markets. New export orders have declined far faster than that rate of new business, highlighting the specific difficulties internationally.