Việt Nam News

Exports grew smartly in January and their recovery is expected to gain further momentum, supporting the economy and stock market, according to Michael Kokalari, chief economist at investment fund VinaCapital.

This year’s HCM City export forum and trade fair (HCM City Export 2024) will be held at the Saigon Exhibition and Convention Centre in District 7 from May 8 to 11.

The lack of regulations governing shipping routes and the arbitrary imposition of fees by foreign shipping companies, including THC, have detrimentally affected the interests of Vietnamese importers and exporters, as well as the country's ports and logistics sector.

Tourism and food supplier companies in Đà Nẵng will support local ethnic farmers in distributing farm produce from annual crops and building sustainable community-based tourism.

The Government’s policy of promoting cashless payment has triggered the spread of online payments in Việt Nam as well as the race of new technologies, contributing to boosting the digital economy.

In January alone, the province lured eight foreign-invested projects with a total registered capital of US$478 million. 

The stock market recorded significant volatility during the weekend session, initially boosted by banking stocks but later experiencing a sharp decline due to unexpected selling pressure in the afternoon.

VinFast’s gross profit margin showed significant improvement compared to the previous fiscal year.

Improvements in import and export demand, especially through inventory replenishment in the US and Europe, as well as the supply, expected to remain stable until 2025, will help seaport firms recover their yields.

Trần Nhất Minh, Deputy CEO cum CIO of VIB, said: "With the strategic positioning to become a leading retail bank in Việt Nam, VIB is always at the forefront of investing in technology initiatives, digitalisation, and building an advanced and robust technology platform.

The Ministry of Industry and Trade (MoIT) held a conference to deploy Việt Nam's hydrogen energy development strategy to 2030, vision to 2050 in Hà Nội on Thursday.

The export of fruits and vegetables is forecast to reach $6.5 billion this year, after setting a record of nearly $5.6 billion in 2023.

Industry experts said the current challenging economic situation and difficulties faced by businesses severely affect their ability to meet debt obligations. As there are no shortcuts to resolving old bad debts, a significant number of newly classified bad debts, which should be expected on June 30 this year, will put tremendous pressure on the country's financial sector, as well as businesses.

International experts predict that Việt Nam will see tremendous asset growth over the next decade as the country consolidates its position as a global manufacturing hub.

In the new year, many businesses executed or planned to divest from stock-listed companies. The expected list includes dozens of companies.

Despite multiple attempts, the VN-Index was unable to sustain its upward momentum during the afternoon session on Thursday, resulting in a failure to maintain overall stability throughout the day.

The report underscores the importance of addressing the challenges faced by local enterprises, particularly small and medium-sized enterprises (SMEs), in accessing trade finance, recommending the development of innovative digital offerings and stronger regulatory frameworks.

HCM City Export Forum and Fair 2024 will be held in the southern metropolis on May 8-11. The event will bring together Vietnam’s leading exporters who will popularise their high-quality agricultural products, food and beverage, garment and textile products, leather shoes and handbags, and supporting services, among others.