business news

Update news business news

Vietnamese banks to report suspicious accounts monthly to curb fraud

In a decisive move to clamp down on fraudulent banking activities, the State Bank of Vietnam has mandated all financial institutions to provide monthly updates on accounts showing signs of fraud, deception, or legal violations.

‘Storms’ continue to rage, putting pressure on stock market

Investors’ cautiousness and continued 'storms' are affecting the $200 billion Vietnamese stock market.

Deputy PM chairs meeting on strategic mineral resource project

Deputy Prime Minister Trần Hồng Hà emphasised that strategic mineral resources were especially rare, so it was necessary to build a suitable legal corridor.

Vietnam, ideal destination for industrial real estate investment

Vietnam is described as an ideal location for industrial real estate investment with its economic and demographic factors, and analysts predict it will emerge as a regional leader in this segment.

China’s Sanhua inaugurates US$60 million factory in Hai Phong

Sanhua Vietnam Co., Ltd, a subsidiary company of Sanhua Holding Group, inaugurated the second phase of its factory to produce air conditioning valves, products, and components, at the An Duong Industrial Park in Hai Phong on September 4.

Vietnam seeks to lure global chip companies through new incentives

Vietnam is drawing up a list of incentives for chip companies, ranging from tax breaks to fast-track export processes, as the country draws increasing attention from global players such as Nvidia and Besi.

Vietnam Fruit Festival to be held in China

The first-ever Vietnam Fruit Festival will be held in the Chinese capital of Beijing on September 29 - 30 with the aim of bringing Vietnamese fruits to a larger number of Chinese consumers.

Vietnam attracts over US$20.5 billion in FDI over eight months of 2024

Vietnam attracted more than US$20.5 billion in foreign direct investment (FDI) during the opening eight months of the year, representing an increase of 7% against the same period last year, according to the Foreign Investment Agency (FIA).

Listed firms suffer huge currency losses in H1

Numerous listed-companies that have borrowed big loans in the US dollar reported substantial currency losses in the first half of 2024, data from BSC Securities showed.

V-Green deploys first EV charging station franchise model in Vietnam

V-Green Global Charging Station Development Joint Stock Company (V-Green) has become the first to launch an electric vehicle (EV) charging station franchise model in Vietnam.

Gojek quits Vietnam to focus on major markets

Indonesia-based ride-hailing and delivery service app Gojek has decided to exit Vietnam from September 16 as a step towards focusing its operations in major markets with higher growth potential.

Great opportunity for sustainable development of crocodile farming

The opening of the Chinese market for crocodile exports from Vietnam will create a great opportunity for this sector to grow faster and more sustainably, Deputy Minister of Agriculture and Rural Development Phung Duc Tien told the media.

Hanoi focusing on market-oriented agricultural production

Hanoi’s agriculture sector is focusing on building a stable market and demand-based production, developing value chains, and using digital technology in transactions to ensure sustainable growth.

Offshore wind power - new driving force for oil and gas industry

Vietnam, with its high economic openness and global integration, has set goals and developed plans to develop its offshore wind power industry.

International Travel Expo HCM City opens

The International Travel Expo Ho Chi Minh City (ITE HCMC 2024) opened at the city’s Saigon Exhibition and Convention Center (SECC) on September 5.

Forum seeks ways to achieve global target of net zero for tourism

Measures for securing net zero emissions in tourism were discussed at a high-level travel forum on green transformation held in Ho Chi Minh City on September 5.

New markets help fruit exports grow to record revenues

Vietnam's fruit export revenue hit 4.63 billion USD in the first eight months of 2024, representing an increase of 30.6% compared to the same period last year, thanks to the opening of several key markets.

Vietnam’s ‘Tiger Cub’ economy offers opportunities to American investors

Vietnam’s ‘Tiger Cub’ economy offers opportunities to American investors: US think-tank

Vietnam attracts foreign investors thanks to its stability: Russian official

The high level of stability has helped Vietnam attract foreign investors, according to Chief Representative of the Russian Trade Office in the Southeast Asian nation Viacheslav Kharinov.

Real estate CEO tops Vietnam’s highest-paid executive list in 2023

Nguyen Thi Thu Huong, CEO of Kinh Bac Urban Development Corporation, emerged as Vietnam's highest-paid executive in 2023, with an annual income of 17 billion VND. Her earnings outpaced those of banking and finance leaders.