business news

Update news business news

Sci-tech ministry backs restarting nuclear projects in Việt Nam

Nuclear energy produces nearly zero CO2 or other greenhouse gas emissions (roughly the same as hydro and wind power) and will be an important component in the power structure of many countries in the future.

Decree developed to tighten management on imported products via e-commerce

VN is currently among the top 10 countries with the highest e-commerce growth rate in the world with revenue reaching nearly VNĐ498.9 trillion (US$20.1 billion) in 2023.

Forestry sector falls behind in restructuring

To date, only 161 agricultural and forestry companies in Việt Nam have completed restructuring and reforms according to a government-approved plan.

Vietnamese steel industry under pressure amid protectionism tension and dumping

Steel was one of the industries with the largest number of trade defence investigations, not only in Việt Nam, but also in the world.

Da Nang to resume air routes to India

A direct flight between Da Nang, a tourism hub in central Vietnam, and Ahmedabad, the most populous city in India’s Gujarat state, will be launched on October 23, according to the Da Nang Department of Tourism.

Non-bank corporate bonds forecast to recover in year-end months

Prospects for credit growth and exchange rates will create favourable conditions for non-bank corporate bonds to recover in the final months of this year, analysts forecast.

Vietnam promoting circular economy through waste, packaging recycling

Sorting, collecting, and recycling packaging is one of the solutions that not only helps regenerate products but also effectively reduces environmental pollution.

German firm seeks 4.6-billion-USD investment in offshore wind power in Binh Dinh

Leaders of Binh Dinh had a working session on October 22 with Per Hornung Pedersen, Chairman and CEO of German company PNE, which is considering investment in a 4.6-billion-USD offshore wind power plant in the south-central province.

Measures sought to remove barriers for meat imports

Deputy Minister of Agriculture and Rural Development Phung Duc Tien on October 22 received agricultural counsellors from various countries to discuss ways to promote trade in agricultural products.

Vietnam aims to become crucial link in global supply chain of Halal products: PM

PM Chinh highlighted the significance of the event, which contributes to guiding the development strategy for Vietnam's Halal industry.

Public outcry over banks' forced insurance sales prompts state action

Ongoing complaints about mandatory insurance purchases tied to bank loans lead to increased regulatory scrutiny and potential penalties.

Vietnam urged to accelerate productivity growth

According to the WB’s Governance Indicators, Vietnam’s regulatory quality has improved significantly over the past two decades.

Halal market in Middle East, North Africa offer opportunities for VN firms

With a large population and a rapidly growing Halal food market, the Middle East-North Africa (MENA) region is a potential market for Vietnamese businesses.

VEPR expects Vietnam’s GDP growth this year to reach target

The Vietnam Institute for Economic and Policy Research (VEPR) expects the country's GDP growth in the fourth quarter of 2024 to reach 7.4%, thus meeting the 7% target for the whole year set by the Government.

US initiates administrative review on Vietnam’s oil country tubular goods

The US Department of Commerce (DOC) has initiated an administrative review of anti-dumping duties on oil country tubular goods (OCTG) from Vietnam, according to the Trade Remedies Authority of Vietnam under the Ministry of Industry and Trade (MoIT).

Vietnam’s coffee exports exceed 5 billion USD in 2023-2024 crop year

Vietnam’s coffee exports exceeded the 5 billion USD mark for the first time in the 2023-2024 crop year that lasted from October 1, 2023 to September 30, 2024.

Avoiding the middle-income trap: How Vietnam can reach new heights

Like an airplane needing speed to take off, Vietnam's economy must gain momentum in the coming years to overcome challenges and reach new heights. Without acceleration, the risk of stagnation looms.

Vietnam needs stronger contingent of entrepreneurs: expert

Nguyen Dinh Cung, former head of the Central Institute of Economic Management (CIEM), one of the main authors of the Enterprise Law, described as a "revolution in thinking", talked to VietNamNet about the development of the private economic sector.

MOF drafts regulation for carbon credit market, MARD aims to sell credits abroad

Under a plan of the Ministry of Finance (MOF), Vietnam would not sell carbon credits abroad in the first phase of the carbon credit market.

Investors buy abandoned land plots to build pickleball courts in Hanoi, HCM City

Experts have noted a search in the suburbs of Hanoi and HCM City to build pickleball courts on abandoned plots.