Việt Nam News

Manufacturers are engaging in price competition, and dealers are proactively reducing prices on various motorcycle models, ranging from a few million to tens of millions of Vietnamese đồng, depending on the model.

Under the amended Law on Credit Institutions recently passed by the National Assembly, credit institutions do not have the right to repossess collateral.

The leading steel producer contributed the majority of the steel industry's profits in the final quarter of 2023.

Some immediate negative impacts included increased transportation costs, more critically, a shortage of empty containers, extended transit times, and adverse effects on the ability to fulfil import-export orders. In addition, the rise in transportation costs and oil prices will create a domino effect on the prices of other goods, leading to economic and geopolitical instability, and hindering the global economic recovery, Hải said.

To incentivize cashless payments, banks are offering customers prizes and bits of gold for making transactions of their apps

Việt Nam ranked seventh among the Latin American country's biggest trade partners last year.

The development of hi–tech parks is critical to promote the development and implementation of science and technology in the context of Industry 4.0.

The Quảng Ngãi Sugar Company announced that sales increased by 73 per cent in 2023, with revenues exceeding VNĐ4.04 trillion, more than doubling the company's 2022 figures.

Sacombank has announced its 2023 fourth quarter results that show pre-tax profits rose by 45 per cent year-on-year to over VNĐ2.7 trillion (US$110.6 million).

Since 2021, the PetroVietNam Technical Service Corporation has added offshore renewable energy as one of its core business lines and has so far achieved and maintained most of the necessary certifications for the oil, gas and renewable energy services industry.

The benchmark index's reversal were mainly due to the inflow of capital into bank stocks. 

A surge in consumer demand, particularly after the Kitchen God's Day, has been recorded through Hanoi, with a notable uptick ranging from 20-30%, reported a working delegation of the Ministry of Industry and Trade and the municipal People’s Committee following their inspection on February 5.

Aero K, an airline of the Republic of Korea, and Đà Nẵng city’s Tourism Department on February 5 evening held a ceremony to launch a new route connecting the RoK’s Cheongju to the central city of Việt Nam.

E-payment transactions in January were up 5 per cent from December 2023 and are in general growing 58 per cent year-on-year.

Prime Minister Phạm Minh Chính said SoEs hold significant material resources, large assets and capital, and they play an important role in promoting Việt Nam's economic development, ensuring social stability.

The General Statistics Office reported retail sales and consumer service revenue reached an estimated VNĐ524.1 trillion (US$21.8 billion) in January, a sign of healthy economic activity in the lead-up to the Lunar New Year (Tết) festival.

No Va Land Investment Group Corporation (Novaland - NVL) has announced its financial report for the fourth quarter of 2023, with a decrease in revenue but a surprisingly strong increase in profit, reaching the highest level in the past 3 years at over VNĐ1.64 trillion, nearly 13 times higher than the same period in 2022.

Trading volume is likely to be thin this week as investors decline to make big bets ahead of Tết.