Việt Nam News

Designer brands have joined HCM City’s promotion programme “Shopping Season”, taking place between August 25 and 27.

Việt Nam’s luxury coastal real estate market is facing significant challenges due to excess inventory and liquidity issues, industry insiders said.

The project has a total preliminary cost of VNĐ1.17 trillion (US$79.4 million), plus compensation and resettlement support costs of VNĐ277.3 billion, and a total land area of about 218.96 ha.

Việt Nam's property market has been experiencing a downturn for nearly a year, leading to concerns about its impact on banks and the overall economy.

VinFast's US factory project is the first electric vehicle manufacturing facility in North Carolina, as well as the largest economic development initiative in the state's history.

Investors should buy in stocks of businesses with strong resilience in the second half of this year, amid the context that the stock market is entering a growth momentum.

The HCM City People's Committee has instructed relevant agencies to incorporate social and worker housing projects into the city’s investment stimulus programme and streamline administrative procedures to help achieve the target of building at least one million social units by 2030.

Fruit and vegetable exports have been worth US$3.25 billion in the year-to-date, a 68.8 per cent increase year-on-year and already in excess of the 2022 figure of $3.16 billion.

According to Statista market research company of Germany, online sales will account for about one-tenth of Việt Nam’s total retail sales and revenue of the country’s e-commerce market will reach US$9 billion by 2025.

The proposed cost for recycling packaging in the Ministry of Natural Resources and Environment’s draft regulation are unreasonably high, which would push up prices, causing difficulties for themselves and consumers, businesses said.

Fireproof elevator shaft gates can cost businesses up to VNĐ1 billion, an unnecessary cost created by unnecessarily restrictive regulations.

Masan Group Corporation (HOSE: MSN) has released its unaudited financial results for the first half of 2023, with net revenue reaching VNĐ37.3 trillion (US$1.5 billion), an increase of 3.6 per cent versus VNĐ36 trillion ($1.5 billion) in the same period last year.

The tax authority estimated that about 112 MNEs in Việt Nam would be affected by the global minimum tax if it was applied from 2024.

Unlike previous years, the State Bank of Vietnam (SBV) this year allocated the credit growth quota of around 14 per cent in the whole year of 2023 for commercial banks right at the beginning of July 2023 with an aim to boost lending.

As of July 17, the lender’s market capitalisation reached more than VNĐ71.4 trillion (US$3 billion), doubling its value since its listing on the southern bourse.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed the week at 1,207.67 points, a gain of 10.34 points, or 0.86 per cent. It was its highest close in ten months and a weekly gain of 1.8 per cent.

It's time to change the mindset of "growing at all costs" in e-commerce and bring environmental concerns to the fore. Otherwise, its impact could be devasting.

A business working visit led by the governor of Wakayama helps promote understanding and cooperation and investment between two localities on the 50th anniversary of the Japan-Việt Nam diplomatic ties.