VOV.VN - Sales of passenger electric vehicles (EVs) in the nation are expected to at least double this year, with the figure being given in a report published recently by BMI Country Risk & Industry Research, a research unit of Fitch Solutions.
Strong rice export demand coupled with waning supplies have caused prices to surge in the market since the beginning of 2023.
Credit ratings agency Fitch Ratings has affirmed Vietnam Electricity Northern Power Corporation's (EVNNPC) long-term foreign-currency issuer default rating at 'BB' with a positive outlook.
Fitch Ratings has rated Petrovietnam Gas Joint Stock Corporation (PV GAS) as a Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BB' with a positive outlook.
Credit ratings agency Fitch Ratings has affirmed Vietnam's long-term foreign-currency issuer default rating at 'BB' with a positive outlook.
The Vietnamese central bank’s move to lift short-term deposit rate caps is likely to raise the average cost of funds – both deposit and interbank rates – for Vietnamese commercial banks.
VOV.VN - With pork consumption expected to rise in the short term, several big companies are injecting trillions of VND into pig farming, with the market value estimated to be up to US$15 billion.
VOV.VN - The General Statistics Office (GSO) reports that Vietnam’s economy in the first eight months of this year has gradually regained the growth rate it enjoyed before the pandemic.
Vietnam’s tourism sector is set to witness strong growth in the next five years, with international tourism arrivals expected to surpass pre-pandemic levels in 2024, according to The Business Times of Singapore.
Capital account restrictions largely insulate interest rates in Vietnam from global monetary tightening and the country’s policy rate is expected to increase 50 basis points to 4.5% by end-2023, according to Fitch Ratings.