Business News

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.

The policy of renewing the e-visa with its duration to 90 days for tourists coming to Vietnam is gradually approaching its effective date of August 15, 2023, attracting the attention of the tourism industry both at home and abroad.

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.

Circular No.06/2023/TT-NHNN, which amends and supplements a number of articles of a 2016 circular that provided operations for loans from credit institutions and foreign bank branches to customers, has new regulations on restrictions on real estate lending.

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.

Mid-Autumn Festival is a cultural tradition in Vietnam, an occasion for family members to gather together under the moonlight, enjoy mooncakes and exchange sweet wishes. In harmony with this festive atmosphere, LOTTE HOTEL SAIGON launches a mooncake collection MAU DON PHU QUY with the message "Beautiful peony, full of wealth" as good wishes and prosperity to every family.

In the hearts of the people of Vietnam and beyond, the Moon Festival dances with a cherished grace, adorned in rich traditions and cultural embrace. It is a time for families to gather and express gratitude for the abundance of the harvest season, to appreciate the beauty of nature and the changing seasons.