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Việt Nam’s rice race heats up with fresh push for quality gains

As banks hike deposit interest rates, loans set to become costlier

BUSINESS BEAT

Hà Nội launches price stabilisation programme for essential goods in 2022

Hà Nội has just issued a plan on implementing a price stabilisation programme covering essential goods in 2022.

Central bank sold greenback to stabilise forex market

The State Bank of Việt Nam (SBV) has so far this year sold about US$12-13 billion to stabilise the domestic forex market, according to Viet Dragon Securities Corporation (VDSC).

Ninh Thuận’s farmers link with firms for price, production stability

More farmers in the south–central province of Ninh Thuận are linking with companies to mitigate the risk of price volatility and stabilise production.

Shares to go up after absorbing more supply

Shares are forecast to continue their uptrend after absorbing more supply, said analysts.

Wood exports forecast at $16.3 billion this year

The export of timber and wooden products is forecast to reach US$16.3 billion in 2022, close to the target set at the beginning of the year, according to the Việt Nam Administration of Forestry (VNFOREST).

Digital transformation key for firms to expand export markets: conference

Digital transformation will play a key role in assisting businesses, especially small- and medium-sized enterprises (SMEs), revive and expand export markets post-COVID, experts said.

PM attends investment promotion conference in Hậu Giang

Hậu Giang converges many favourable factors and has great potential and advantages for socio-economic development, especially in agriculture, logistics, energy and tourism, stressed PM Phạm Minh Chính.

$2 billion thermal power plant Sông Hậu 1 in Mekong Delta inaugurated

Prime Minister Phạm Minh Chính remarks that the plant’s operations will help ensure energy security, one of the biggest concerns of the economy right now.

Masan to build $149 million foodstuff centre in Hậu Giang

Vietnamese conglomerate Masan Group Corporation has received permission to invest VNĐ3.5 trillion (US$149 million) in a Foodstuff Industry Centre project in Hậu Giang Province to produce foodstuff and cosmetic products.

Non-sharing mindset holds back digital transformation in tourism

Sector-wide digital transformation has been set in motion for a while but many tourism firms are holding back the process with a reluctance to share data.

Blockchain industry faces talent shortage

A lack of human resources in the booming blockchain industry is one of the biggest problems in developing blockchain projects in the country.

Việt Nam-UK trade expected to reach US$10 billion

The trade revenue between Việt Nam and the UK is expected to reach US$10 billion in the next one or two years thanks to strong support from the Việt Nam - UK Free Trade Agreement (UKVFTA).

VN stock market's outlook still bright in second half of 2022

The Vietnamese stock market witnessed a strong correction recently, mainly due to international macroeconomic factors, including global soaring inflation and the US Federal Reverse rate hikes.

Stocks tumble as indices see falling wedge pattern

Stocks stumbled on Friday as investors’ optimism petered out amid strong selling forces.

PM calls for safe, healthy development of real estate market

Prime Minister Phạm Minh Chính underlined the need to remove "bottlenecks" in the real estate market while chairing an online conference on July 14 on measures to ensure safe, healthy and sustainable development of the property market.

PM asks EVN not to slow down the progress of key power projects

The PM believes that by speeding up the implementation of key projects, national energy security will be ensured, aiding the country’s overall economic development.

Irradiation centre in Cần Thơ City expected to reduce logistic cost in Mekong Delta

The Cần Thơ Irradiation Joint Stock Company held a groundbreaking ceremony Thursday (July 14) for the construction of a large-capacity irradiation center in Tân Phú Ward, Cái Răng District, city of Cần Thơ.

Vietjet honoured as value airline of the year

The awards recognise the airline’s combination of expansive flight network, low fares, diversified services, clever promotions and personalised options for busy and highly demanding passengers

H.C. Starck invests in battery business Nyobolt

H.C. Starck Tungsten Powders (HCS), a wholly owned subsidiary of Masan High-Tech Materials (MHT), on July 15 announced the signing of agreements to invest 45 million British pounds (US$53.2 million) for a 15 per cent in Nyobolt Limited.