Tag: rated
USD/VND exchange rate surges in first month of 2024
The USD/VND exchange rate has seen notable developments in the first month of 2024 when it increased significantly in both official and free markets.
Commercial banks to mainly focus on credit in 2024
Credit growth will be the main focus for the banking industry in 2024, as it is closely related to economic growth, according to analysts.
Major banks continue cutting deposit interest rates
Deposit interest rates at four major banks of Vietnam were adjusted sharply, down by 0.4% per year from the previous listings, bringing the rate to 1.8% per year at the lowest.
Chinese arrested for lending services with interest of over 500%
VOV.VN - Police operating in Da Nang said on January 13 that they have co-operated with their counterparts in Ho Chi Minh City and the southern province of Binh Duong to bust a major loan shark ring headed by a Chinese national, whilst also arresting a total of 192 suspects.
10-15% earnings growth forecast in 2024 for listed companies
Listed companies’ earnings growth is expected to recover from zero last year to 10-15% this year, but with a wide variation between sectors, according to Michael Kokalari, a chartered financial analyst and chief economist at VinaCapital.
Bloomberg gives positive economic outlook for Vietnam in 2024
The website Bloomberg.com of the US on January 8 cited analysts' opinions, saying that the State Bank of Vietnam (SBV), among the first in Asia to lower borrowing costs in 2023, willl likely keep its benchmark interest rate steady through next year as it tackles economic growth and inflation concerns.
Vietnam Value hits US$431 billion, up in global ranking
VOV.VN - The Vietnam Value has moved up one spot to 32nd out of 100 strong national brands globally, with its value hitting US$431 billion, according to a Government official.
Central bank to pump VND2 quadrillion into economy in 2024
VOV.VN - The State Bank of Vietnam (SBV) forecast that nearly VND2 quadrillion would be pumped into the national economy in 2024 to support economic recovery if the 15% credit growth target is met.
Da Nang International Airport receives Skytrax’s 5-star rating
Da Nang International Airport in the central city of Da Nang has become the first and the only terminal in Vietnam to be certified as a 5-star airport by international airport rating agency Skytrax, according to Do Trong Hau, deputy general director of the Da Nang International Terminal Investment and Operation Joint Stock Company (AHT).
VAT to be reduced by 2% from January 1
The value-added tax (VAT) for most of goods and services will be cut by 2% from January 1, 2024.
