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Vietnam’s leading breweries see profit gains as beer demand grows

The beer industry in Vietnam experienced notable growth in Q3 2024, with Sabeco and Habeco both reporting higher revenues and profits.

Realtors slowly recover, though difficulties still exist

The Vietnamese real estate market is recovering, though the process has been going slowly. Property firms are applying flexible solutions and seeking support from local authorities to overcome challenges.

Long Son Petrochemical Complex temporarily halts commercial operation

Thailand’s Siam Cement Public Company Limited (SCG) has announced a temporary halt to the commercial operation of its Long Son Petrochemical Complex (LSP) in Vietnam’s Ba Ria-Vung Tau province for additional investment.

Vietnamese exports to US grow as supply chains shift

Vietnam recorded a 24% year-on-year increase in exports to the US in the second quarter, ranking second in the ASEAN region after the Philippines, which saw a 35% rise, according to Nikkei Asia trade data published on its site on October 31.

Vietnam still dominates Philippine rice import

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports.

VN cements ties with partners to engage in global semiconductor, AI industries

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.

TMT Motors struggles with electric car business, reports major losses

TMT Motors, known for importing and selling Chinese electric cars, reported significant financial losses as sales fell short of expectations and high inventory costs mounted.

VN's agricultural sector breaks records with $6.34 billion in fruit exports

Vietnam’s agricultural sector is receiving a series of exciting milestones, with record-breaking exports in rice and coffee. Additionally, fruit exports have reached $6.34 billion in just the first 10 months of this year.

Vietnam aims for 30% electric car adoption by 2030 in climate push

In a bid to curb greenhouse gas emissions, the Ministry of Transport has introduced a plan to have 30% of all cars and 22% of motorbikes in Vietnam be electric by 2030.

Cross-border e-commerce giant Temu completes tax registration in Vietnam

Vietnam’s Tax Authority has confirmed that Temu’s operator has completed tax registration, initiating quarterly revenue declarations to ensure full compliance.

SK Group finalizes 76 million share transfer in Masan group

South Korea’s SK Group completes a major share transfer in Vietnam’s Masan Group, showcasing global investor interest in the Vietnamese market.

Belgian Ambassador sees Vietnamese tech as a catalyst for Belgian innovation

The Ambassador of Belgium to Vietnam, Karl Van Den Bossche, hopes Vietnamese tech companies can inspire Belgian businesses to adopt new technologies, including AI and IoT, in their operations.

New electricity price plan and power import strategy set for 2025

Prime Minister directs ministries to ensure no power shortages in 2025, with gradual adjustments to electricity prices and enhanced imports from China and Laos.

Vietnam’s first semiconductor expo underway in HCM City

The 2024 International Exhibition for Integrated Circuit and Semiconductor Industry (SEMICON VIETNAM), the first of its kind in the country, was opened in Ho Chi Minh City on October 31.

Vietstock & Aquaculture Vietnam 2024 celebrates 20 years, draws record crowd

The recent Vietstock and Aquaculture Vietnam 2024 exhibitions, held at the Saigon Exhibition and Convention Center (SECC) in HCM City, saw record-breaking attendance, attracting 13,624 industry professionals over three days.

Vietnam clears imported Chinese grapes in latest food safety inspection

Following safety checks, no pesticide residues were found on recent Chinese grape imports; authorities monitor closely.

China’s demand slump sends areca nut prices spiraling

After months of record highs, areca nut prices have plummeted as Chinese buyers reduce orders, impacting farmers across Vietnam’s central provinces.

Low-cost apartments in Hanoi hit record shortages as prices soar

Apartment prices continue to surge in Hanoi, with affordable housing under 25 million VND ($1,000)/m² nearly vanishing, sparking concerns over accessibility for low- and middle-income earners.

Vietnam spends over US$1.54 billion on importing liquefied gas in nine months

Vietnam imported nearly 2.39 million tonnes of liquefied gas, worth over US$1.54 billion, during the opening nine months of the year, up 24.73% in volume and 33.79% in value against the same period from last year.

Vietnam chairs World Customs Organisation’s technical council session

The 245th/246th Sessions of the World Customs Organisation (WCO)’s Permanent Technical Committee (PTC) has taken place in Brussels, the first of its kind under Vietnam’s current chairmanship.