California Fitness commits $25 million to Việt Nam

California Fitness & Yoga on Thursday announced a US$25 million commitment to Việt Nam, with the investment earmarked for the renovation of multiple clubs, the continued upgrade and innovation of products and services and for the renewal of leases in prime locations in Hà Nội and HCM City.

New Nestlé products enhance children’s digestion, immune system

Nestlé Vietnam has launched NAN Optipro Plus 4 formula products containing five human milk oligosaccharides (HMOs), a probiotic known as Bifidobacteria and Optipro protein, which the company says support children’s digestion and strengthen immune systems.

Series of events scheduled to foster cashless payment

A series of events and activities will be held under the 2023 Cashless Day to promote the adoption of non-cash payment and contribute to achieving the Government’s plans to drive Việt Nam towards a cashless society.

Market instabilities cause steel firms to adjust business plans

The freezing of the Chinese real estate market, falling prices of rebars in China, Việt Nam’s EVN raising electricity prices, and the State Bank lowering interest rates for the third time will all impact the resilience of businesses in the steel industry in the short term.

Some struggling projects start to post profits

The handling of 12 loss-making projects under the Ministry of Industry and Trade has seen improvements with some starting to earn profits or recovering production after dozen of years in stagnation.

Banks expect big change in charter capital in 2023

Charter capital of banks is expected to have a big change this year as four State-owned banks are considering an increase in capital while the State Bank of Việt Nam (SBV) has approved a capital hike for 21 private banks.

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