Economics News - VCCI - Vietnam Chamber of Commerce and Industry

VCCI Ecoinomics news

What U.S. credit rating downgrade means for financial markets?

Financial markets showed a nervy reaction to the decision by Fitch to strip the US of the top AAA rating on Tuesday but, as far as we can tell, few think that it will have much bearing in the longer-term scheme of things.

Fri, Aug 04, 2023, 12:48:00

Laos warns of heavy-rain-induced landslide, flooding risks

Rain has been falling steadily in recent days, inundating hundreds of hectares of farmland and affecting thousands of families in the central Lao province of Savannnakhet, the Lao Meteorology and Hydrology Department has announced.

Fri, Aug 04, 2023, 12:48:00

Thai central bank raises interest rate to 9-year high

The Bank of Thailand (BoT) raised its key interest rate to a nine-year high on August 2, amid concerns about possible inflation and political instability.

Fri, Aug 04, 2023, 12:48:00

Capital city works to reduce traffic congestion

The capital city of Hanoi is adopting a range of measures to ensure traffic safety and reduce congestion at ‘traffic black spots’.

Fri, Aug 04, 2023, 12:48:00

Chinese victims in traffic accident in Khanh Hoa return home

All 18 victims who were injured in a recent serious traffic accident on Khanh Le Pass in the south-central province of Khanh Hoa have recovered and been discharged from the hospital.

Fri, Aug 04, 2023, 12:48:00

Vietnamese gold demand shrinks in Q2

Demand for gold in Vietnam shrank 9 per cent in the second quarter this year compared to the same period last year, according to the World Gold Council’s latest report.

Fri, Aug 04, 2023, 12:48:00

Five banks earned profits of more than 10 trillion VND in H1

Five banks in Vietnam recorded a pre-tax profit of more than 10 trillion VND (422 million USD) in the first six months of this year, financial statements of the banks showed.

Fri, Aug 04, 2023, 12:48:00