Due to the impact of COVID-19, Việt Nam''s GDP growth rate reached a low point in the first quarter of 2023 at 3.4 per cent but has shown robust growth in recent quarters.
Chairing a Government meeting after the US Federal Reserve (Fed) raised interest rates, Prime Minister Pham Minh Chinh stressed the need for macroeconomic stability, controlling inflation, and boosting economic recovery.
Vietnamese shares joined cheered global markets yesterday after the Fed eyed rate cuts from next month and investors hoped for possible trade war solutions at the G20 summit next week.
The yield of Government bonds (G-bond) has continued to decline and hit seven-month lows as the US Federal Reserve (Fed) seems unlikely to hike interest rates and the domestic monetary market has shown positive movements.
Domestic losses slackened off on Thursday although global markets was strongly affected by the outcome of the US Federal Reserve (Fed)’s meeting on Wednesday.
The US Federal Reserve (Fed)’s third interest rate hike this week would not affect Viet Nam’s economy significantly as the move was foreseeable, according to experts.
Outstanding performance of financial-banking and petroleum stocks that helped Viet Nam’s benchmark VN-Index re-take the 1,000-point level is expected to continue in the last week of September despite some caution about the US central bank’s Fed meeting on raising interest...
The US Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank’s target.