After increasing inventories at the beginning of 2021 to take advantage of price differences to maximise profits, the strategy has now hit steel producers hard as global steel prices plunged at the end of the year.
The deposit growth rate of individual customers at banks slowed last year due to the impacts of the pandemic.
The Hải Phòng Economic Zone Authority (HEZA) on January 24 granted investment licences to five projects in industrial parks, including three foreign-invested projects worth US$140 million and two domestic ones valued at over VNĐ2 trillion ($86.9 million).
Used and new car market sees rising demand as Tet approaches
The Government and businesses should have a sustainable strategy to promote the domestic market and find other markets to consume farm products that cannot be exported to China.
Vietnamese exporters have shipped nearly 30 tonnes of dragon fruit to Australia in recent weeks at a price of VNĐ200,000 (US$8.7) per kilogramme, according to the Việt Nam Trade Office in Australia.
Vietnamese stocks logged their biggest daily drop since mid-January as losses in large-cap and financial securities stocks outweighed the boost from banking shares.
Some of Việt Nam’s top architecture firms and property developers received the annual BCI Asia Awards for 2020 and 2021
Food producer KIDO Group has announced targets for this year, including a one-third jump in net revenues to VNĐ14 trillion (US$615.5 million).
A report by Nextrans said that there are about 3,800 startups in Việt Nam, of which four are unicorns and 11 are valued at over US$100 million.
After starting operations in 2014 and being acquired by Masan in 2019, WinCommerce (WCM) is currently the largest modern retailer in Việt Nam with nearly 3,000 WinMart/WinMart+ supermarkets and stores in 60 of the country’s 65 provinces and cities.
Florists are paying more attention to selling online for Tết this year since the COVID-19 pandemic means customers are unwilling to visit shops.
The Vietnamese automotive market is expected to rebound this year, returning to its growth track after sluggish sales in 2021, according to industry insiders.
The total tax debt under the management of tax authorities is estimated at VNĐ104 trillion (US$) as of December 31 last year, a year-on-year increase of 9.3 per cent.
Thanks to a scheme for state-owned enterprise restructuring during 2016-2020, many unprofitable plants in SOEs have been reinvigorated.
Recent property firm scandals have shaken the stock market, blowing tens of trillions of Vietnamese đồng and making investors feel the pain of loss when the market was in free fall.
Logistics costs continued to skyrocket as demand soared while supply remained limited at least until the end of this year, said industry experts and businesses.
Securities companies reported huge revenues and profits last year on the back of impressive growth by the stock market.