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Dutch Lady brand clarifies identity following arrest of Holland Milk CEO

On August 30, the Ministry of Public Security announced the arrest and prosecution of Nguyen Trung Vuong, CEO of Ha Lan (Holland) Milk Joint Stock Company, for "Manufacturing and trading counterfeit goods as food."

Japanese investors pour over 1.3 billion USD into Ha Nam

The Management Board of Industrial Parks in the northern province of Ha Nam on August 30 held a meeting with Japanese enterprises that are investing in industrial parks in the province.

Thua Thien – Hue calls for investment in 32-trillion-VND steel project

The central province of Thua Thien – Hue is calling for investment in a 32 trillion VND (1.28 billion USD) steel project in Chan May – Lang Co Economic Zone.

Agro-forestry-fisheries trade surplus booms over 68% in eight months

Vietnam has recorded 11.8 billion USD in agro-forestry-fisheries trade surplus over the first eight months of 2024, surging 68.4% year on year, reported the Ministry of Agriculture and Rural Development (MARD).

Around $2.7 billion needed to carry out 1 million ha high-quality rice project

Approximately 2.7 billion USD is required from various funding sources to implement a project on developing 1 million hectares of high-quality and low-emission rice in association with green growth in the Mekong Delta region by 2030.

Domestic steel producers face fierce competition from foreign rivals

Vietnam's steel industry is facing fiercer competition from foreign rivals as imported products, particularly those from China, have flooded the domestic market, raising fears of market saturation.

Tightening regulations and limited marine farming may impact exports

Vietnam’s seafood exports remained heavily dependent on natural sources, which have become increasingly difficult to secure due to tightening regulations and limited local marine farming.

Government reduces registration fees to boost car sales

The Vietnamese government has announced a temporary 50% reduction in registration fees for domestically produced and assembled cars on August 30.

Ministry official given luxury watch in exchange for petroleum trading license

With the excuse of a belated birthday gift, the CEO of Xuyen Viet Oil Mai Thi Hong Hanh gave a luxury Patek Philippine watch to Nguyen Loc An, a Ministry of Investment and Trade (MOIT) official.

Da Nang unveils attractive incentives to boost semiconductor industry

Da Nang is focusing on three strategic breakthroughs - policy, human resources, and infrastructure - to develop its semiconductor industry.

Incheon Airport Group wins bid to manage Long Thanh Airport operations

On August 30, the Airports Corporation of Vietnam (ACV) signed a contract with the Incheon Airport consortium for the operations management consultancy of Long Thanh International Airport.

Vua Nệm achieves significant turnaround, expects solid  profitability in 2024

Vua Nệm, Vietnam’s leading mattress retailer, has made significant strides in financial health following a year of strategic restructuring.

Vietnam’s passion fruits close to entering US market

Technical requirements for Vietnam’s passion fruits were agreed and the process will now move to the next step of implementing legal procedures.

Banks with 80% of credit growth quota reached can expand credit automatically

Banks with high outstanding loans can proactively increase their credit growth quota without having to send proposals and get approvals from the central bank, the SBV announced on Wednesday.

Shop openings offer recovery hopes

Major players in the retail market are reopening offline stores, casting hopes of a recovery in consumption after difficult months in the first half of this year which forced hundreds of stores to be shut down.

Ethical rules, community standards need for healthy digital asset market

Rules and community standards are important to strengthen trust and promote the implementation of the legal regulations in the community.

Central bank takes looser monetary measures

The State Bank of Vietnam (SBV) has relaxed monetary measures in the context of sharp declines in the foreign exchange rate in recent days.

Vietnam's exports to Hungary grow by over 60%

Vietnam’s exports to Hungary grew by 61.1% in the first seven months of this year.

Imexpharm sets new standards with EU-GMP certified production

Imexpharm, a leader in Vietnam’s pharmaceutical industry, is entering a new growth phase with a focus on the production of invented drugs, leveraging advanced technology to meet stringent international standards.

Vietnamese honey makers turn to domestic market

Facing fierce challenges in the international markets, Vietnamese honey has been looking at the domestic market, according to industry insiders and experts.