PMI rises to 52.5 in last month

Investors open accounts for stock trading at Haseco in northern Yen Bai Province. Shares tumbled on both national stock exchanges yesterday.— VNA/VNS Photo Nguyen Viet HA NOI (VNS) — Shares tumbled on both national stock exchanges during yesterday's session while HSBC Vietnam announced the country's Purchasing Managers' Index (PMI) in August rallied to its highest level in four months.On the HCM City Stock Exchange, the VN-Index pared earlier gains to lose 0.11 per cent, reaching 472.17 points.Trading was sluggish, fetching only 86.7 per cent of last Friday's figure at VND640.9 billion (US$30.2 million) and 29.2 million shares.The VN30, tracking the…... [read more]

The prices of food, foodstuff, sugar, medicine and petrol will increase this month, said the Ministry of Trade (MoT) in a recent report to the Government. Rice price will go up slightly due to declining supply and high export demand in the Mekong Delta, Vietnam’s granary, together with high rice price in the world market.  Increasing input cost, the impact of disease, and growing local market demand will also fuel foodstuff prices, said the ministry. The MoT added that medicine price hikes are inevitable as prices of imported materials such as anpiculiin, amoxylin, vitamin C, lactose and others soar.  Meanwhile, Vietnamese oil…... [read more]

With a month to go for Tet (Lunar News Year) the HCM City beer market is heating up, with prices rising virtually daily.The owner of a shop called Beer Loan on Tran Xuan Soan Street, District 7, told Viet Nam News that a case of 24 cans of Tiger beer has seen its price increase by VND6,000-7,000 in recent weeks to VND314,000 (US$13).The prices of all brands would definitely increase in the coming days, she said.A beer seller in Tan Phu District said prices were rising by the day.Retailers predicted the prices to make a surge just before Tet, which…... [read more]

With the announcement released on Monday along with the HSBC Vietnam Manufacturing PMI for May 2015, Vietnam will no longer receive the PMI starting next month.This will be the final HSBC PMI index published in Vietnam and other countries, HSBC said in a press release.PMI comprises of many economic indicators derived from monthly surveys of companies from the private sector conducted by Markit Group, which prepares PMIs for over 30 countries worldwide, and the Institute for Supply Management (ISM), which provides PMIs for the US.The Vietnam Manufacturing PMI, a composite index of five sub-indicators including production level, new orders from…... [read more]

The preliminary figures show that consumer price index (CPI) in Vietnam rises on month at only 1.5 per cent in July, the slowest pace in a single month so far this year, said Bui Xuan Khu, Deputy Minister of Industry and Trade.&nbspThis is the second consecutive month the CPI has gone down fast, thanks to the government&rsquos anti-inflation measures, he said.&nbspThe trade deficit in July is estimated at below &nbspUS$1 billion because of the limit in export of luxury items, including automobiles.&nbspThe ministry fore that Vietnam may reach the target to maintain trade deficit below &nbspUS$1 billion a month by…... [read more]

This month's CPI was also much lower than the past few months. In September and August, CPI rose 1.06 per cent and 0.83 per cent, respectively.— File Photo HA NOI (VNS)— The country's consumer price index (CPI) in October rose only 0.49 per cent against last month, despite a number of factors that were expected to push the index higher. This month's CPI was also much lower than the past few months. In September and August, CPI rose 1.06 per cent and 0.83 per cent, respectively.CPI has increased by 5.14 per cent from December 2012 and by 5.92 per cent…... [read more]

Total outstanding loans this month of Hanoi-based credit institutionsare estimated to inch up 0.5 percent to nearly 927 trillion VND (43.52billion USD), according to the Hanoi Statistics Office.The July credit growth of the capital was lower than the 2 percent rise last month.Indetail, short-term outstanding loans of credit institutions in thecapital are estimated to drop 1.3 percent over the previous month and8.3 percent from December 2013, while medium and long-term loans areestimated to rise by 4.1 percent over the previous month and 12.1percent against December 2013.In July, Hanoi-based creditinstitutions are also estimated to have mobilised nearly 1,140 trillionVND (53.52 billion…... [read more]

HA NOI (VNS)— The price of power will not rise this month, said director of the Ministry of Industry and Trade's Electricity Regulatory Department Dang Huy Cuong.Cuong also confirmed at the ministry's meeting on Monday that there would be sufficient power for consumption and production for the next three months, despite a drought in many localities.The electricity production was 10.2 trillion kWh last month, and 27.8 trillion kWh in the first three months of this year, an increase of 8.1 per cent compared with the same quarter last year.The power produced by Electricity of Viet Nam (EVN) in the first…... [read more]

Vietnam is estimated to spend US$162 million importing 769,000 tons of fertilizer in the first four months of this year, up 5 per cent in value and 3.1 per cent in volume, according to the latest statistics released by the government.  Of the total volume, 205,000 tons were urea, costing US$49 million, the statistics showed. The Ministry of Trade announced that Vietnam's fertilizer supply, sourced from both local production and imports, would be adequate for the upcoming summer-autumn crop.  Urea demand is predicted to reach 460,000 tons this year, with an expected usage of 60,000 tons in the north, 90,000 tons…... [read more]

The Federal Reserve has decided to keep US interest rates unchanged after its latest meeting. The decision leaves short-term interest rates at record lows of 0% to 0.25%, the same level they have been at since December 2008. The decision came as little surprise to the markets, although the Fed has previously signalled that rates are likely to rise within months. The Fed said the US economy was still expanding at a moderate pace. Share of gold mining firms were up earlier in the day on the expectation that the central bank would hold off on a rate rise this…... [read more]