Yen reverses to increase in price
According to Lao Dong, on June 12, the Japanese Yen (JPY) tended to increase in price, trading around 144.00 JPY/USD - near the lowest level of the week for the USD/JPY exchange rate pair.
The main driver comes from investors boosting sales of the US Dollar (USD) after weaker-than-expected inflation data, while geopolitical tensions and global trade uncertainty are boosting demand for safe-haven assets such as the Yen. See more...
Latest forecast on Vietnam's GDP growth in the second quarter and the whole year of 2025
The Global Market and Economic Research Department of UOB Bank (Singapore) has just released a report on Vietnam's economic assessment in the second quarter of 2025. According to the General Statistics Office, Vietnam's GDP in the first quarter of 2025 increased by 6.93% over the same period but was lower than UOB and the market's expectations (7.1%) as well as an increase of 7.55% in the fourth quarter of 2024.
Although the long Tet holiday is partly a reason, the financial market is currently particularly concerned about US tariff policies. Previously, in the report on March 7, UOB warned that with an open economy and a large dependence on trade, Vietnam is vulnerable when global trade flows are interrupted. These risks increase as the Trump administration adheres to its trade deficit reduction policy.
On UOB's side, this agency still lowered its global growth forecast and forecast Vietnam's economic growth in 2025 by about 6%, lower than the previous 7%. See more...
More than 300 famous brands get discounts in Da Nang
HCMC tightens chemical management at Kim Bien market hot spot
At a press conference providing information on socio-economic issues in Ho Chi Minh City on the afternoon of June 12, Mr. Nguyen Le Tan - Deputy Head of the Energy Department, Ho Chi Minh City Department of Industry and Trade said that Kim Bien market has long been a focus for chemical trading in Ho Chi Minh City, including industrial chemicals and other types that can be dangerous if not used, transported or preserved in accordance with regulations.
The Department of Industry and Trade has been coordinating with functional units such as the People's Committee of District 5, Ho Chi Minh City Police, PC03 Police Department, Market Management, Market Management Board... to implement many measures to strengthen management.
Chemical businesses in the Kim Bien market area are regularly reviewed, compiled and updated on the status of granting certificates of eligibility for business, as well as the list of goods. See more...
