Việt Nam News

Pandora, a Danish jewellery manufacturer, will invest US$100 million in building a new facility in the Việt Nam Singapore Industrial Park (VSIP) in the southern province of Bình Dương, under a memorandum of understanding signed between two sides on Thursday.

Many Vietnamese are gaining a foothold in the Japanese market, proving popular among local consumers.

Cooperation activities between Việt Nam and the US continue to develop strongly in all fields, particularly in investment and finance, with businesses of the two countries playing a very important role, said Prime Minister Phạm Minh Chính.

Việt Nam's GDP was forecast to grow by 5.5-6 per cent this year, albeit with significant risks and inflation in the range of 4-4.5 per cent in 2022 and likely over 5 per cent in 2023, said economists and policymakers during an economic forum organised by the Ministry of Planning and Investment in Hà Nội yesterday. 

Yên Bái aims to develop organic-certified supply chains of cinnamon in the province to keep up with the global demand for sustainable cinnamon products.

The retail prices of oil and petrol continued to rise from May 11 following the latest adjustment by the Ministry of Industry and Trade and Ministry of Finance.

The stock market finished lower on Thursday, reversing its previous course due to a strong sell-off with many large-cap stocks hitting floor prices. 

The IFC and the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) signed a memorandum of understanding on May 11 to become strategic partners for helping small and medium enterprises scale up finance and participate in global supply chains, including high-tech agricultural chains.

Passengers can reserve air tickets for flights between Hà Nội and Fukuoka/Nagoya with fares as low as US$17 (excluding taxes and fees), Vietjet said, adding that the Bangkok-Fukuoka service can be booked with super saving fares from $9 within May 16-20. 

Samsung Vina Electronics Co Ltd (SAVINA), Samsung Electronics Vietnam Co Ltd (SEV), and Junior Achievement Vietnam (JA Vietnam) on Thursday officially launched the fourth season of the "Solve for Tomorrow 2022" contest to encourage students to apply technology in practice to tackle social and local problems.

Vietnamese multi-sector corporation Vingroup aims for net revenue of about VNĐ140 trillion (US$6.06 billion) this year, an increase of 11.4 per cent year on year and after-tax profit of about VNĐ6 trillion ($260 million), heard the firm’s annual stakeholders’ meeting held on Wednesday.

Manulife Vietnam continues to get the best out of our employees by fostering a more supportive culture that places humanity and compassion alongside improving an individual’s working experience.

Capital mobilisation plans are now the centre of attention at the 2022 General Meeting of Shareholders of securities companies, with diversified fundraising channels.

Crop failures have dented pepper production, leading to nearly 7 per cent in pepper imports in the first four months.

Prime Minister Phạm Minh Chính has met and held talks with US Secretary of Commerce Gina Raimondo on Wednesday (US time) in Washington DC as part of his trip to the US to attend the US-ASEAN Summit.

Trương Hùng Long, director of the Department of Debt Management and External Finance under the Ministry of Finance, spoke with Vietnam News Agency about improving the national credit rating.

Việt Nam expects the US will share its experience in developing the financial market in a healthy, safe and transparent manner, contributing to macroeconomic stability, Prime Minister Phạm Minh Chính told the US Secretary of the Treasury Janet Yellen on Wednesday during his visit to the country.

Though deposit interest rates have increased significantly this year, experts forecast lending rates will remain relatively stable to support economic recovery.