business news

Update news business news

Bad debt still a headache for banks in 2024

Bad debt has returned to become a headache for the banking industry this year as it increased again in Q1 2024 after declining in Q4 2023 for the first time in eight consecutive quarters.

Techcombank's Auto-Earning feature revolutionizes banking

Three months after Techcombank's Auto-Earning feature on its mobile e-banking app was introduced in January, its slogan - "Let your money work" - has become a social media trend in Vietnam.

Vietnam finalises valuation of three banks for mandatory acquisition

The government has finished the valuation of three banks for mandatory acquisition.

SCIC plans to sell stakes in over 30 enterprises

SCIC will offload capital in 31 firms, including FPT Corporation.

NA Economics Committee asks government to explain banks’ high profits

Commercial banks have reported a high level of profits for 2023 at a time when businesses were facing difficulties.

Vietnam imports over 3 billion USD worth of mobile phones, components in Q1

Vietnam's import of mobile phones and components reached over 3 billion USD during the first quarter of 2024, according to data from the General Department of Vietnam Customs.

Netflix stops distributing games on its platform in Vietnam

Netflix, the American subscription video on-demand over-the-top streaming service, has stopped advertisements and distribution of games on its apps, Apple AppStore and Google Play Store in Vietnam, following a request from a Vietnam watchdog agency.

Binh Duong attracts nearly 4,300 FDI projects so far

As of May 2024, the southern province of Binh Duong has attracted nearly 4,300 projects with a total investment capital of nearly 40.6 billion USD from 65 countries and territories, ranking third in the country after Ho Chi Minh City and Hanoi.

Localities still slow in disbursing foreign-funded public investment

The disbursement of public investment funded by foreign sources in localities is relatively low at present, requiring solutions to difficulties facing each project, an official of the Ministry of Finance (MoF) said on May 21.

EC reschedules fifth IUU fishing inspection in Vietnam

The European Commission (EC) has rescheduled an inspection on illegal, unreported, and unregulated (IUU) fishing in Vietnam from May to this upcoming autumn, according to Director of the Fisheries Resources Surveillance Department Nguyen Quang Hung.

Owner of European-standard dental lab has big ambitions

When Vu De, the founder and CEO of Detec Dental JSC, was making a Facetime call with his foreign friends when sitting in his lab, many people at the time did not believe that Vietnam already had a European-standard lab, the first one in Asia.

Vietnamese enterprises urged to prepare for rising trade disputes

Trade disputes might arise from incompatibility of legal regulations, the lack of stability of policies and the inconsistency in enforcement.

Vietnamese seafood likely to get bigger market share in US

Vietnamese aquatic products are expected to gain a larger market share in the United States if Vietnam is recognised as a market economy by the US, according to experts.

Car prices rise due to exchange rates

To maintain profits, auto importers and distributors have to increase retail prices.

Vietnam’s rubber exports expected to reach $3.3 billion in 2024

Over the past four months, the country shipped nearly 500,000 tonnes of rubber worth $743 million, up 6.4 per cent in volume and 14 per cent in value.

Rising middle class pushes wealth management potential in Vietnam

The rapid increase of an affluent and middle class generates opportunities for wealth management services in Vietnam.

Government proposes putting land laws into effect six months earlier

The Vietnamese Government agreed on Friday to propose that the National Assembly put the Law on Land, the Law on Housing and the Law on Real Estate Business into force from July 1 this year.

Nearly 2.5 tonnes of early-ripening lychees to enter Middle East market

Bac Giang will soon export 2.5 tonnes of early ripening lychees to the Middle East market.

Several factors affecting aviation sector recovery

Many airlines are operating with fewer aircraft than last year coming into the peak summer period as fleets have been reduced to service debt.

Thousands of homes sit empty amid housing shortage

At least 18,000 resettlement apartments in Hanoi and HCMC are unoccupied, leading to annual maintenance costs of hundreds of billions of Vietnamese dong, according to the Vietnam Association of Realtors (VARS).