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NTQ Solution establishes cooperation with top Korean firms

NTQ Solution and two Korean firms - Riman and Softbridge - inked an agreement on the establishment of a Global Development Center (GDC) at a ceremony held in Jeju Island (South Korea) on February 3rd.

VN sugar companies flourish with strong business performance in 2023

Sugar companies in Vietnam improved business operations and boosted earnings in 2023.

Vietcombank Remittance is largest firm of its kind in Vietnam

According to the Ministry of Labor, War Invalids and Social Affairs (MoLISA), Vietnam sent around 155,000 workers abroad in 2023, an increase of 8.55% compared to 2022, the highest number ever.

Vietnam becomes biggest importer of Argentine farm produce

In 2023, for the second consecutive year, Vietnam surpassed China to become the largest importer of agricultural products from Argentina in terms of volume, according to Argentine media.

Vietnam’s gold demand impacted by global economic trends in 2023

The World Gold Council’s Gold Demand Trends report reveals that annual gold demand (excluding over-the-counter) fell to 4,448 tonnes in 2023, down just 5% from a notably strong 2022.

Over 650 flights delayed at Tan Son Nhat airport this month

Over 650 flights at the Tan Son Nhat International Airport in HCMC have been delayed due to fog and surging passenger traffic since February 1, as the mass Tet holiday migration from HCMC to central and northern parts of the country is underway.

Vietnam remains RoK’s third trade partner in 2023

Vietnam remained the Republic of Korea (RoK)’s third-largest trade partner for the second straight year in 2023, data showed.

Banks move to foster cashless payment ahead of Tet

As the traditional Lunar New Year (Tet) festival is just around the corner, commercial banks are offering a wide range of promotional programmes and financial solutions to encourage cashless payment during the peak shopping season.

Electricity prices expected to surge in 2024: Ministry

In an effort to address financial challenges faced by Vietnam Electricity (EVN), the Ministry of Industry and Trade (MoIT) has put forth a proposal to increase electricity prices in 2024.

Record-low interest rates drive early-year credit growth

Since the beginning of the year, numerous banks have launched attractive credit packages with low interest rates, some even as low as 0% per year, easing the financial burden for customers seeking additional capital.

Vietnam to cash in on FTAs, trade promotions to boost exports

The Ministry of Industry and Trade will capitalise on signed free trade agreements (FTAs) to diversify markets, step up trade promotions and shift to exports through official channels with a view to gaining $377 billion in export revenue this year.

Vietnam targets 500,000 tonnes of seaweed yield by 2030

The Ministry of Agriculture and Rural Development (MARD) has set a target to produce some 500,000 tonnes of seaweed by 2030 as part of the nation’s seafood development strategy.

VIETNAM NEWS HEADLINES FEBRUARY 4/2024

Two new books by Party leader published

Ministry of Finance outlines tasks for upgrading stock market by 2025

To achieve the goal of upgrading the stock market as early as 2025, the Ministry of Finance in 2024 must undertake various tasks in coordination with other ministries and sectors for implementation.

VN needs an enabling environment to promote financial leasing

Financial leasing has high potential in Việt Nam’s dynamic economy with more than 800,000 enterprises and more than 5 million business households.

Companies with deep pockets drive HCM City office market

Companies in sectors less affected by the economic crises and those with deep pockets are driving transactions in the HCM City office market, analysts have said.

Vietnam consumes more than 55 tonnes of gold annually

Vietnam consumed nearly 55.5 tonnes of gold jewelry in 2023, down 6% compared to the previous year, according to the World Gold Council (WGC).

2,000 real estate firms temporarily close in January

As many as 2,000 real estate firms suspended their operation in January, or 138 percent of the number in the same period last year.

VCCI proposes power transactions between residents living in same buildings

VCCI has proposed that the Ministry of Industry and Trade (MOIT) amend current regulations and allow clients in the same buildings to sell or buy rooftop solar power directly to each other without transmitting electricity through the national grid.

Remittances to Vietnam hit record high of US$16 billion in 2023

Remittances sent by Vietnamese nationals abroad hit approximately US$16 billion last year, representing a year-on-year rise of 32%, according to the State Bank of Vietnam.