business news

Update news business news

Vietnam to launch e-funding system to speed up ODA disbursement

Facing delays in ODA disbursement, Vietnam’s Ministry of Finance is rolling out e-funding software to streamline processes and accelerate project completion.

Vietnam to expand cross-border QR payment systems to China by 2025

Vietnam’s QR payment system will soon connect with China, Japan, and South Korea, facilitating cross-border payments and promoting local currency usage in trade.

Audi Vietnam recalls over 300 vehicles due to safety defects

Audi Vietnam is recalling 324 vehicles, including its best-selling Q5 SUV and electric e-tron models, due to critical safety defects that could compromise passenger safety.

Vietnam’s nuclear revival: Generation III+ reactors or SMRs?

With the Ninh Thuan nuclear project set to restart, experts weigh the merits of advanced Generation III+ reactors versus emerging Small Modular Reactor (SMR) technology.

Raising thousands of snakes, young man earns half a billion dong a year

Thousands of "ran ri voi" (Subsessor bocourti) and "ri ca" (Homalopsis buccata) snakes raised by a young man from the Mekong Delta in cement tanks at his farm bring an annual income of half billion dong.

Market starts December with a slight gain

The stock market began December 2024 with a modest rise, despite facing significant selling pressure during the afternoon session.

North-South high-speed railway: Can Vietnam master the technology?

In the case of the North-South high-speed railway, technology transfer includes not only the manufacture and installation of core equipment but also mastering technologies and operations, such as trains, rails and a signaling system.

To buy VND1billion social housing, buyers must save VND5-7 million a month

Real estate experts say that social housing products have become cheaper than ever, but are still beyond the financial capability of many people.

Eximbank's eventful history before its extraordinary shareholders’ meeting

Eximbank is well known in Vietnam, not because of its impressive business results in the last 10 years, or profits it brings to investors, but because of the struggle among leaders and uncertainties about the leadership.

Couple faces startup failures, but finally succeeds raising cage-free chicken

Losing money after three business attempts and forced to sell their wedding rings to pay debts, the couple eventually succeeded with raising cage-free fowl.

Carbon market – a key for VN on the path to net zero

With a focus on the country’s net zero 2050 target, the event provided an opportunity to assess both the carbon credit mechanism and Việt Nam’s broader strategy for addressing climate change.

E-commerce platforms to declare, pay taxes on behalf of sellers from April 2025

E-commerce and digital platforms with payment functions will have to declare and pay taxes on behalf of sellers being business households and individuals from April 1, 2025.

Ministry proposes incentives for automobile industry to be extended

The Ministry of Finance has proposed the tax incentives for the automobile part-supplying industry to be extended to December 31, 2027 instead of the end of this year to promote the development of the domestic automobile industry.

Central bank increases credit growth limit for banks for second time this year

The State Bank of Vietnam (SBV) on November 28 announced it would increase credit growth target for credit institutions, for the second time this year.

Vietnam enhances relations with Canada, Singapore within CPTPP framework

Vietnam praised Canada’s efforts and its coordinating role in advancing CPTPP activities, which have made this framework increasingly dynamic and attractive to economies seeking membership.

Global flavours flood Vietnamese retail market

International specialty products are making significant inroads into Vietnam's domestic retail channels, offering consumers an expanding array of culinary and cultural experiences through strategic marketing and distribution networks.

Vietnam evolving to manufacturing and R&D hub with new FDI

Vietnam is witnessing a significant shift in the quality of foreign direct investment (FDI) projects pour into the country as an increasing number of high-tech and pioneering industrial companies move into the country to expand operations.

How Vietnam can tap into the $1 trillion semiconductor market

As the global semiconductor industry races toward a $1 trillion valuation, Vietnam seeks to establish itself as a key player amid challenges in talent and ecosystem development.

Robusta boom: Vietnam’s coffee farmers profit amid rising global prices

With coffee exports exceeding $4.7 billion by mid-November, Vietnam’s farmers and exporters are reaping the rewards of a global coffee price surge.

Why the North-South high-speed rail won’t extend to Ca Mau

The Vietnamese government has clarified its decision to limit the North-South high-speed railway to Hanoi-HCMC, prioritizing efficiency and long-term benefits over extended routes.