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Cement market continues to face difficulties

It is forecast that there will be many difficulties for the cement industry, due to weak demand and fierce competition both domestically and internationally.

Vietnam Business News August 22/2024

Hanoi enhances effectiveness of agricultural product chains

CMC Corporation: Pioneering AI transformation in Vietnam

CMC Corporation is leading the AI transformation wave in Vietnam, with ambitions to become a global digital company.

Vietnam faces $2.3 billion cashew import costs amid durian boom

The escalating cost of cashew imports, which has reached $2.3 billion this year, highlights a troubling trend in Vietnam's agriculture as cashew orchards give way to durian plantations.

Asia represents Vietnam’s largest cinnamon import market

Asia is the largest cinnamon import market of Vietnam, with Indonesia and China representing the two major cinnamon suppliers to the Southeast Asian nation, reaching 148 tons and 54 tons, respectively.

EuroCham recommends Vietnam develop legal framework for green transformation

The European Chamber of Commerce in Vietnam (EuroCham) has recommended that the nation work to develop a legal framework to implement green transformation goals for the national economy, heard a forum held on August 21 in Ho Chi Minh City

Vietnamese exports to Singapore skyrocket by over 27%

Vietnam's exports to Singapore continued to achieve high growth of 36.25%, with a value of SGD763.9 million, while import turnover also rose by 16.7% to more than SGD2.38 billion.

Tax watchdog to put retailers selling through livestreaming under scrutiny

The General Department of Taxation has asked local tax authorities to review and make lists of retailers selling through livestreaming on platforms such as YouTube, Facebook and Tiktok to carry out risk-based inspections.

State Securities Commission cautions investors on delisted stocks

The State Securities Commission (SSC) has issued a warning to investors about the risks associated with delisted stocks.

Vietnam economy recovers with strong development in service, industrial sectors

Vietnam’s economy has been recovering from the Covid-19 pandemic, with a GDP (gross domestic product) growth rate of 8.02 percent in 2022, 5.02 percent in 2023, and 6.44 percent in the first six months of 2024.

Enterprises urged to strictly comply with the EU’s quality requirements

The Plant Protection Department urged enterprises to strictly comply with the EU’s quality regulations for agricultural products, as the bloc increases demands on several farm products from Vietnam

Prices of Vietnamese rice exports at world high

Vietnamese rice now has the highest export prices, distinguishing itself from key competitors, including Thailand and Pakistan, whose prices have fallen.

Investment funds seek new growth opportunities

Investment funds are currently focusing on capitalising on opportunities in sectors that exhibit robust resilience or the ability to go against the cycle.

Market-based pricing critical to attract investment in electricity industry

Electricity prices in Vietnam have not been set following market-based mechanisms, as fluctuations of input costs for electricity production have not been fully reflected in the selling prices.

Banks to develop roadmap to comply with share ownership cap policy

According to the Law, which took effect from July 1 this year, institutional shareholders will need to lower the percentage of shares they hold in a credit institutions from 15 per cent to 10 per cent

US initiates administrative review on Vietnamese exports

The US Department of Commerce (DOC) has initiated an administrative review on certain Vietnamese exports currently subject to anti-dumping and countervailing duties, according to the Trade Remedies Authority of Vietnam.

How are major realtors doing in the current property market?

Though analysts said the gloomy period of the real estate market is over, real estate firms keep complaining about difficulties.

Starbucks Vietnam closes premium store: Rising rent or strategic move?

With its prime location and loyal customer base, the closure of Starbucks Reserve Han Thuyen in Ho Chi Minh City has sparked questions about the role of high rent and other possible reasons behind the move.

India initiates anti-dumping investigation into hot-rolled coil from Vietnam

The Trade Remedies Authority of Vietnam (TRAV) has announced that the Directorate General of Trade Remedies (DGTR) of India has initiated an anti-dumping investigation into hot-rolled coil (HRC) imported from Vietnam.

Vietnam to develop regulations on criteria for ’Made-in-Vietnam’ products

For domestically produced goods, including those manufactured from imported raw materials or ingredients, there have been no regulations to determine whether items are ’products of Vietnam’ or ’Made in Vietnam’.