business news

Update news business news

Footwear industry takes bold steps towards green growth

The establishment of a centre for raw materials to support the textile, leather and footwear industries will help meet new demands from importing countries, focusing on sustainability in production and social responsibility.

Developing supporting industries needs to be a priority

A report of the Ministry of Industry and Trade (MoIT) shows that the number of enterprises in the supporting industry sector accounts for only about 4.5 per cent of the total number of companies in the manufacturing and processing industry.

India imposes anti-subsidy duties on steel imports from Vietnam

India’s Ministry of Finance has just issued an order to impose a tax of 12-30 per cent on some steel products imported from China and Vietnam.

Vietnam trade mission in Germany seeks cooperation in automobile industry

The Vietnam trade mission in Germany coordinated with the Berlin – Brandenburg automotive association (aBB) and authorities of the Vietnamese province of Nam Dinh to hold a roundtable on cooperation in the automobile industry.

Zhejiang Int’l Trade Exhibition, Export Fair to take place in HCM City

The 2024 Zhejiang International Trade Exhibition and the 12th Zhejiang Export Fair (generally referred to as Zhejiang Expo 2024) will kick off at Saigon Exhibition & Convention Centre (SECC) in Ho Chi Minh City on September 26.

Ministry to inspect insurers for motor insurance compliance

The Ministry of Finance will inspect four non-life insurance companies in 2024 to ensure adherence to mandatory motor vehicle insurance regulations.

HCM City’s real estate market shows signs of recovery

Real estate revenue in Ho Chi Minh City reached 173 trillion VND (over 7 billion USD) in the first eight months of the year, up 6.1% year-on-year, according to the HCM City Statistics Office.

EU inspection team to examine aquaculture sector

An inspection team from the EU is set to visit the nation in order to inspect the aquaculture sector, with a focus on evaluating the performance of the residue control programme for products permitted for exports to the EU market.

Wood export target of 15.2 billion USD feasible, challenges remain

Despite market recovery, the wood industry needs to overcome formidable challenges to realise the export revenue target of 15.2 billion USD for the whole year, according to insiders.

Vietnam develops border gates into key economic zones

Building infrastructure, luring investment, and operating border gates on digital platforms are the focuses of northern provinces to develop local border gates into key economic zones and ensure border security and defense.

Vietnam's record rice imports: Nearly $850 million in 2024's first eight months

Vietnam, known for its robust rice production, has seen a dramatic increase in rice imports in 2024, with expenditures nearing $850 million within the first eight months.

Gumball 3000 arrives in VN: 100 supercars to cross 5 Southeast Asian nations

The renowned Gumball 3000 supercar rally has chosen Vietnam as the starting point for its 3,000 km expedition through five Southeast Asian countries.

Vietnam car sales drop 13% in August due to ghost month

Car sales in Vietnam dropped by 13% in August compared to July, primarily due to the Ghost Month, which occurs during the seventh lunar month when many people avoid making significant purchases.

Former Bac Ninh leaders indicted in AIC bribery case

The Supreme People's Procuracy on September 13 issued an indictment against Nguyen Nhan Chien, former Secretary of the Bac Ninh provincial Party Committee, Nguyen Tu Quynh, former Chairman of the Bac Ninh People's Committee, and 11 other defendants.

Insurance payouts for Typhoon Yagi damages estimated at $297 million

The damage caused by Typhoon Yagi continues to escalate, prompting insurance companies to expedite appraisal and compensation processes for affected customers.

Le Hong Minh retains CEO role as Wong Kelly assumes Acting CEO position at VNG

VNG has confirmed Le Hong Minh will remain as CEO, while Wong Kelly steps into the Acting CEO role, raising questions about compliance with legal regulations.

Vietnam needs to curb the glut of cheap products

It’s time for VN to raise measures to push back the influx of cheap imported goods, which is becoming a critical issue for domestic production, say experts

HCM City’s real estate market shows signs of recovery, revenue up 6% this year

Real estate revenue in HCM City reached VNĐ173 trillion (US$7 billion) in the first eight months of the year, up 6.1 per cent year-on-year, according to the HCM City Statistics Office.

US receives request for anti-dumping probe into CORE steel from Vietnam

The US Department of Commerce (DOC) has received a request for anti-dumping and anti-subsidy probe into corrosion-resistant steel products (CORE) from 10 nations, including Vietnam.

Vietnam backs WTO-led multilateral trade system: diplomat

Vietnam consistently supports a multilateral trade system, with the World Trade Organisation (WTO) at its core, Minister-Counsellor, Deputy Permanent Representative of Vietnam to the WTO Le Dinh Ba has said.