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Bamboo Airways set to end losses by 2025

Bamboo Airways is seeking additional capital of around 1.69 trillion VND (66.8 million USD) in the final months of 2024 to ensure its operational requirements, while also announcing the clearance of aircraft leasing debts.

Vietnam’s CMC Global celebrates dual victories at 2024 Globee Awards

CMC Global, the international business division of CMC Corporation, has achieved a remarkable feat by securing two prestigious awards at the Globee Awards, a highly esteemed accolade in the information technology sector.

High-tech offshore farming: A billion-dollar industry for Khanh Hoa fishermen

In the vast offshore waters of Khanh Hoa, traditional foam buoys and wooden rafts have been replaced with environmentally friendly HDPE (High-Density Polyethylene) cages that withstand strong storms and waves.

Real estate businesses seek restructuring of overdue, coming due bonds

The pressure of maturing bonds is still weighing heavily on real estate businesses in Ho Chi Minh City, forcing them to find solutions to restructure debt.

Vietnam's textile industry gains edge with high-value production capabilities

Vietnam has scored higher overall than China and Bangladesh in the United States Fashion Industry Association (USFIA)’s recent survey comparing the competitive advantages of textile-exporting countries to the US.

Vietnam’s e-commerce market grows fastest in SEA

Vietnam, along with Thailand, are the two fastest growing e-commerce markets in Southeast Asia, according to the recently released report '2024 E-commerce in Southeast Asia' by Momentum Works.

Vingroup, Techcombank propose lower interest rates for social housing

Private conglomerate Vingroup and Vietnam Technological and Commcercial Joint Stock Bank (Techcombank) have proposed a new preferential credit package for social housing.

Money laundering scheme unveiled: Inside Truong My Lan's operations

In the second phase of the Van Thinh Phat case, Truong My Lan's personal secretary and driver have been indicted for money laundering. The Chairwoman of Van Thinh Phat Group used these individuals to carry out her personal objectives.

Multiple economic indexes surpass expected levels

Vietnam saw excellent achievements in socio-economic development in the first six months of the year. However, now is not the time to be complacent, according to the Ministry of Planning and Investment (MPI).

Green growth and innovation drive Khanh Hoa’s economic rebound

“By June, our export orders were full, ensuring production continuity until the first quarter of 2025,” shares a leader from Khanh Viet Corporation (Khatoco) in Khanh Hoa.

Trinh Van Quyet's family makes additional payments to mitigate case consequences

Former FLC Chairman Trinh Van Quyet has paid an additional 23 billion VND ($906,000) towards remedying the consequences of his case.

Ministry pushes for direct power purchase agreements across Vietnam

Effective from July 3, 2024, Decree 80 outlines the framework for direct power purchase agreements, aiming to enhance the collaboration between renewable energy suppliers and major electricity users.

Heavy losses force Duc Long Gia Lai to divest major asset in China

Today, the company is struggling with accumulated losses of several trillion VND, shares trading at a fraction of their former value, and plans to sell a factory in China.

Ministry flags potential violations in proposed car registration fee reduction

The Ministry of Finance has raised concerns about the potential risks of reducing registration fees for domestically produced cars, highlighting the possibility of violating international commitments.

Hoang Quan chairman banned from leaving Vietnam over tax debts

Truong Anh Tuan, Chairman of Hoang Quan Group, has been temporarily prohibited from leaving the country due to outstanding tax obligations with the Can Tho Tax Department.

Surplus inventory and declining demand plague Vietnam's motorcycle industry

The Vietnamese motorcycle market continues to face significant challenges, with total supply estimated to exceed demand by over 400,000 units. Companies are grappling with negative growth, and many popular models have seen deep price cuts.

Retail rental prices remain high despite growing vacancy in HCM City

Despite significant reductions in rental prices, retail spaces in Ho Chi Minh City’s central areas continue to remain vacant. Many property owners are struggling to find tenants, even as they offer deep discounts.

ADB raises 2024 growth forecast for Vietnam to 6.2%

The Asian Development Bank has slightly raised the 2024 growth forecast for developing Asia of 46 countries, including Vietnam, thanks to stronger domestic demand and export growth.

Special mechanisms, policies for Da Nang development to be put in place

Chairman of the National Assembly Tran Thanh Man has signed a resolution on urban administration organisation and the piloting of some special mechanisms and policies for the development of the central city of Da Nang.

Vietnam-Korea Plus Partnership Week 2024 opens in HCM City

The Vietnam-Korea Plus Partnership Week 2024 was kicked off in HCM City on July 16.