HCM City is co-operating with companies, distributors and neighbouring provinces to prepare goods for the upcoming Tet (Lunar New Year) Holiday, ensuring stable supply and prices.
Vietnamese shares tumbled on Thursday morning, dragged down by negative investor confidence after global markets were rocked by a sell-off in US stocks.
As of 3 pm on Friday, the Ministry of Industry and Finance and the Ministry of Trade raised the retail price of RON92 petrol by VND599 to VND17,025 (US$0.75) per litre.
Domestic investors reacted positively on Thursday to the US Federal Reserve’s decision to hike the benchmark interest rate by a quarter percentage points.
The director of a bank in HCM City says lenders have no plans as of now to increase loan interest rates, though they find it difficult to cut capital costs since deposit interest rates are tending to increase.
Vietnamese shares rose this morning, despite the United States Federal
Reserve''s decision to raise the key interest rate from the 0-0.25 per
cent range to the 0.25-0.5 per cent range.