Vietnam’s catfish share shrinks amid stiff competition in global market

Vietnam dominates the global catfish market, ranking No 1 in both output and export volume. However, its market share has dropped because of the strong rise of rivals.

Vietnamese enterprises hold only 20 percent of domestic cloud market share

The market share of Cloud services between foreign and domestic enterprises is 80 percent and 20 percent respectively.

Kyber Network to cut 50 percent of workforce after hack

Kyber Network, the Vietnamese blockchain-based startup, has had to cut its workforce by 50 percent after a serious attack in November, estimated to cause a loss of $48.8 million, or VND1 trillion.

Vietnam races to stay competitive with new GMT

The international community is speeding towards the implementation of a global minimum tax, and Vietnam is no exception.

Vietnam’s rice prices climb to historic peak in 2023

With estimated output of 43 million tons in 2023 and historic high export prices, Vietnamese farmers have made a high profit. Every $1,000 invested in each hectare of rice earned $3,000-3,500.

Vietnam as a bright spot in global panorama

Open foreign relations and an economy that maintains growth recovery momentum help Vietnam remain a bright spot in this year's global panorama.

Positive signs ahead for real estate market in 2024

The Government’s policies of removing obstacles faced by business operations and promoting social housing development have recently exerted positive impacts on the property market, according to industry insiders.

Fireworks to be displayed in 31 locations in Hanoi

Fireworks will light up the skies over 30 locations in all 30 districts and town of Ha Noi on February 9, 2024 (Lunar New Year’s Eve), as decided by the Ha Noi municipal People’s Committee.

New strategies for attracting quality FDI to Vietnam

VN Institute for Economic and Policy Research’s Vice President Nguyen Quoc Viet spoke on new competitive advantages for VN to remain an attractive destination for the quality and high technology capital inflow.

Laborers to enjoy 17 days of holidays in 2024

In 2024, laborers have a total of 17 days of annual leave including 11 days of public holidays and six days of weekends for which there are compensatory days off.

The bride-welcoming ceremony of the Giay ethnic people

The Giay ethnic people in the north-western mountainous province of Lai Chau consider the wedding, including the bride-welcoming ceremony, to be the happiest event in the couple’s life.

Prosecutors announce indictments in Viet A Case

Former Viet A Company's General Director Phan Quoc Viet was slapped with two charges of "abusing position and power while on duty" and "violating bidding regulations to serious damages".

African swine fever recurs in central Vietnam

The central province of Nghe An is among the localities which have been hardest hit by the spread of the African swine fever (ASF) disease in recent times with nearly 8,000 pigs culled.

Chinese suspect hunted in HCM City for murdering compatriot

The police of Ho Chi Minh City announced on December 28 that they were hunting for a Chinese national named Zhang JinWen who is wanted for murdering his compatriot.

Fitch Ratings forecasts Vietnam’s favourable medium-term growth

Credit rating agency Fitch Ratings has forecast Vietnam’s growth in the medium term at around 7%, with many favourable signs.

Regional minimum wage increase gives push for development

On December 20, the National Wage Council finalized a plan on 60 percent regional minimum wage increase to submit to the government.

Politburo requests strict implementation of thrift practice and waste prevention

The Political Bureau has just issued a directive on strengthening the Party’s leadership in thrift practice and waste prevention.

Deposit interest rate hits record low in Vietnam

Savings interest rates have set a new record low of only 1.9 per cent per year for a 1-2 month term.

More efforts needed to untangle knots for businesses: Deputy PM

Deputy Prime Minister Le Minh Khai on December 27 asked the Ministry of Finance (MoF) to effectively put in place issued policies and those expected to be adopted in order to untangle knots facing businesses.

Warm, sunny weather across Vietnam during New Year holiday

Northern Vietnam is set to experience warmer weather, whilst central and southern regions will be sunny and dry during the upcoming New Year holiday.

Vietnam enjoys trade surplus of 125 billion USD with European, American markets

Vietnam’s total trade with European and American markets is estimated to decrease by 9.5% year-on-year to around 208 billion USD in 2023, but the country still enjoys a trade surplus of 125 billion USD.

Vietnam stays committed to developing clean and renewable energy

Vietnam remains committed and focused on enhancing the development of hydrogen energy production and hydrogen-source fuels in regions with potential and advantages in renewable energy, close to major consumer markets.

VIETNAM BUSINESS NEWS DECEMBER 28/2023

Work on 13 road, bridge projects to begin in 2024

Hanoi, HCM City gearing up for spring flower markets

Spring flower markets are set to be opened throughout Hanoi and Ho Chi Minh City in the buildup to the Lunar New Year holliday known locally as Tet.

Vietnam gets over US$50 million from forestry carbon credits sales

For the first time Vietnam has sold 10.3 million forestry carbon credits (10.3 million tonnes of carbon dioxide CO₂) this year, bringing in US$51.5 million, according to the Ministry of Agriculture and Rural Development (MARD).