News

HCMC – Vietnam’s gross domestic product (GDP) in the first quarter of this year rose 6.79% from a year earlier, which was lower than the impressive 7.38% expansion in the first quarter of 2018, the General Statistics Office (GSO) stated in its latest report on the country's socioeconomic performance.

HCMC – Nghiem Thanh Son, deputy head of the Payment Department at the State Bank of Vietnam (SBV), told a press conference on April 1 that rumors of the licensing of virtual currency exchanges were unfounded, Nguoi Lao Dong newspaper reported.

Asia Pacific markets jumped in morning trade Tuesday following overnight gains on Wall Street, as concerns over a possible global economic slowdown eased.

Stocks jumped on Monday as strong manufacturing data out of the U.S. and China eased worries of a possible global economic slowdown.

European stocks jumped Monday, as investors in Europe digested stronger-than-expected manufacturing data from first China and then the United States. By the close, the pan-European Stoxx 600 was provisionally 1.2 percent higher with almost every sector in positive territory.

Gold inched up on Tuesday, but was trading near a more than three-week low touched in the previous session as the U.S. dollar strengthened and equities rose.

Oil prices rose to fresh highs for the year on Tuesday, after a U.S. official said Washington is considering more sanctions on Iran and a key Venezuelan export terminal halted operations.

The dollar hit a two-week high against the yen on Tuesday, as ebbing concerns about the global economy pushed U.S. bond yields up from 15-month troughs.

HANOI – Local credit institutions had settled more than VND204.4 trillion (US$8.8 billion) worth of bad debts as of January, accounting for 40.1% of the total, said Nguyen Thi Hong, deputy governor of the State Bank of Vietnam (SBV).