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Petrovietnam partners with US firms on digital transformation and sustainable energy

Contribution of five centrally-run cities to 2023 socio-economic development

Viet Nam’s five centrally-run cities contributed 35.04% to GDP growth in 2023 and 57.9% to state budget revenue, accounted for 54.6% of foreign direct investment, and welcomed 80.2% of international tourist arrivals.

Ministry revokes licences of 30 postal enterprises

Supervision will continue to be enhanced to ensure compliance and healthy and sustainable development of the postal market

Economy

Nearly 20 commercial banks lower deposit rates in March

From the beginning of March, 17 commercial banks have adjusted their deposit rates so far, four of which cut rates more than twice, including BaoViet Bank, GPBank, BVBank and PGBank.

Economy

Some durian shipments to China warned over food safety

The Plant Protection Department received GACC’s warnings and asked enterprises which owned these violating shipments to comply with the regulations on origin tracing, recalling and handling.

Economy

Đức Giang Chemicals Group seeks M&A deal to enhance yellow phosphorus production

To facilitate the merger of PAT into DGC in the near future, DGC aims to increase its ownership stake in the company beyond the current 51 per cent level.

Economy

Infrastructure to promote real estate market

The efficiency of an infrastructure project is only realized when the development of real estate alongside the projects is sustainable and leads the local socio-economic development.

Economy

'Junk' bank cards causing waste issues

Despite the indiscriminate junk cards, there is currently no legal regulation to cancel cards that are not being used.

Economy

Industrial real estate emerges out of storm

Industrial land lease prices are forecast to increase by 5-9 per cent annually in the northern region, and 3-7 per cent in the south thanks to the rising demand from industrial groups, said property consultancy CBRE Vietnam.

Economy

CEO Group sets ambitious financial targets for 2024.

CEO Group plans to distribute 5 per cent dividends in the form of stocks for 2023, and the dividend rate for 2024 is projected to be between 5 per cent and 10 per cent.

Economy

HCM City real estate market to recover in H2

The market is expected to fully recover from 2025 onward, driven by the Government’s policies and support from real estate enterprises.

Economy

Shares sustain gains on strong investor confidence

The VN-Index has gained more than 11 per cent in the past three sessions.

Economy

“Meet Indonesia” Conference 2024 held in Khánh Hoà

The “Meet Indonesia” Conference 2024 took place in Nha Trang city, the south central province of Khanh Hoa on March 22.

Economy

VN's coffee market share in Belgium surges over 20%

While Belgium reduced its coffee imports from Honduras and Colombia in 2023, the rate of decrease was lower compared to the reductions from Peru, Brazil and Việt Nam.

Economy

Industry minitry proposes tougher sanctions for counterfeit goods

The Ministry of Industry and Trade (MoIT) has raised the need to review regulations governing on penalties for the production and sale of counterfeit and prohibited goods.

Economy

State Capital Investment Corporation to auction off 10 per cent stake in Việt Nam Books JSC

Shares will be auctioned with a starting price of VNĐ15,700 per share, equivalent to a starting value of over VNĐ106 billion (US$4.3 million).

Economy

Rubber exports hit $160 million in Feb

Vietnamese rubber is reportedly fetching $1,481 per tonne in international markets, an increase of 5 per cent compared to January.

Economy

Work on $480m chemical complex to begin in June

Once fully operational, the complex is expected to earn an annual revenue of over VNĐ10 trillion, creating 1,500 jobs.

Economy

Local lender reverses decision to collect shocking amount of credit card debt in response to public outrage

Lenders are asked to fully inform customers about interest rates, fees, and account balance fluctuations related to credit card debt in a timely manner.

Economy

India starts anti-dumping investigation into Vietnamese tempered glass

The Directorate General of Trade Remedies of India (DGTR) has started an anti-dumping investigation into Vietnamese tempered glass.

Economy

MIC and Meta cooperate to fight Facebook fraud

Meta will host training courses on the use of social networks with the MIC’s Information and Communications Public Management Institute to increase the efficiency of policy communication.