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Toyota Vietnam stops delivering Avanza MT after Daihatsu safety testing scandal

Most of Toyota’s car models available in Vietnam have not been affected by Daihatsu’s safety testing scandal, but clients’ sentiments have changed.

Apartments remain scarce, expensive because of supply shortage

Joint efforts among state management agencies, businesses and commercial banks are needed to force real estate prices down.

More domestic raw materials needed to strengthen animal feed production in VN

The scale of Vietnam's livestock industry has multiplied in recent years, however, the animal feed market remains significantly dependent on imported raw materials.

Vietnam's rice export volume hits more than 8 million tonnes in 2023

The volume of Vietnamese rice for export in 2023 is estimated to have hit 8.2 million tonnes, bringing in nearly US$4.8 billion, according to the General Department of Vietnam Customs.

Innovative startups in Vietnam see both tough obstacles, precious opportunities

Attracting investments in ‘seemingly crazy’ ideas is rather challenging, yet this risk is the typical characteristic of any innovative startups in Vietnam.

HCMC prepares to lease sidewalks on nearly 900 roads

The HCMC Department of Transport has listed nearly 900 roads across the city that will serve as a basis for district authorities to lease sidewalks.

US$28 billion trade surplus for Vietnam in 2023

Vietnam still enjoyed a trade surplus of US$28 billion despite a fall in trade exchanges in 2023, the General Statistics Office (GSO) said in a report released in Hanoi on December 29.

Truong My Lan under investigation for money laundering

The Ministry of Public Security is currently investigating whether Truong My Lan, chairwoman of Van Thinh Phat Holdings Group Corporation, was involved in money laundering and embezzlement at Saigon Commercial Bank (SCB).

Bond buybacks up 5.8% y-o-y

Corporate bond buybacks before maturity had amounted to VND230.2 trillion in the year to December 25, up by 5.8% year-on-year, according to the Ministry of Finance.

A glance at major socio-economic indicators in 2023

Vietnamese gross domestic product (GDP) grew by 5.05% in 2023, higher than 2020 and 2021 during the 2011 - 2023 period, according to the General Statistics Office (GSO).

VN firms face difficulties in accessing bank loans despite rate cut

HÀ NỘI — Although interest rates have continued to drop sharply, firms say it is still difficult for them to access loans.

Vietnam's CPI up 3.25% in 2023

Vietnam’s consumer price index (CPI) in 2023 is estimated to rise 3.25% year-on-year, meeting the target set by the National Assembly (NA), the General Statistics Office (GSO) reported on December 29.

Vietnamese durian exports reel in about 2.22 billion USD

Vietnam has shipped approximately 2.22 billion USD worth of durian products overseas in 2023, with increasing demand noticed in non-traditional markets.

Vietnamese economy expands 5.05% in 2023

Vietnam’s gross domestic product (GDP) growth rate is estimated at 5.05% in 2023, the General Statistics Office (GSO) announced on December 29.

Mobile phones, electronic products rake in over US$100 bln in export turnover

Mobile phones and components, computers, electronic products and spare parts have become the two largest foreign currency earners, bringing in more than US$50 billion each as of mid-December, according to the General Department of Vietnam Customs.

Vietnam’s catfish share shrinks amid stiff competition in global market

Vietnam dominates the global catfish market, ranking No 1 in both output and export volume. However, its market share has dropped because of the strong rise of rivals.

Vietnamese enterprises hold only 20 percent of domestic cloud market share

The market share of Cloud services between foreign and domestic enterprises is 80 percent and 20 percent respectively.

Kyber Network to cut 50 percent of workforce after hack

Kyber Network, the Vietnamese blockchain-based startup, has had to cut its workforce by 50 percent after a serious attack in November, estimated to cause a loss of $48.8 million, or VND1 trillion.

Vietnam races to stay competitive with new GMT

The international community is speeding towards the implementation of a global minimum tax, and Vietnam is no exception.

Vietnam’s rice prices climb to historic peak in 2023

With estimated output of 43 million tons in 2023 and historic high export prices, Vietnamese farmers have made a high profit. Every $1,000 invested in each hectare of rice earned $3,000-3,500.