Interest rates on loans in HCMC have declined significantly, with 63% of outstanding loans bearing rates below 9.75%, according to the State Bank of Vietnam’s HCMC branch.

A Dutch manufacturer of chip equipment has received approval to lease a factory at Saigon Hi-tech Park (SHTP) in HCMC with an initial investment of nearly US$5 million.

Vietnam’s rice export prices have surged to new highs, surpassing those of Thai rice, with some types of rice reaching US$117 per ton.

HCMC has seen a 3.2% decline in employment in October against the year-earlier period.

The largest liquefied natural gas (LNG) warehouse in Vietnam, capable of accommodating vessels of 100,000 DWT, has been inaugurated in Ba Ria-Vung Tau Province.

Fuel retailers are seeking assistance from the Government and the Ministry of Finance due to a significant reduction in commissions provided by major fuel trading companies.

The National Steering Committee on Natural Disaster Prevention and Control has proposed allocating over VND5 trillion to support 30 provinces affected by disasters.

The Vietnam Chamber of Commerce (VCCI) has proposed reducing value added tax (VAT) from 10% to 8% for all goods and services.

Deposits at commercial banks in the first eight months of this year soared by 9.68% against the end of 2022 to an all-time high of VND6.43 quadrillion.

Standard Chartered Bank has revised down its GDP growth forecast for Vietnam in 2023 to 5% from the earlier estimate of 5.4%.