business news

Update news business news

Tran Dinh Long's assets soar, expected to surpass Pham Nhat Vuong’s

The prosperity of the steel manufacturing sector, plus increased demand for Hoa Phat Group shares (HPG), are behind the rapid increase in Tran Dinh Long’s assets.

Vietnamese foods on way to conquer global market

Vietnamese foods are ranked fifth in the global food, including organic foods. Many businesses are creating more products to expand their presence in the global market.

Digital publishing on the rise

The number of digital publications issued in 2023 rose 19.4% year-on-year to 4,000 titles with around 36 million copies, according to the Ministry of Information and Communications’ Authority of Publication, Printing and Distribution (APPD).

Intensified competition and strategic calculations shape VN’s retail landscape

According to a report by Q&Me, a market research company, updated in April 2024, the retail market in Việt Nam has experienced remarkable transformation.

Italy remains Vietnam's largest iron and steel import market

During the past 3 months of the year, Italy continued to be Vietnam's largest iron and steel import market, with the Southeast Asian nation’s export turnover approximating US$299 million, marking increases in volume and value over the same period.

Made-in-Vietnam wind turbine towers bound for RoK

Ten domestically-manufactured offshore wind turbine towers are set to depart from Phu My Industrial Zone in Ba Ria-Vung Tau by the end of April 2024, bound for Jeonnam 1 wind power project off the coast of the Republic of Korea's Jeonnam province.

Vietnam proves growing foothold in semiconductor value: Tractus

Vietnam has proved its significant and growing foothold in the semiconductor value chain across ASEAN in recent years, business strategy consulting and operations management firm Tractus wrote in its recent article.

Cryptocurrency is not banned in Vietnam: Ministry

Cryptocurrency is not banned in Vietnam but it is necessary to develop a legal framework to ensure its on-track development and prevent risks, a representative from the Ministry of Justice has said.

Creative economy to bring numerous opportunities for Vietnam: CIEM

Vietnam should promote the development of the creative economy in order to benefit from the numerous opportunities brought by it, the Central Institute for Economic Management (CIEM) suggested.

Vietnam’s economy maintains growth despite global uncertainties

The Asian Development Bank (ADB) has maintained its previous forecast about Vietnam’s economic growth in 2024, despite uncertain global conditions.

As electricity use climbs, businesses urged to arrange shifts in off-peak hours

Because electricity consumption has been at a high level, Electricity of Vietnam (EVN) has proposed a policy encouraging enterprises to operate production during off-peak hours.

Gold prices hit new record high at VND85 million per tael

Gold prices in the domestic market maintained an upward trend on April 12, with gold bars reaching a new high of VND85 million per tael, and gold rings setting new record of VND78.20 million per tael.

NA Chairman receives leaders of Chinese corporations

Chairman of the National Assembly Vuong Dinh Hue hosted receptions for leaders of several Chinese corporations in Kunming city, Yunnan province, on April 12 as part of his official visit to China.

Binh Duong to host Horasis China Meeting 2024

Horasis China Meeting 2024 will take place in the southern province of Binh Duong on April 14 – 16, featuring six plenary sessions and 24 dialogues, according to Vice Chairman of the provincial People's Committee Mai Hung Dung.

Vietnam transforming into new global manufacturing hub: experts

Vietnam is transforming into a new global manufacturing hub, offering a diverse range of products that are competitively priced and continuously improving in quality.

More Vietnamese going out to eat despite economic difficulties

A report on the food and beverage business in Vietnam in 2023 found that Vietnamese spend up to VND70,000 on each visit to a café.

VN textile industry in sustainability push to meet stringent requirements

Vietnam's textile and garment businesses are making a green push with development of eco-friendly products adapted to global fashion trends and by meeting the stringent requirements under free trade agreements the country has signed.

New strategies needed to attract overseas-Vietnamese to semiconductor industry

Vietnamese experts who live and work overseas are a great source of talent for the semiconductor industry development in Vietnam.

Vietnam mulls expansion of direct power purchase agreement mechanism

The Ministry of Industry and Trade is seeking to expand the list of participants in the direct power purchase agreement mechanism (DPPA) beyond just manufacturing customers, as initially proposed.

Cement association proposes PM address challenges facing producers

The VN National Cement Association has just submitted a proposal to the PM aimed at addressing financial and production bottlenecks faced by cement manufacturers who are at risk of bankruptcy and potential acquisition by foreign companies.