Việt Nam News

As Việt Nam pushes for greater implementation of an economic model that emphasises on innovation, restructuring and enhancing national competitiveness bolstering regional connectivity has become a key target for the development of local cooperatives, said participants at a conference in Hà Nội yesterday.

Five banks in Việt Nam recorded a pre-tax profit of more than VNĐ10 trillion (US$422 million) in the first six months of this year, financial statements of the banks showed.

Phạm Thị Ngọc Thủy, Director of the Office of the Research and Development Department of the Private Economy described the diversification of export markets as a matter of survival for businesses in the current context.

Exports of rubber goods to Russia witnesses an impressive result of a 465 per-cent growth year-on-year in the first half, totalling nearly US$5.1 million.

Automobile enterprises listed on the stock exchanges reported a sharp decline in profits, weighed by weak demand.

The Ministry of Industry and Trade has submitted a report to the Prime Minister about options for a direct power purchase agreement mechanism (DPPA) between renewable power generators and large electricity users without going through Vietnam Electricity (EVN).

Việt Nam's stock market is experiencing a notably volatile phase with continuous fluctuations in indexes.

The third National Culture and Business Forum will be held in HCM City on November 18.

Even though the bond market showed signs of recovery in the second quarter, many issuers were still late in paying bonds' principal and interest.

The ministry reported that Việt Nam shipped abroad 4.84 million tonnes of rice valued at US$2.58 billion in the first seven months of this year, up 29.6 per cent from the corresponding time last year.

Nghi Sơn Refinery will still supply petrol products as normal in August but will stop deliveries in September and October for 55 days of maintenance.

Recent adjustments made to Việt Nam's electricity retail prices were part of an effort to fuel the next economic development phase, said the former head of the General Statistics Office of Vietnam (GSO) Nguyễn Bích Lâm.

Nearly half of millennial and Gen Z travelers in APAC including Việt Nam plan to spend double their average monthly income on travel, according to a new travel pulse survey by Klook about 2023 travel trends in APAC in general and in Việt Nam in particular.

Shares rebounded on Wednesday on the back of market blue-chips but the recovery was fragile on modest liquidity.

The Shrimp Festival and One Commune, One Product (OCOP) Products Network Connection Forum will take place in the Cửu Long (Mekong) Delta province of Cà Mau on December 13-16, according to the provincial People’s Committee.

The event is to attract more than 200 companies and brands from around the world and over 3,000 visitors.

Việt Nam's manufacturing industry remained in contraction territory in July but showed some signs of stabilisation as softer declines were seen in output, new orders and employment while business confidence picked up, according to S&P Global.

HDBank has won the 2023 Asian Banking & Finance Award in the “Sustainability Initiative of the Year – Vietnam” category.