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Five banks earned profits of more than VNĐ10 trillion in H1 2023

Five banks in Việt Nam recorded a pre-tax profit of more than VNĐ10 trillion (US$422 million) in the first six months of this year, financial statements of the banks showed.

Businesses urged to diversify export markets amid current difficult context

Phạm Thị Ngọc Thủy, Director of the Office of the Research and Development Department of the Private Economy described the diversification of export markets as a matter of survival for businesses in the current context.

Rubber exports to Russia set a new high in H1

Exports of rubber goods to Russia witnesses an impressive result of a 465 per-cent growth year-on-year in the first half, totalling nearly US$5.1 million.

After struggling in H1, auto firms expect recovery

Automobile enterprises listed on the stock exchanges reported a sharp decline in profits, weighed by weak demand.

Mechanism for direct power purchase proposed

The Ministry of Industry and Trade has submitted a report to the Prime Minister about options for a direct power purchase agreement mechanism (DPPA) between renewable power generators and large electricity users without going through Vietnam Electricity (EVN).

Shares volatile, but liquidity increases

Việt Nam's stock market is experiencing a notably volatile phase with continuous fluctuations in indexes.

National culture-business forum to be held in HCM City

The third National Culture and Business Forum will be held in HCM City on November 18.

More firms delay bond payments in Q2, total US$7.71 billion outstanding

Even though the bond market showed signs of recovery in the second quarter, many issuers were still late in paying bonds' principal and interest.

Opportunities for Việt Nam to boost rice exports: official

The ministry reported that Việt Nam shipped abroad 4.84 million tonnes of rice valued at US$2.58 billion in the first seven months of this year, up 29.6 per cent from the corresponding time last year.

Nghi Sơn refinery maintenance leads firms to import petroleum products

Nghi Sơn Refinery will still supply petrol products as normal in August but will stop deliveries in September and October for 55 days of maintenance.

Higher electricity prices aim to boost economic development

Recent adjustments made to Việt Nam's electricity retail prices were part of an effort to fuel the next economic development phase, said the former head of the General Statistics Office of Vietnam (GSO) Nguyễn Bích Lâm.

Young people spending more for travelling

Nearly half of millennial and Gen Z travelers in APAC including Việt Nam plan to spend double their average monthly income on travel, according to a new travel pulse survey by Klook about 2023 travel trends in APAC in general and in Việt Nam in particular.