Việt Nam News

The bad debt ratio of the banking system as of the end of May 2024 was at 4.94 per cent, higher than the 4.55 per cent at the end of 2023

Besides the domestic consumption, Bắc Giang has increased the lychee export to many markets, including the US, Japan, EU, Australia and Canada, according to the Department of Industry and Trade of Bắc Giang Province.

Divestment strategies and asset sales are key for large firms to focus on core business areas and sustain profit growth.

Companies should apply international financial reporting standards (IFRS) to improve transparency and increase the chances to expand globally, experts have said.

Changes are seen more clearly with the integrated food and energy production system in Mato Grosso, the country’s agricultural giant state.

At the close of the first trading session of the week (August 5), the VN-Index plummeted by nearly 50 points. However, immediately after the storm had passed, the market quickly regained almost half of what was lost and during the remaining three trading sessions, it made efforts to climb amid scepticism.

Through the festival, the city hopes to attract investment to realise the goal of developing Cam Ranh into a "logistics tourism city", he said.

The Vietnam-Canada Business Association (VCBA) on August 9 coordinated with the Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) to organise a seminar in both in-person and online format to support Vietnamese enterprises in accessing the North American and Canadian markets.

Việt Nam earned US$4.29 billion  from exporting textile and garment products in July, up 12.4% from the same period last year.

Prime Minister Phạm Minh Chính chaired a meeting on Hồ Chí Minh City’s socio-economic development and implementation of the National Assembly’s Resolution 98 on piloting some specific mechanisms and policies for the city’s development on August 10 in the southern metropolis.

Việt Nam’s wood industry has recorded positive signs with significant increases in the export of key products despite ongoing global economic uncertainties, according to the Q3 meeting on wood processing and export held in the southern province of Bình Dương on August 9.

The event, organised by the People’s Committee of Hưng Yên Province, was inaugurated on the evening of August 9 in Văn Giang District, Hưng Yên Province. The festival will run from August 9 to 11.

Businesses, farmers, and management authorities need to develop rational strategies in response to market changes to create breakthroughs and achieve the set export revenue target of US$4-4.3 billion for the year, experts have said.

Minister of Planning and Investment (MPI) Nguyễn Chí Dũng emphasised that the seminar is a key initiative in advancing the project aimed at developing human resources for the semiconductor industry, with goals extending to 2030 and a vision towards 2050.

With a forest coverage of 58 per cent, Bình Định has favourable conditions to establish and develop a carbon credit market, enabling local businesses to obtain green certifications for production and export.

The rapid expansion of electric vehicles (EVs) has raised a pressing need for Việt Nam to develop a synchronous grid and charging infrastructure and a step-by-step roadmap is critical to phrase out fossil fuel vehicles.

Startup and innovation are important driving forces for the country's development in the new period, Vice Chairman of the National Assembly (NA) Nguyễn Đức Hải has said.

Shares surged on Friday as the rebound of large-cap stocks enabled the VN-Index to recover 15.32 points following the previous session's decline, with foreign investors halting their four-day net selling streak.