Việt Nam News

A new phytosanitary measure for Việt Nam’s cut flowers exported to Australia was unveiled during a ceremony held on January 24.

After increasing inventories at the beginning of 2021 to take advantage of price differences to maximise profits, the strategy has now hit steel producers hard as global steel prices plunged at the end of the year. 

The Hải Phòng Economic Zone Authority (HEZA) on January 24 granted investment licences to five projects in industrial parks, including three foreign-invested projects worth US$140 million and two domestic ones valued at over VNĐ2 trillion ($86.9 million).

Used and new car market sees rising demand as Tet approaches

The Government and businesses should have a sustainable strategy to promote the domestic market and find other markets to consume farm products that cannot be exported to China.

Vietnamese exporters have shipped nearly 30 tonnes of dragon fruit to Australia in recent weeks at a price of VNĐ200,000 (US$8.7) per kilogramme, according to the Việt Nam Trade Office in Australia.

Vietnamese stocks logged their biggest daily drop since mid-January as losses in large-cap and financial securities stocks outweighed the boost from banking shares.

Food producer KIDO Group has announced targets for this year, including a one-third jump in net revenues to VNĐ14 trillion (US$615.5 million).

A report by Nextrans said that there are about 3,800 startups in Việt Nam, of which four are unicorns and 11 are valued at over US$100 million.

The Vietnamese automotive market is expected to rebound this year, returning to its growth track after sluggish sales in 2021, according to industry insiders.

Thanks to a scheme for state-owned enterprise restructuring during 2016-2020, many unprofitable plants in SOEs have been reinvigorated.

Recent property firm scandals have shaken the stock market, blowing tens of trillions of Vietnamese đồng and making investors feel the pain of loss when the market was in free fall.