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From byte to boom Việt Nam eyes crypto credibility

FDI flow to Bình Dương triples in Q1

The southern province of Bình Dương attracted about US$1.6 billion worth of foreign direct investment (FDI) in the first quarter of 2022, 3.6 times higher than that in the same period last year.

The rise of construction materials price

Prices of construction materials like iron and steel, cement, stone, and sand have increased relentlessly since the beginning of this year due to a surge in demand caused by the peak construction period being delayed by COVID-19 from February-April last year.

VN targets $20 billion in timber exports by 2025

Việt Nam is targeting US$20 billion in total timber exports by 2025, an increase of more than $9 billion compared to now.

Cần Thơ supports start-ups in digital transformation

Named FUNDGO, the fund is the first of it kind in the city to support and invest in start-ups. It is established by the city-based TRUSTpay Joint Stock Co.

KOTRA brings firms together on bilateral trade

The Korea Trade-Investment Promotion Agency (KOTRA) in Hà Nội has organised a trade event to boost commercial links between Vietnamese buyers and Korean sellers.

Shares extend gains on the rise of multiple sectors

Vietnamese markets extended gains and ended higher on Tuesday, thanks largely to sharp rises in banking, securities, oil and fertiliser shares.

Banks to pay dividends ahead of annual meetings

Shareholders are now focusing on news about bank dividends, especially as banks have been doing well throughout the past year despite the COVID-19 pandemic.

Việt Nam to focus on small agricultural processing businesses

Việt Nam was set to be in the top 10 deep processing centers of the world by 2030 however experts said if the Government’s solutions and mechanisms in policies were not implemented synchronously, this goal was hard.

Most firms not legally well-informed

Vietnam Competition and Consumer Authority (VCCA) and Japan International Cooperation Agency recently conducted a survey on small and medium firms to assess their awareness of Competition Law.

Vietnamese, Lao businesses work to speed up strategic cooperation projects

Vietnamese and Lao businesses discussed ways to speed up the implementation of large-scale Vietnamese-invested projects in Laos and seek new cooperation projects of strategic importance during a workshop in Vientiane on Monday.

Local enterprises should promote traceability: official

Domestic enterprises need to enhance the application of traceability technology and improve product quality assessment technology, said Trần Thanh Hải, deputy director of the Department Import and Export.

ETFs bullish about securities market

With more firms being added to portfolios in Q1, foreign Exchange Traded Funds (ETFs) are optimistic about Việt Nam’s securities market.

Low level of car production holds back Vietnamese auto part suppliers

50,000 vehicles per year is the minimum production level needed for the growth of the Vietnamese auto part industry. Unfortunately, few car producers in Việt Nam have reached such a level.

Việt Nam’s rapid loan growth impedes bank capitalisation drive

Low capitalisation levels are likely to remain a credit weakness for rated Vietnamese banks as rapid loan growth will make it challenging to raise capital adequacy ratios (CARs) in the next two to three years, according to Fitch Ratings.

Ukraine conflict, COVID make it double-whammy for VN businesses

Businesses in Việt Nam are facing new challenges brought by the Russia – Ukraine conflict in addition to lingering COVID-19 problems.

Supermarkets keep prices steady, even launch promotions, despite oil shock

Many supermarkets are under pressure from suppliers of foodstuffs and other consumer products to raise prices following a sharp increase in petroleum prices, but they are negotiating hard to keep them steady and have launched promotions.

Tax portal and app for cross-border digital commerce platforms unveiled

Starting from March 21, cross-border e-commerce platforms may send in their tax forms via a new e-portal at http://etaxvn.gdt.gov.vn or Etax Mobile app under the management of the Ministry of Finance.

Potential of Mekong Delta ports waits to be tapped

With more than 14,800km waterways, the Mekong Delta has great potential to develop port and logistics infrastructure, but it has yet to take advantage of it with the existing system lacking intra-regional connectivity.

Petrol prices down by 600 VNĐ per litres after seven hikes

Retail petrol prices reduced by more than 600 VND per litre from 3pm on March 21 following the latest adjustment by the Ministry of Industry and Trade and the Ministry of Finance.