The State Bank of Vietnam (SBV) on February 20 net injected more than VND5 trillion (nearly US$204 million) into the banking system through the open market operation (OMO) channel to support capital for commercial banks.

Vietnam aims to send 125,000 labourers abroad to work under contracts in 2024, focusing on key traditional markets such as Japan, Taiwan (China) and the Republic of Korea (RoK), according to the Ministry of Labour, Invalids and Social Affairs (MoLISA).

Vietnam’s top tennis player Ly Hoang Nam will begin the new lunar calendar year with two international tournaments in Thailand, starting next week.

A total of VND2.75 quadrillion (US$41 billion) went into the property market in 2023, according to the State Bank of Vietnam (SBV), an increase of 6.75% in comparison to last year.

The ceiling price of tickets on domestic flights will be increased from the beginning of March, according to Circular 34 issued recently by the Ministry of Transport (MoT).

Vietnamese rowers will vie for Olympic spots at a qualification event in April in the Republic of Korea.

Vietnamese have splashed tens of billions of VND on ao dai (traditional long dresses), the national costume, via e-commerce platforms to dress up for the coming Lunar New Year (Tet) holiday.

The settlement of bad debts will face many difficulties this year as there are no legal regulations related to repossessing collateral assets, industry insiders said.

In an effort to address financial challenges faced by Vietnam Electricity (EVN), the Ministry of Industry and Trade (MoIT) has put forth a proposal to increase electricity prices in 2024.

High demand during the Tet shopping season has prompted commercial banks to introduce credit offers worth hundreds of billions VND for consumers, said industry experts and insiders.