Vietnam 

Bank liquidity abundant after Tết – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Cash flow has returned to the banking system after Tết. – VNA/VNS Photo Viet Nam News HÀ NỘI — Liquidity of the banking system has been plentiful again after the Lunar New Year, helping the central bank net withdraw more than VNĐ51.55 trillion (US$2.2 billion) in the past week. According to a report from the Saigon Securities Inc (SSI), the good liquidity, which was thanks to the return of cash flow to the banking system after Tết, has helped interest rates of loans in the inter-bank market decrease…

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Vietnam 

Purchasing power higher during Tết – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Purchasing power over the Tết (Lunar New Year) holiday increased by 10-12 per cent from last year. — VNA/VNS Photo Vũ Sinh Viet Nam News HÀ NỘI — Purchasing power during the Tết (Lunar New Year) holiday increased by 10-12 per cent from last year and 15-20 per cent in comparison with previous months, according to the Ministry of Industry and Trade (MoIT). The ministry said one of the essential goods served for the holiday was rice. Supplies were abundant and people were keen on buying high-quality products such…

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Vietnam 

NA Chairwoman makes Tết visits – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — HDBank and Vietjet can become top businesses not only in the country but also the region and world, National Assembly Chairwoman Nguyễn Thị Kim Ngân said while visiting the two companies on Monday. The HCM City Development Joint Stock Commercial Bank and budget carrier Vietjet Air, owned by the Sovico Group, have been contributing greatly to the country’s economy over the years, she said. Speaking during her visits on the first day of work after the Tết (Lunar New Year) holidays, she said…

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Vietnam 

Đà Nẵng welcomes nearly 329,000 visitors during Tết – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News ĐÀ NẴNG  — The central city of Đà Nẵng welcomed 328,810 visitors during the nine-day Lunar New Year (Tết holiday) festival 2019 (February 2-10), a year-on-year increase  of 10.7 per cent according to the municipal Department of Tourism. The number of international visitors to Đà Nẵng reached more than 158,000, up 19.9 per cent compared to the same period last year. This is peak tourism season for visitors from China, Japan, the Republic of Korea, Europe and America, and for Vietnamese expats, said deputy director of…

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Vietnam 

VN Index surges after Tết – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares soared in the first trading session after returning from the one-week Tết (Lunar New Year) holiday, driven by positive investor sentiment. The benchmark VN Index on the Hồ Chí Minh Stock Exchange rose by 1.92 per cent to close at 926.10 points. The southern market index had gained a total 1.80 per cent between the beginning of the year and the pre-Tết trading week. More than 124.6 million shares were traded on the main bourse, worth VNĐ2.92 trillion (US$125.5…

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Vietnam 

Tết ends early for fruit, vegetable exporters – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Many agricultural export companies have resumed work even before the end of Tết (Lunar New Year). Vina T&T Group’s two processing plants in Chợ Gạo and Cai Lậy districts in the southern province of Tiền Giang began preparations on Friday to ship 23 containers of longan, dragon fruit and coconut to the US. Sixteen containers of dragon fruit, each weighing 900kg, will be sent by air. The rest of the consignment, 36 tonnes of longan, 22 tonnes of dragon fruit and…

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Vietnam 

Ample goods, steady prices mark Tết in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Customers at a supermarket in HCM City. Thanks to careful preparation by the city authorities, there were no shortages of goods during Tết, the biggest shopping season of the year, or price increases. — VNS Photo Xuân Hương Viet Nam News HCM CITY — The HCM City consumer market was steady during Tết (Lunar New Year) holiday, according to the city Department of Industry and Trade. In a report to the municipal government, it said the price-stabilisation programme has been implemented efficiently, helping prevent any supply shortfall or…

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Vietnam 

VN Index returns from Tết, aims at 990 points – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The VN Index on the Hồ Chí Minh Stock Exchange inched down 0.22 per cent on February 1 to end at 908.67 points.— VNA/VNS Photo HÀ NỘI — Returning from the one-week Tết (Lunar New Year) holiday, Việt Nam’s benchmark VN Index is forecast to grow strongly with banks leading the market upturn. The VN Index on the Hồ Chí Minh Stock Exchange inched down 0.22 per cent on February 1 to end at 908.67…

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Vietnam 

Online businesses bustle as Tết coming – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnamese e-commerce floors have been bustle with many items serving buyers and sellers as the Tết (Lunar New Year) holiday is coming.— Photo zing.vn HÀ NỘI — Vietnamese e-commerce floors have been bustle with many items serving buyers and sellers as the Tết (Lunar New Year) holiday is coming. Now, the Tết holiday was no longer encapsulated in a certain traditional market or a certain locality but became a borderless market. Not only buying and selling,…

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Vietnam 

HCM City’s wholesale markets prepare for Tết – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – With the Tết (Lunar New Year) approaching, the managements of HCM City’s wholesale markets have been instructed to monitor the market and prices and keep traders informed, the city Department of Industry and Trade has said. Phạm Thành Kiên, its director, said prices should be kept steady instead of having them plummet before Tết, which would cause customers to wait for that and leave their goods unsold. Forecasts of demand have been provided to traders, he said. The managements should…

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