- Ministry of Industry and Trade proposes to continue increasing electricity prices in 2024
At the Price Steering Committee meeting earlier this week, the Ministry of Industry and Trade proposed adjusting electricity prices this year to reflect fluctuations in input costs and help Vietnam Electricity Group (EVN) have resources to pay investors in power plants. The proposal to increase electricity prices was made by the Ministry of Industry and Trade in the context of EVN's still very difficult financial situation, with a loss of about VND17,000 billion last year. (See more)
- Social housing prices skyrocket in the month before Tet
Since the beginning of 2024, the Hanoi market has recorded a series of social housing projects establishing new price levels compared to the last two months of 2023, most apartments have increased by 120-130% compared to the opening price and common transactions are in the range of 33-36 million VND/m2 (according to Tien Phong).
- Establish a pilot project to remove difficulties for offshore wind and gas power projects
The development of offshore wind and gas power will help Vietnam fulfill its commitment to carbon neutrality by 2050. Therefore, Deputy Prime Minister Tran Hong Ha requested the establishment of a pilot project to remove difficulties for these projects. (See more)
- Tuna sales bring in nearly 850 million USD
The market is gradually recovering, tuna exports will bring in nearly 850 million USD in 2023. In Binh Dinh and Khanh Hoa, during the first sea trip of the year, fishermen caught a lot of tuna, earning big profits. (See more)
- Another FLC family stock was delisted
The Hanoi Stock Exchange (HNX) announced the mandatory delisting of KLF shares of CFS Investment, Trade and Import-Export Joint Stock Company. This is a company in the ecosystem of FLC Group. The reason for the delisting is that the company seriously violated its obligation to disclose information (according to Thanh Nien).
- Bank sells gas stations
VietinBank Sa Dec Branch (Dong Thap) said it is preparing to auction assets to recover debts for 5 land use rights used as petrol stations in Vinh Long and Dong Thap provinces. The total value of these land lots, calculated at the starting price, is nearly 42 billion VND. (See more)
- Exchange new money for Tet: Exchange 1 million VND and receive 900,000 VND
New money and small change are scarce during Tet. Therefore, people accept to exchange money with a fee of 5% to 10%, equivalent to exchanging 1 million VND with a fee of 50,000-100,000 VND (according to Dan Tri).
- Wholesale markets in Ho Chi Minh City are 'surrounded' by spontaneous markets
Binh Dien and Hoc Mon wholesale markets are in the same situation of being "surrounded" by spontaneous markets outside, causing dissatisfaction among traders in the market and making it difficult to ensure food hygiene and safety. (See more)
- People 'tighten their purse strings', big supermarkets also complain of heavy unsold products
Businesses, supermarkets, and small traders have prepared large quantities of goods to serve the shopping needs of the Lunar New Year of Giap Thin. However, "sluggish" and "lack of customers" are the words most mentioned by businesses when people reduce their Tet shopping. (See more)
Today's international oil prices cooled down after rising to their highest level since December 2023. At the end of the session on January 25, Brent oil price increased to 82.43 USD/barrel, while WTI oil price increased to 77.36 USD/barrel.
The stock market on January 26 recorded the VN-Index increasing by 5.3 points to 1,175.67 points. Green covered large-cap banking stocks. However, the liquidity of matched orders on the HoSE floor remained low, less than VND11,000 billion.
The central exchange rate on January 26 was 24,036 VND/USD, up 5 VND compared to the previous session. The USD price at commercial banks on January 26 decreased slightly, listed at the end of the session at 24,395 VND/USD (buy) and 24,765 VND/USD (sell). The international USD price increased slightly.
Gold prices on the international market today increased slightly in the context of the US about to announce important economic data. Domestic SJC gold bar prices this afternoon increased by 300,000 VND/tael in both directions, to 76.8 million VND/tael in the selling direction.
Bank interest rates on January 26th marked the first bank to reduce interest rates for the fourth time since 2024. Since the beginning of the month, 30 banks have reduced deposit interest rates.
Source
Comment (0)