Car sales sputter on tax hike

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VietStock FI English 1 week(s) ago

Car sales sputter on tax hike

Authorised dealerships of new cars and trucks have said a recent increase in the specific tax on vehicle imports has put a dent in profits, with some dealers claiming sales have slowed since the tax hike went into effect in April.

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VGCL proposes 11% increase in minimum wage

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Báo Dân Trí English 1 week(s) ago

VGCL proposes 11% increase in minimum wage

The Vietnam General Confederation of Labour (VGCL) has asked the National Salary Council to increase regional minimum wages in 2017 by 10-11 per cent from the current rates.

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Domestic gold prices temporarily fluctuate

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Báo điện tử CP English 3 week(s) ago 2 related news

Domestic gold prices temporarily fluctuate

VGP – The State Bank of Viet Nam will continue to keep a close watch on the movements in the global gold market and stands ready to intervene in the domestic market if necessary in accordance with Government’s Decree 24/2012 /ND-CP, dated April 3, 2012 on gold business activities.

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State Bank to intervene in gold price, if needed

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Báo Đầu Tư English 2 week(s) ago 1 related news

State Bank to intervene in gold price, if needed

The State Bank of Viet Nam will keep track of gold price fluctuation and intervene if necessary, said Nguyen Ngoc Canh, director of the bank's Foreign Exchange Management Department.

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Businesses fear loan interest rate hikes as banks pay more for deposits

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Báo Thanh Niên English 1 month(s) ago

Businesses fear loan interest rate hikes as banks pay more for deposits

Commercial banks have hiked deposit interest rates, raising fears about a concomitant lending rate hike, which would deal a big blow to local enterprises that are already struggling to compete with their foreign rivals who can borrow at much lower rates from foreign banks.

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With a British adieu to EU, it's farewell to a Fed rate hike for now

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Báo Thanh Niên English 1 month(s) ago

With a British adieu to EU, it's farewell to a Fed rate hike for now

The U.S. Federal Reserve, already undecided on when next to raise interest rates, now has one more reason to wait: Britain's vote on Thursday to leave the European Union.

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June consumer price index increases 0.46 percent

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SaiGon GP English 1 month(s) ago

June consumer price index increases 0.46 percent

The Consumer price index (CPI) in June increased 0.46 percent over last month and 2.4 percent over the same period last year, reported the General Statistics Office of Vietnam this morning.

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Hanoi: CPI in June rises for six consecutive month

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Báo Dân Trí English 1 month(s) ago

The consumer price index (CPI) in Hanoi continued to go up in June, the sixth consecutive month of growth, the municipal Statistics Office (GSO) reported on May 22.

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Farmers expect latex prices to hike

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SaiGon GP English 1 month(s) ago

Farmers expect latex prices to hike

Since 2014, the price of rubber has been drastically down resulting in the Vietnam Rubber Group and farmers facing hardship. Yet, this year, the price of the tree is showing a hike bringing new hope for farmers.

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BOK cuts key rate to 1.25 pct for June

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SaiGon GP English 1 month(s) ago

BOK cuts key rate to 1.25 pct for June

In a surprise move, South Korea's central bank slashed its policy rate by 25 basis points Thursday, apparently anticipating a further delay in what many believe is an imminent U.S. rate hike, sources in the Yonhap News said Wednesday.

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Medical service fee to increase in some cities, provinces

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SaiGon GP English 1 month(s) ago

Medical service fee will increase in next time but the price hike was made in eight to twelve of the five step road map for raising medical service prices in a bid to reduce impact on people head of Financial and Planning Department of the Ministry of Health Nguyen Nam Lien yesterday said.

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Auto import continues accelerating

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SaiGon GP English 1 month(s) ago

Vietnam imported 12,000 CBU (completely built unit) automobiles in May, up 33 percent compared to April and 12 percent over the same period last year, reported the General Statistics Office of Vietnam.

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Petrol prices up nearly 700 VND per litre

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Báo Dân Trí English 1 month(s) ago 1 related news

The retail prices of RON 92 petrol and E5 bio-fuel increased by 680 VND and 668 VND per litre, respectively, from 3:00pm on June 4.

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Vietnam’s gasoline prices up by 6 percent in third consecutive hike

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Báo Thanh Niên English 1 month(s) ago

Vietnam’s gasoline prices up by 6 percent in third consecutive hike

Vietnamese fuel traders on Saturday increased gasoline prices again after two weeks, as global fuel prices rose by nearly 6 percent during the period.

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PM asks not to increase electricity price, BOT fees

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Báo điện tử CP English 2 month(s) ago

PM asks not to increase electricity price, BOT fees

VGP – PM Nguyen Xuan Phuc said no to a hike in electricity price in 2016 as well as the establishment of an electricity price stabilization fund, and a rise in Build-Operate-Transfer (BOT) fees at the Government regular meeting on June 1.

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