News

Gold prices jumped 1% on Friday to their highest levels since April 2018 as a sharp slowdown in U.S. jobs growth sent the dollar lower on growing expectations that the Federal Reserve would cut interest rates this year.

Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.

Treasury yields fell Friday after the U.S. government said the economy added far fewer jobs than expected during the month of May.

The Mexican peso jumped against the dollar early in Asia on Monday after the United States and Mexico struck a migration deal late last week to avert a tariff war, providing much-needed relief to fragile market sentiment.

The Hanoitimes - The budget revenue collection in May reached VND110.2 trillion (US$4.74 billion), accumulating to VND628 trillion (US$27.03 billion) in the January – May period, up 13% year-on-year.

The Hanoitimes - Vietnam’s graduation from the International Development Association (IDA), the World Bank’s fund for low income countries, in 2017 has led to less favorable loan terms

The Hanoitimes - The structure of the State Securities Commission (SSC) is in line with principles set out by the International Organization of Securities Commissions (IOSCO).

The Hanoitimes - Fitch-rated Vietnamese banks would need US$4.1 billion of additional capital, of which 90% is accounted for by the state-owned banks.

The Hanoitimes - Vietnam’s GDP is predicted to grow by 6.7% this year, with a modest deceleration over 2020−21 to 6.1% per annum.