Việt Nam News

The National Startup Festival 2022 opened on Wednesday in Hà Nội, gathering policymakers; start-up accelerators, mentors and advisers; investors, business leaders and representatives of international organisations.

The impressive figure made the US become the second trade partner with import-export turnover with Việt nam reaching the $100 billion mark after China. 

Agriculture, beauty and personal care; and home and gardening are three potential export industries in which Vietnamese small-and-medium enterprises (SMEs) can grab the opportunity to grow their business in 2022.

Shares rose strongly in the latter half of the afternoon session, lifting the VN-Index up 1.56 per cent to close Thursday at 1,465.30 points.

VPBank has been honoured in the “Việt Nam’s 50 Best-performing Companies” (TOP50) for five consecutive years thank to its proactive shifting business focus and controlling risks well during the complicated pandemic situation in Việt Nam.

Masan Group Corporation’s consolidated net revenues increased by 14.8 per cent in fiscal 2021 to VNĐ88.63 trillion (US$3.9 billion), driven by strong topline growth across nearly all businesses, preliminary unaudited financial results for the year released on January 19 show.

Trade between Việt Nam and Hungary has grown continually over the past years, and it is believed that there remains room for the Southeast Asian country to fuel exports to this European nation.

Vietnam International Bank (VIB) had a great performance in 2021 with a profit exceeding VNĐ8 trillion (over US$343 million), up 38 per cent year-on-year, according to its business results released on Wednesday. 

Only 22 out of HCM City’s 233 markets that were closed as a safeguard measure against COVID-19 were yet to reopen as of Jan 17.

There is still plenty of room for trade growth, and Vietnamese firms could rely on online platform to expand their market reach in the UK.

While many plastic enterprises reported positive results in both revenue and profits in the fourth quarter of last year, there are still enterprises reporting a decline in profits, even suffering losses.

The Cửu Long (Mekong) Delta region, which covers 13 cities and provinces, has many advantages for attracting investment, especially foreign direct investment (FDI), thanks to its huge potential for agricultural production and renewable energy development.

Vietnamese authorities have repeatedly encouraged businesses to quickly switch to official export channels to avoid putting themselves at risk. However, due to China’s import regulations, many Vietnamese enterprises are still not confident to select this mode to export some products to China.

The proportion of Japanese enterprises operating in Việt Nam forecast to be profitable in business activities last year is 54.3 per cent, up 4.7 points compared to 2020.

Indices were mixed on Wednesday, with some large-cap stocks rebounding from the recent sell-off. 

The HCM City Department of Industry and Trade and the United States Agency for International Development organised a conference to discuss ways to help import-export enterprises in HCM City overcome challenges and carry on trade amid the COVID-19 pandemic on January 18.

FPT software signs strategic cooperation with Japanese True Data

Việt Nam’s baby care-focused firm Con Cưng has secured an investment of US$90 million from Singapore-cased Quadria Capital.