business news

Update news business news

VN rice sector needs stronger linkage chain

Although Vietnam holds huge potential to boost rice export in 2024 as the world is forecast to face a shortage of about 5 million tonnes of the grain, limitations in linkage chain must be tackled for the industry to move forward.

Conference calls for Japanese investment in Vietnam’s stock market

Minister of Finance Ho Duc Phoc chaired an investment promotion conference themed “Vietnam – Investment Destination” in Tokyo on March 12.

Vietnamese airlines’ fleets likely to shrink in two years: CAAV

The fleets of some Vietnamese airlines are likely to shrink in 2024 and 2025, thus subsequently affecting their transportation capacity on domestic and international routes, said the Civil Aviation Authority of Vietnam (CAAV).

SelectUSA Investment Summit 2024 to take place in June

The US Embassy in Vietnam held a conference in Hanoi on March 11 to open registration for the SelectUSA Investment Summit 2024, which has been scheduled to take place on June 23 and 26 in Washington D.C.

Scholar analyses why US should recognise Vietnam as market economy

The newly elevated relationship between VN and the US to the comprehensive strategic partnership not only deepens the two countries’ diplomatic relations but translates as an opportunity for Washington to upgrade VN's recognition as a market economy.

Vietnamese economy forecast to expand at 5.5 % in Q1

The Vietnamese economy is forecast to expand at 5.5% in the first quarter of the year as manufacturing and trade regain momentum, according to the United Overseas Bank Limited (UOB).

Vietnam stands steady on the path towards prosperity

Vietnam has overcome obstacles in recent years, from the Covid-19 pandemic to upheavals in the country and world, to gain encouraging achievements in economic development.

Vietnam's wood industry aims to export 15.2 billion USD in 2024

Vietnam’s wood and forestry sector is aiming to export 15.2 billion USD worth of its products this year, an increase from the 14.47 billion USD last year which was down 15.4% from 2022.

Obstacles still to be ironed out to improve EVFTA’s standing

Despite an increase in trade thanks to a bilateral free trade deal, the European Union is expecting Vietnam to remove obstructions that are impeding the bloc’s trade and investment into the country.

Domestic airfares to ebb amid falling demand

Air ticket prices on some domestic services, particularly between Hanoi and HCMC, will decline by up to 50% next week due to the ebbing post-Tet (Lunar New Year) demand, reported the local media.

Finance ministry expected to impose 50% duty on e-cigarettes

Vietnam has one of the highest smoking rates in the world, with 38.9% of males over the age of 15 being smokers.

New Zealand announces new NZ$6.24 million investment in VN horticulture sector

New Zealander Prime Minister Christopher Luxon announced a new NZ$6.24 million investment in Vietnam's horticulture sector during his summit meeting with Vietnamese Prime Minister Pham Minh Chinh on Monday.

Vietnamese GDP size hits over US$430 billion in 2023

Vietnam’s gross domestic product (GDP) size was estimated at US$433.3 billion in 2023, ranking fifth in Southeast Asia, according to the latest figures released by the International Monetary Fund (IMF).

ETFs continue to see strong outflows of foreign capital

Dragon Capital, the manager of the two largest ETFs, has experienced strong capital outflows since the beginning of 2024, totalling over VNĐ2 trillion.

Binh Duong hosts 2024 Horasis China Meeting

The 2024 Horasis China Meeting will be held in the southern province of Binh Duong on April 14-16, attracting about 700 participants.

Roto-Trust Horse VN becomes official distributor of SSI SCHAEFER products

Roto-Trust Horse VN Co., Ltd. has signed an agency contract with SSI Schaefer Singapore.

Vietnam remains world’s second largest smartphone exporter

By 2022, Vietnam’s export share reached 12 per cent on the global smartphone market.

Vietnamese GDP size ranks fifth in Southeast Asia

Vietnam’s gross domestic product (GDP) size last year was estimated to stand at about US$433.3 billion, ranking fifth in Southeast Asia, according to the latest figures released by the International Monetary Fund (IMF).

Vietnam needs non-traditional reforms to create new momentum

Overcoming Covid-19 and long-lasting difficulties caused by the pandemic, Vietnam’s businesses have once again shown resilience.

Vietnam committed to development of green industrial parks

Vietnam is committed to the development of green industrial parks following global trends lately.