Việt Nam News

Indices ended lower on Thursday as stronger risk-off sentiment weighed on the market, with the VN-Index posting the second daily fall.

Many plastic enterprises reported increased gross profit in the second quarter of this year thanks to lower raw material prices.

Fuel prices have fallen back to pre-January levels, but many transport firms still refuse to adjust their fares, according to authorities.

The number of air passengers reached nearly 12 million, an increase of more than 40 per cent in July compared to pre-COVID, said the Civil Aviation Administration of Việt Nam (CAAV).

Việt Nam's seafood export value is expected to slow growth to US$3 million in the third quarter due to a lack of raw materials and disadvantages in the market in the second half.

A Government to Business (G2B) conference was opened on Thursday, providing a platform where the Government can explore the private sector’s opinions and proposals.

Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on August 10.

The Ministry of Finance and the Ministry of Industry and Trade slashed fuel prices on August 11.

Nearly 10 tonnes of Vietnamese longan were exported to Melbourne, Australia, on Wednesday, according to the Việt Nam Trade Office in Australia.

According to Phan Oun, the Director General of the General Department of Consumer Protection, Competition and Anti-Fraud (KPR), if these types of noodles were detected in the Cambodian market, the KPR would take action to collect them.

Over the past 30 years, industrial parks (IP) and economic zones (EZ) across the country have attracted over US$100 billion of investment, and created jobs for more than 4 million labourers, according to the Ministry of Planning and Investment (MPI).

Foreign companies in Việt Nam are increasingly looking to source components and parts locally, offering local firms a great opportunity to enter global supply chains, a meeting heard in HCM City.

Sea freight rates are expected to fall in the second half of 2022, but at a glacial pace, allowing transport firms to reap high profits for another six months.

The UK-Việt Nam Free Trade Agreement (UKVFTA), which officially took effect on May 1, 2021, has helped not only boost the bilateral trade between the two markets but also bring the door wide open for the investment of UK companies in Việt Nam. Việt Nam News talks to CEO of HSBC Việt Nam Tim Evans and Nitin Kapoor, Chairman and General Director of AstraZeneca Việt Nam and Asia Area Frontier Markets, about their plans for business in Việt Nam.

The US Department of Commerce (DOC) has announced the extension of the deadline for issuing its final conclusion on a trade remedy duty evasion investigation into hardwood plywood imported from Việt Nam, according to the Ministry of Industry and Trade (MoIT).

The National Center for Socio-Economic Information and Forecast (NCIF) on Wednesday launched a workshop assessing the Top 500 Vietnamese largest private enterprises (VPE500).

As tourism continues to revive, the hotel and tourism industry is suffering from challenges in recruiting qualified human resources post pandemic, industry players warned.

The VN-Index slipped on Wednesday after two-day rally, ending at 1,256.50 points, down 0.19 per cent from Tuesday’s close, on rising profit-taking pressure.