Việt Nam News

The Vietnam Automobile Manufacturers’ Association (VAMA) has announced that its members sold 25,159 vehicles in June, down 42 per cent from May ending three consecutive months of gains.

The stock market ended the week on a negative note as increased selling pressure made indices reverse to fall at the final minutes of trading.

Overseas remittances to HCM City in the first six months fell by a huge 13 per cent to US$3.16 billion.

Sacombank, Bamboo Airways and Visa will launch the Sacombank Bamboo Airways Platinum co-branded credit card with superior privileges.

Due to a recent slight drop in gasoline prices, prices of dozens of fresh food products, including meat, fish, seafood, vegetables, and fruits, have been cut by 10 per cent by Big C supermarket.

Twelve Vietnamese firms participated in the Biofach/Vivaness 2022, a trade fair for organic food, from July 26 to 29 in the southern German state of Bavaria.

Standard Chartered Bank forecasts Việt Nam’s GDP growth at 10.8 per cent and 3.9 per cent for the third and last quarter of 2022, respectively, taking full-year growth to 6.7 per cent. High global oil prices may have negative consequences for the economy.

Weak demand for domestic sugar and the penetration of smuggled sugar have been dragging down sugar prices in Việt Nam, driving many producers into unprofitability.

Asia and the Pacific’s next tech startup “unicorn” may spring from Việt Nam, as the groundwork to build a strong ecosystem capable of supporting these businesses is well under way, according to a new report by the Asian Development Bank (ADB).

Disbursement of foreign direct investment (FDI) to Việt Nam hit US$11.57 billion in the first seven months, up 10.2 per cent year-on-year, the Foreign Investment Agency (FIA)'s latest report showed. 

Chairing a Government meeting after the US Federal Reserve (Fed) raised interest rates, Prime Minister Phạm Minh Chính stressed the need for macroeconomic stability, controlling inflation, and boosting economic recovery.

Digital transformation plays an important role in improving the competitiveness of textile and apparel businesses, and businesses need to adopt it, a conference heard in HCM City on Thursday.

More than 270 exhibitors from 17 countries and territories are taking part in an international exhibition of textile and garments and fabric and garment accessories (SaigonTex & SaigonFabric) that opened on Wednesday at the Saigon Exhibition and Convention Centre in HCM City.

The Law on Public-Private Partnership (PPP) has been up and running for over one year and a half, but it makes no difference to domestic investment so far, according to experts.

As cashew exports in the first half of 2022 fell by 9.2 per cent against the same period last year, the Vietnam Cashew Association (VCA) has to adjust down its annual export target by US$600 million.

MoF said that investors need to be aware of and accept the risks when buying bonds in case the enterprise cannot guarantee its obligation to pay the bond principal and interest.

Shares extended gains on Thursday thanks to a handful of banking stocks, helping VN-Index surpass 1200-point landmark.