business news

Update news business news

Deposit interest rates to remain low until mid-2024: analysts

Deposit interest rates are expected to remain low until the middle of 2024, with a slight increase anticipated thereafter due to higher credit demand, analysts said.

Tan Hoang Minh Chairman receives 8-year prison sentence for fraud

The Hanoi People’s Court on March 27 handed down prison terms to 15 defendants involved in the case of “obtaining property by fraud” at property developer Tan Hoang Minh.

More support policies needed for fiber industry

In particular, the fiber industry worldwide is at a loss, not just in Vietnam.

US$5 per carbon credit is acceptable price: Ministry

Many people believe that Vietnam is selling carbon credits too cheaply, just $5 per carbon credit, but the Ministry of Agriculture and Rural Development (MARD) has denied this.

Vietnamese farmers hit jackpot as produce prices rise

Millions of farming households in Vietnam are now pocketing big money as they have bountiful crops and produce prices have been hitting an all-time high.

M&A activities in Vietnam still gloomy

Dealmakers wonder whether M&A activities will escape from the ongoing gloomy situation to make a recovery from now to the end of the year.

Boosting market upgrade with foreign investor institutional solutions

As they have a proven track record of complying with payment obligations, implementing a non-100 per cent pre-funding trading mechanism for this group helps mitigate risks.

Banks must contact card holders with overdue debt: SBV

Banks must proactively contact credit card holders whose debt is overdue, according to a State Bank of Vietnam (SBV) directive.

Four out of five Vietnamese consumers use e-wallet

Of every five Vietnamese consumers, four use e-wallets regularly. Most are Gen X or luxury consumers, according to a report released by Visa on March 19 in HCM City.

Singapore is the largest foreign investor in VN in Q1

Vietnam has attracted a total of US$6.17 billion in foreign investment in the first quarter of this year with Singapore being the largest investor accounting for 41.3 per cent of the investment influx.

VNDirect cyberattack causes big splash on stock market

The online securities trading system at VNDirect Securities Company (VNDirect) is likely to have suffered from a data encryption hack for extortion.

Tan Hiep Phat founder, daughters to stand trial next month

Tran Qui Thanh, founder of Tan Hiep Phat Beverage Group, and his two daughters will stand trial in April on alleged charges of abusing trust to misappropriate assets totaling VND1,048 billion.

Vietnamese tuna available in 80 markets worldwide

Vietnamese tuna products have been exported to more than 80 markets around the world during the opening two months of the year, 10 more markets compared to the same period last year.

Carriers asked to develop fleet operation plan to meet summer travel demand

The Ministry of Transport has asked carriers to develop aircraft fleet operation plans to meet the rising travel demand for the upcoming national holidays and summer peak.

VCCI calls for greater support for R&D costs of FDI firms

The Vietnam Chamber of Commerce and Industry has proposed increasing the support for research and development costs to over 50% for foreign direct investment businesses, it said in policy feedback requested by the Ministry of Planning and Investment.

VN ready to welcome “eagles” in electronics, semiconductor industry

Vietnam has prepared necessary conditions to attract “eagles” worldwide in the electronics and semiconductor industry, Deputy Minister of Planning and Investment Tran Duy Dong told the Vietnam Global Manufacturing Forum 2024 (VGMF2024).

VN’s stock market outshines savings

The stock market in Vietnam is expected to gain popularity among domestic individual investors due to its accessibility, profit potential, and demographic and income level improvements.

Finance ministry clears bottlenecks to pave way for stock market upgrade

The Ministry of Finance (MoF) is seeking opinions on amending several legal provisions to remove various bottlenecks and meet the criteria for stock market upgrades by rating agencies.

Vietnam eats forests by planting large timber forests to sell carbon credits

In the story ‘We Have Eaten The Forest’ of a Montagnard village in the Central Highlands of Vietnam, ethnologist Georges Condominas tells about the ancient way of ‘eating the forest’, which is to preserve the forest culturally.

Good signs for Vietnam's rice exports

After many fluctuations in supply and prices last year, global rice trade continues to be "hot" from the beginning of this year.