Việt Nam News

Thirty-two businesses on Sunday (January 14) were honoured with the HCM City Golden Brand Award 2023 for their exceptional dedication to building and developing brands for their products and services. 

Petrovietnam has aimed for higher targets in 2024 to ensure continuous growth and sustainable development.

Phan Minh Thông, General Director of Phúc Sinh JSC, said the fund would not participate in operating the business but simply provide financial support. This has been the first time the company received foreign investment in 22 years of operation. The deal was completed after 18 months of negotiation.

The forum’s target is to create a platform that not only helps improve mutual understanding but also promotes deep interactions and innovation partnership between Việt Nam and Switzerland.

Trading through commodity exchanges would help mitigate risks for both buyers and sellers and create fair, competitive prices for Vietnamese agricultural products as well as prevent the recurring crashing of prices when farmers have bumper crops, speakers told a seminar in HCM City last week.

With a positive economic outlook, the Ministry of Industry and Trade aims to increase exports by 6 per cent in 2024, running a trade surplus for nine years in a row, estimated at US$15 billion.

2023 marked a significant milestone for the forestry sector as Việt Nam successfully sold 10.3 million forest carbon credits (10.3 million tonnes of CO2) for the first time through the World Bank (WB) for US$51.5 million, said Deputy Minister of Agriculture and Rural Development Nguyễn Quốc Trị.

According to the Vietnam Steel Association (VSA), steel sales in November and December 2023 reached the highest levels in 20 months with growth between 20-40 per cent for different products.

On Friday, the benchmark VN-Index experienced a decline of 0.65 per cent, closing at 1,154.70 points. Throughout the past week, the average trading volume on the southern exchange stood at 90.5 million shares per session, with a total value of VNĐ1.8 trillion (US$73 million).

HCM City’s Department of Industry and Trade will deploy a number of measures to enable it to always stay ahead of trends, helping the city maintain its role as the economic locomotive and take the lead in innovation in the country, according to the Department.

Bia Saigon in co-operation with the HCM Central Youth Union (HCYU) on Sunday presented 600 Tết gifts to workers in Hà Nội’s Gia Lâm District.

The ground-breaking ceremony was held by the provincial People’s Committee and Becamex Tokyu Co. Ltd, a joint venture between Tokyu Group of Japan and Becamex IDC Corporation of Việt Nam.

At the dialogue, President Widodo suggested the two countries step up dialogues and high-quality cooperation to realise their common vision of becoming high-income nations by 2045.

Analysts from Vietcombank Securities Company (VCBS) say they expect a recovery of the real estate market from the second half of this year when the actual demand for buying houses to live in is still high and the need for property investment increases again.

Currently 70 per cent of businesses have changed their strategies and have had many export orders.

Constructing the Key Industrial Law aims to establish an independent, self-reliant and resilient industrial base.

VOSCO has been unable to pay cash dividends for over 12 years.

The credit risk-weighted (CRW) for loans to buy social houses and houses under the Government’s support programmes and projects will be reduced by half to a maximum of 50 per cent.