Economic & financial news

Gasoline prices fell Thursday morning to the lowest since Sept. 3, following a tax cut.

Ho Chi Minh City plans to issue municipal and project bonds through Vietnam International Financial Center and expand domestic borrowing to fund major infrastructure and urban development projects.

Indonesia has contended with weaker investor sentiment this year amid heightened scrutiny of the government's fiscal plans and its broader policy directions.

World gold price increased by more than 182 USD/ounce, equivalent to 4.6%, to 4,112 USD/ounce on the morning of November 5. Domestically, SJC gold bars increased by 1.8 million VND/tael, extending the chain of increases to 4 consecutive sessions.

The Philippines, world's largest rice importer, is sharply increasing direct rice imports from Cambodia as part of efforts to diversify its supply sources.

The U.S. dollar continued its decline against the Vietnamese dong on Thursday morning, hovering around the lowest in 18 months.

Facing the increasing need for working capital and cost management at the end of the year, Asia Commercial Joint Stock Bank (ACB) launched the ACB Visa Business credit card for business customers, proactively supporting capital sources, controlling costs and managing cash flow.

In this exclusive interview, Siemens CEO Roland Busch shares his outlook on Việt Nam's investment potential, opportunities for stronger Việt Nam-Germany business ties and the role of SMEs in driving growth.

Ho Chi Minh City's international financial center should work alongside established regional hubs such as Singapore and Hong Kong to strengthen Asia's financial ecosystem, an international finance expert says.

Vietnam gold prices rose for a fourth consecutive session Thursday morning as the precious metal surged on global markets.

Following the international momentum, brands increased the selling price of gold bars to 144.5 million VND per tael, the highest since October 10.

Binance digital currency exchange said it has replenished most of the hacked assets, and expanded the scope of reserve verification from 10 to 44 tokens.

Deputy Minister of Industry and Trade Lương Hoàng Thái said the ninth edition of the forum serves as an effective channel for regular exchanges between government agencies and business communities on policies, market development, trade connectivity and investment.

The State Bank of Vietnam (SBV) set the daily reference exchange rate at VNĐ25,623 buying a US dollar on November 5, down VNĐ4 from the previous session.