Some banks cut deposit interest rates

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Báo Đầu Tư English 5 day(s) ago

Several commercial banks have unexpectedly slightly cut the dong-denominated deposit interest rates in the past week, according to report by the State Bank of Viet Nam (SBV).

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Outlook for Asian steel industry is negative for 2017

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Báo Dân Trí English 7 day(s) ago

The outlook for the Asian steel industry for 2017 has been lowered to negative says US Moody’s Investors Service in a new report, as global prices of steel collapse across all grades and utilization weakens.

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Central bank ready to sell the dollar to stabilise forex market

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Báo Đầu Tư English 2 week(s) ago

After listing the đồng/dollar exchange rate at the cap regulated by the central bank yesterday, commercial banks this morning lowered their rate, in the wake of an affirmation from the central bank to be ready to sell the dollar to intervene in the forex market.

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Struggle to reach annual GDP target

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Báo Dân Trí English 1 month(s) ago

Vietnam has lowered its GDP target for this year to 6.3-6.5% from an initial 6.7%.

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VN’s corporate tax lower than neighboring countries

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Báo điện tử CP English 2 month(s) ago

VGP – Viet Nam has lowered corporate tax to 20% compared to 22% in Thailand, 25% in Indonesia, and 30% in the Philippines.

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Vietnam cuts 2016 GDP growth target to 6.3-6.5 pct: govt

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Báo Tuổi Trẻ English 2 month(s) ago 1 related news

HANOI, Oct 3 -- The Vietnamese government on Monday lowered the country's gross domestic product growth target for 2016 to between 6.3-6.5 percent after the economy slowed in the first nine months.

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Banks cut short-term deposit rates

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Báo Đầu Tư English 2 month(s) ago

Some major commercial banks lowered interest rates for deposits in dong with terms of less than a year, by 0.3-0.5 percentage points, on September 26.

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Singapore lowers 2016 GDP forecast

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SaiGon GP English 4 month(s) ago

Singapore lowers 2016 GDP forecast

According to the Singaporean Ministry of Trade and Industry (MTI) that Singapore has lowered its economic growth forecast for 2016 to between 1-2 percent, down from the initial range of 1-3 percent, reported by Vietnam News in Singapore.

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Prices fall at the pump as new fuel caps set

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VietStock FI English 4 month(s) ago

The government lowered the price ceiling on retail fuel products across the board in its latest scheduled revision, setting new price caps effective August 12 to 21, the Ministry of Commerce announced yesterday.

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Standard Chartered revises growth forecast downwards

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Báo Dân Trí English 4 month(s) ago

Standard Chartered Bank (SCB) has lowered its GDP growth forecast for Vietnam in 2016 to 6.0 per cent, 0.9 per cent lower than the forecast it made at the beginning of year, according to its report released on August 9.

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World Bank cuts Vietnam growth forecast to 6 percent

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Báo Thanh Niên English 5 month(s) ago

World Bank cuts Vietnam growth forecast to 6 percent

The World Bank has lowered its forecast for Vietnam’s economic growth in 2016 to 6 percent, down from its previous projection of 6.2 percent in April.

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ADB trims 2016 growth forecast for developing Asia on weak global outlook

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Báo Thanh Niên English 5 month(s) ago

ADB trims 2016 growth forecast for developing Asia on weak global outlook

The Asian Development Bank lowered its 2016 growth forecast for developing Asia on Monday, citing the slowing U.S. economy and near-term shocks from Britain's decision to leave the European Union.

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Duterte’s team cuts Philippine growth target, widens budget gap

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Báo Thanh Niên English 5 month(s) ago

Duterte’s team cuts Philippine growth target, widens budget gap

The economic team of Philippines’ newly installed President Rodrigo Duterte lowered growth targets and projected a wider budget deficit as tax revenue disappoints.

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Prices at the pump fall on new fuel price caps

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VietStock FI English 6 month(s) ago

The Ministry of Commerce yesterday marginally lowered the price caps on fuel sold at retail petrol stations across the Kingdom from June 22 to July 1.

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Fuel prices steadily increase

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VietStock FI English 6 month(s) ago

Fuel prices steadily increase

Nearly four months after the Ministry of Commerce implemented a fuel-pricing mechanism that lowered prices at the pump to reflect the fall in the global commodity last March, petrol prices have inched back up to pre-intervention levels.

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