HSBC has reportedly said that a rate rise in Vietnam this year is unlikely on the back of broader challenges facing the local economy, according to local media. Fitch Solutions, on the other hand, said last week it is expecting a cut to interest rates in Vietnam this year. It

Vietnam’s Provincial Competitiveness Index for 2023 released

the-shiv May 11, 2024

The index–known more commonly as the PCI–assesses the competitiveness of Vietnam’s 63 provinces and self-managed cities. Northern Vietnam’s Quang Ninh province came out on top with a total score of 71.59 followed by Dong Thap and Long An with 71.14 and 70.78, respectively. PCI 2023, highest to lowest Province Score

Vietnam Airlines record profit result of lessor writing off bad debt

the-shiv May 11, 2024

Vietnam Airlines recorded a ‘new record’ profit in the first quarter of this year of VND 4.53 trillion or US$178 million. This was, however, only after the company leasing planes to Vietnam Airlines subsidiary, Pacific Airlines, agreed to write-off US$220 million worth of debt in exchange for the return of

Vietnam gold price hits new high, 20 percent over world price

the-shiv May 11, 2024

Vietnam’s gold price topped VND 91.5 million a tael or 2,958.50 per troy ounce yesterday, a new peak for the yellow metal. At the same time, gold was trading on the world market for US$2,353 per troy ounce, a difference of US$605.50 or about 20.47 percent. To try to close