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Việt Nam’s garment industry rebounds, but challenges loom

Việt Nam attracts $1.69 billion in foreign investment in January

One bright spot in January was that 153 new foreign-invested projects, valued at $1.2 billion granted licences, up 48.5 per cent in number and 3.1 times in value which was a signal to confirm the confidence of foreign investors in the investment environment of Việt Nam, the FIA said.

Foreign suppliers have paid taxes worth $76.7 million via official portal

The General Department of Taxation’s portal https://etaxvn.gdt.gov.vn/nccnn/Reques was exclusively developed for foreign suppliers and put in place on March 21 last year.

January’s CPI increases 0.52 per cent due to high Tết demand

Việt Nam’s consumer price index (CPI) in January edged up by 0.52 per cent month-on-month, fueled by high consumer demand for the Lunar New Year or Tết which fell in the same month, the General Statistics Office said on Sunday.

Steel companies witnessed hardships in Q4

Steel companies witnessed hardship in the fourth quarter of 2022 with many big players sufferring losses.

Technology and telecommunications businesses benefit from digital economy

Even under the attraction of the field of telecommunications technology, mergers and acquisitions activities in this industry have been promoted.

SSI profit reaches $89.3 million in 2022

SSI Securities Corporation’s revenues and profits reached VNĐ1.47 trillion (US$62.2 million) and VNĐ289 billion ($12.29 million) in the fourth quarter of last year.

ABBANK achieves $71.9 million in profit in 2022

An Bình Commercial Joint Stock Bank (ABBANK) has reported a pre-tax profit of nearly VNĐ1.69 trillion (US$71.9 million) last year, a year-on-year drop of 13 per cent.

PM launches Lunar New Year operations of Tân Cảng – Cát Lái Port

Prime Minister Phạm Minh Chính on Sunday attended a ceremony to give the order to handle the first cargo in the Year of the Cat at Tân Cảng – Cát Lái Port in HCM City.

Many Vietnamese spices removed from the EU's control list

Accordingly, for Việt Nam, spices that were previously controlled at 50 per cent such as coriander, basil, mint, parsley have been removed from the control list.

Financing's role in reaching net-zero emission

Reducing emissions becomes the priority mission for all countries in the world and the lodestar for investment trends

Second-hand products becoming more popular in Việt Nam

The consumption habits of Vietnamese people are changing after the COVID-19 pandemic, with many using second-hand products to save money and promote sustainability

Foreign investors remain optimistic about VN stock market

Foreign investors' confidence in the Vietnamese stock market is reflected in net buying activities, especially in the last months of 2022

Tax and land-use fee reductions should continue in 2023: MoF

The Ministry of Finance (MoF) said tax support policies and land-use fee reductions for businesses should be continued throughout 2023 despite shortfalls in state budget collection.

State-owned banks under capital increase pressure

Việt Nam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders

Market’s uptrend may slow down in the near future

The market's uptrend in the near future may slow down and the risk of correction is increasing, brokerage said.

Việt Nam among world’s 10 biggest recipients of remittances

Despite the COVID-19 pandemic’s major impacts on the global economy over the last two years and growing inflation in many countries, remittance flows into Việt Nam remained relatively stable compared to previous years, the report noted.

Supermarkets, traditonal markets gradually resume normal operations amid abundant supply

Many supermarkets in HCM City such as Co.opmart, Co.opXtra, Co.op Food, Go!, Big C, Tops Market, and AEON opened from January 23, the second of the new year.

Jewellery companies brace for God of Wealth Day rush

Jewellery companies have stocked a wide range of gold items to meet the usual surge in demand on the God of Wealth Day, which this year falls on January 31.

PNJ profits soar in 2022

Phú Nhuận Jewelry Joint Stock Company (PNJ) achieved impressive results last year, with net revenues and profits surging by 73.3 per cent and 75.6 per cent from 2021 to nearly VNĐ33.9 trillion (US$1.4 billion) and VNĐ1.8 trillion ($76.7 million).

1,600 more cooperatives to be formed this year

Among a series of measures set to boost the growth of the group in 2023 is forming cooperative units and farms with links to enterprises for production, processing and sale.