Emerging-market stocks fell for a second day as Russian shares sank to a two-week low and the ruble led currencies lower amid worsening violence in Ukraine.
Two U.S. Navy ships began six days of non-combat exercises with the Vietnamese military as the U.S. seeks to bolster its presence in Asia at a time of growing tension between China and its neighbors.
Vietnam’s property market rebound from a three-year slump may be delayed until 2015 as families struggle to access affordable loans and confidence lags, according to CBRE Group Inc.
Vietnam’s central bank and five state-run lenders are drawing up a loan package to bolster the struggling property market and help spur economic growth. Real estate stocks rose.
Vingroup JSC’s Le Thi Thu Thuy says she brought a mother’s perspective to Vietnam’s largest mall, adding an indoor water park and ice rink to make it a weekend destination for Hanoi’s 6.8 million residents.
PetroVietnam Drilling & Well Services Joint-Stock Co. rose for a second day after an official said profit at the country’s biggest listed oilfield-services provider will rise 10 percent this year.
Vietnam’s growth slowed in the first quarter as the government failed to spur lending to businesses as banks struggled with bad debt.
Vietnam’s five-year government bonds rose, sending the yield to a nine-month low, after the central bank announced it plans to cut interest rates. The dong was little changed.
Robert Hambleton wants to hear more noise from the huge container port outside his office near Ho Chi Minh City. Towering cranes at the next-door competitor are silent, without a ship on the horizon.
Vietnam will cut its key policy rates from tomorrow, as the government tries to support businesses and bolster a struggling economy. Stocks rose.