Business News

The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.

Many banks have been stepping up bond buybacks before maturity, but experts are concerned the work can affect the banks’ ability to supply capital for the economy and boost credit growth in the remaining months of this year.

Visa, a world leader in digital payments, announced on July 21 that electricity consumers will now be able to enjoy the convenience and security of paying their energy bills with their Visa cards. Consumers can make payments with the VNPAY or ZaloPay e-wallet, or through VBan.vn, at no additional fee – with Sacombank serving as the acquirer.

In its report released last week on the banking industry, Vietcombank Securities (VCBS) projected that the pre-tax profit of the industry will witness a growth of approximately 10 per cent in 2023. However, this growth rate is notably lower than the average growth rate of nearly 35 per cent observed in the previous year.

Hong Kong’s billionaire Cheng family has taken control of Hoiana Resort & Golf in the central province of Quang Nam. The resort was once run by Suncity Group, a conglomerate led by the now-jailed Macau gambling tycoon Alvin Chau.

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1. Major banks further cut deposit rates
2. VAFI recommends building risk-free bonds
3. After scandals, life insurers see revenue, new contracts drop
4. Pepper exports plunge in first half
5. Pioneering advances in Vietnamese F&B
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HCM City ranked second out of 63 provinces and cities in the country in terms of the 2022 digital transformation index (DTI), the Information and Communications Ministry has announced. According to a report of the Ministry of Information and Communications, the digital economy contributed about 18.7 per cent of the city's gross regional domestic product (GRDP) last year.