Việt Nam News

According to the Việt Nam Association of Supporting Industries (VASI), Vĩnh Phúc now has 16 domestic enterprises becoming tier-1 suppliers in the supply chains of electronic products, automobiles and motorbikes of FDI companies in Việt Nam.

The recent market uptrend has been supported by positive business performance from listed companies. According to VNDirect, the estimated net profit of 1,128 companies (accounting for 96 per cent of market capitalisation) in the fourth quarter of 2023 rose by 30 per cent compared to the same period in 2022.

While optimistic about a recovery in wood products exports, industry insiders also cautioned about the challenges ahead and said businesses should adopt flexible strategies and enhance promotions to retain their traditional customers and get new ones.

Việt Nam has been emerging as a key market for large semiconductor chip production globally. However, competition among countries in the region and around the world in attracting foreign direct investment, especially in the semiconductor industry, is fierce. So what solutions does Việt Nam need to take advantage of opportunities to welcome a wave of investment in the sector?  Vietnam News Agency spoke to Hoàng Việt Anh, Deputy General Director of FPT Corp on this issue.

E1, an importer and distributor of liquefied petroleum gas (LPG) under the Republic of Korea’s LS Group. announced on Wednesday that it has signed a joint contract with Venus Gas, the largest LPG importer in northern Việt Nam, to build an LPG terminal in Bắc Tiền Phong industrial complex in Việt Nam's northern coastal province of Quảng Ninh.

The Mekong Delta of Tiền Giang Province is striving to add 50 "One Commune One Product" (OCOP) agricultural products.

Việt Nam's rice exports are expected to continue their upward trajectory this year, toward a milestone of US$5 billion in turnover.

The market closed largely unchanged on Wednesday as bullish and bearish sentiments entered a tug-of-war.

The move was quite unexpected in the context that the peak payment period near the Lunar New Year has passed.

In January 2024, most of Petrovietnam's main production targets were completed and exceeded.

During the holiday, Việt Nam earned $730 million from exports, while spending $680 million on imports.

Barriers in implementing investment projects, which are somewhat heavier due to ineffective coordination, continue to impede investment and business activities and can lead to reduced business trust and motivation.

Enjoying a rise in orders, the garment and textile sector is optimistic about the completion of its target of earning US$44 billion in export revenue set for this year. Currently, the majority of businesses in the industry reported that they have received orders for production until May.

Dragon Capital's aggressive stock acquisition of FPT Retail (FRT) over the past year is likely aimed at the Long Châu pharmacy chain, the main growth driver of FPT Retail.

The city’s enterprises have affirmed their strong growth by playing a key role in export activities, gradually reducing dependence on FDI enterprises as export turnover reached $9.5 billion last year, accounting for a proportion of 57 per cent, up 3.7 per cent.

The amended law now allows businesses to pay annually with those who already made their one-time payments for the lease offered the option to switch to the new system.

Việt Nam's export of agricultural products recorded impressive growth in the first month of 2024 and is expected to see a breakthrough in the whole year.

Foreign investors were still net buyers on the market, net buying VNĐ129.8 billion on both main exchanges.