Logistics firm Gemadept sees both revenue and profit up in 2023
Logistics firm Gemadept Corporation (Gemadept) plans to earn revenue of VNĐ3.92 trillion, up 3 per cent compared to 2022 and profit before tax of VNĐ1.14 trillion, up 14 per cent.
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Informal expenses for customs clearance decline
Each company has to spend about 14.9 hours to complete a cross-border trade transaction and incur direct costs of around VNĐ3.8 million (US$165) for logistics services, according to the 2022 Administrative Procedure Compliance Costs Index (APCI) report.
EU relaxes food safety regulation for Vietnamese instant noodles
The EU has officially moved Việt Nam’s instant noodles from Annex II which requires a Health Certificate (HC) and 20 per cent control at the border gate to Annex 1 which only requires 20 per cent control of the products at EU border gates.
Brazil is Việt Nam's largest trading partner in Latin America
Brazil is Việt Nam's largest trading partner in Latin America and one of the three largest markets of Việt Nam in the Americas market, according to the Việt Nam Trade Office in Brazil.
High quality products with clear origins attract consumers
Acting director of Hà Nội Department of Industry and Trade Trần Thị Phương Lan said the consumers in the capital as well as nationwide prefer specialty products with clear origins, brand, geographical indication, good quality, so they are willing to accept higher prices than similar products in the market.
Shares extend rally, focusing on retail, food-beverage and seafood
Shares extended rally from last week, concluding Monday in a positive territory with focus on retail, food-drink and seafood processing industries.
LIXIL’s GROHE and American Standard celebrate property industry excellence
LIXIL power brands, GROHE and American Standard, celebrated the outstanding achievements in the architecture, interior design, real estate and property development sectors at the Asia Pacific Property Awards 2023-24 held in Bangkok recently.
Yeah1 targets growth of 35 per cent in 2023
Yeah1 Group Corporation (YEG) is targeting revenue growth of over 35 per cent to reach VNĐ425 billion (US$18.2 million) in 2023.
Bình Phước’s cashew nuts recognised as 5-star OCOP product
“Salted roasted cashew nuts”, “Plain cashew nuts” and “White cashew nuts” have become the first to be recognised as 5-star OCOP (one commune one product) products at the national level of the southern province of Bình Phước – the country’s cashew “capital”.
HOSE's profit plunges 23 per cent in 2022
According to HOSE, the reason for the sharp decrease in revenue in the past year was mainly due to the drop in revenue from securities trading activities which reached only VNĐ2.3 trillion, down nearly 22 per cent compared to the previous year.
Firms call for measures to end delays in tax refunds
By 2023, delayed refunds in the timber sector had amounted to over VNĐ6 trillion (US$255 million).
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Vietnamese people optimistic about personal finances, anxieties remain about the cost of managing health
A total of 7,224 people, aged 25 to 60 years old, were surveyed in late December 2022 and early January 2023. In Việt Nam, 1,015 people were surveyed. Each respondent either owns insurance or intends to buy insurance.
Capital city strives to new industrial zones and clusters to attract foreign investors
Statistics from Hà Nội Department of Planning and Investment revealed that the city had to date attracted over US$69.84 billion worth of foreign investment, ranking second among localities nationwide.
Idle cash flows may return to the market: experts
Rate cuts since the beginning of the year could have a favourable influence on the stock market, with the expectation that idle cash flows will shift to the stock channel when deposit interest rates fall.
Comprehensive solution needed to support loss-making enterprises
Statistics of financial data provider Fiin Group showed that in the fourth quarter of 2022, there were about 251 loss-making enterprises out of a total of about 1,000 enterprises that published financial statements.
Vietnamese lychee, longan eye bigger market share in Singapore
A series of activities, including the Vietnamese Goods Week programme, as well as business networking and lychee testing events, have taken place in the island nation.
VN eyes investment in clean energy to develop carbon market, achieve net zero emissions
Việt Nam is seeking investment in clean energy as part of its scheme to develop a carbon market to achieve net zero emissions by 2050.
State budget revenues from export-import down 18% in five months
During the period, the country's total export-import value was estimated at $262.54 billion, down 14.7 per cent year-on-year.
Building material industry in a jam amid stagnant property market
It was critical to promote housing development, especially social housing projects, urban areas and transport infrastructure projects and speed up public investment disbursement to support the building materials markets.
Science, technology plays an important role in socio- economic development
Science and technology has become indispensable to socio-economic development and digital transformation, deputy secretary of the HCM City Party Committee, Nguyễn Hồ Hải, has said.
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