Việt Nam News

Despite challenges due to the COVID-19 pandemic, it provided a good chance for businesses that managed to exist and make breakthrough growth, according to a report by Vietnam Report JSC.

As production has recovered, and local businesses can meet orders and effectively take advantage of FTAs, experts expected local exports to reach a milestone of US$400 billion this year.

Chu Lai Port belonging to THACO Group’s Trường Hải International Logistics Limited Liability Company has invested in infrastructure, equipment, technology, and services to ensure its development is commensurate with the planning and long-term development orientations.

Fruit processors in the country are unable to source raw materials but, paradoxically, fruits farmers are unable to find buyers for their produce.

Over the last decade, Việt Nam has become a top destination for investment in manufacturing thanks to lower labour costs, simpler supply chain integration, better free trade access, and relative political stability, according to an article freshly published by the news site tradefinanceglobal.com.

Many steel enterprises saw profits drop by up to 90 per cent in Q2 of this year, amid plunging steel prices.

Global rate hike and rising inflation are putting pressure on Việt Nam's monetary management policy.

Domestic banks have promoted lending to firms exporting to the UK to capitalise on the UK-Việt Nam Free Trade Agreement (UKVFTA) as Việt Nam’s shipments to the market have been growing impressively after more than a year since the deal took effect.

The market rose slightly last week, but cautious sentiment capped gains. In the short-term, the VN-Index is expected to escape the downtrend that has last since April, said experts.

Speaking at the “Blockchain in the digital transformation era”, Huy Nguyễn, vice chairman of the Việt Nam Blockchain Association, said Việt Nam has become an emerging market for blockchain thanks to its achievement in digital transformation and digital economy.

HDBank and Unilever Vietnam have signed a strategic agreement that promises to bring huge benefits to customers and enterprises, help optimise their supply chain, scale up finance, and improve service quality.

Government Decree No 44/2022/NĐ-CP on the development, management and use of the information system about housing and real estate is expected to improve the transparency of the property market.

The Cửu Long (Mekong) Delta province of Kiên Giang has approved a project for sustainable aquaculture development on an area of 5,500ha in Hòn Đất District in 2023 – 26.

Many banks have so far not only closed their doors to real estate development borrowers but also restricted loans to home buyers.

The State should have policies to encourage the import of seafood materials for export processing because processing factories lack raw materials, according to the Việt Nam Association of Seafood Exporters and Producers (VASEP).

The Asian Development Bank (ADB) keeps this year’s growth forecast for Việt Nam at 6.5 per cent in 2022 and 6.7 per cent in 2023 as released in the April 2022 Asian Development Outlook (ADO).

SSI Securities Corporation reported a after-tax profit of VNĐ416 billion (US$17.7 million) on revenue of VNĐ1.58 trillion ($67.3 million) in the second quarter of the year, a year-on-year decrease of 26 per cent and 8 per cent, respectively.

Việt Nam will work closely with Korea to foster trade and investment, a conference heard in HCM City yesterday (July 22).