business news

Update news business news

Chemical, technology firms see opportunities in VN’s semiconductor strategy

FPT and Duc Giang Chemicals are expected to have high earnings from the strong wave of investment in semiconductors thanks to the high demand for chips and yellow phosphorus.

iPhone sales no longer offer super profits as retail competition stiffens

Representatives of Apple's authorized retail stores in Vietnam said that selling iPhone products was no longer a big money maker. For the latest iPhone 15 series, they may break even or even incur a loss.

Super-rich Vietnamese number nearly 1,000

The number of USD billionaires in Vietnam has decreased, but the number of super-rich people has risen rapidly and is expected to increase sharply in coming years.

Apple deems Vietnam an important market and production hub

Vietnam is increasingly playing an important role in Apple's supply and manufacturing chain, with its key suppliers ramping up operations in the country.

Over $1.3 billion of additional investment poured into Hai Phong IPs

From the beginning of the year to September 20, industrial parks and economic zones in Hai Phong City attracted nearly $3 billion

Huge capital poured into big ports in Vietnam

Seaports in Vietnam are expected to receive a huge amount of foreign capital in the time to come as some leading maritime corporations have stated they want to join hands with domestic companies to develop super-ports in Vietnam.

VN advised to build subway system for further growth: lecturer

A country that cannot build a metro in its large cities will not be able to go far, Dr Vu Minh Khuong, a lecturer at Lee Kuan Yew School of Public Policy, Singapore, has said.

Vietnam’s aquaculture top position on world map

The growth in Vietnam's seafood export turnover in recent years has been created from the foundation of the aquatic farming, exploitation and processing industry.

Semiconductors a key industry that VN is aiming for in the future

The scale of this market is about more than US$600 billion last year, and is forecasted to reach $1.4 trillion by 2029.

Legal framework required for renewable export opportunities

By 2030, Việt Nam's offshore wind power is projected to reach 6,000MW, with a goal of over 70,000MW by 2050.

Resellers set limit on number of iPhones per customer

Apple authorized resellers in Vietnam will take orders for iPhone 15 based on the number of phones allocated to them instead of selling on demand.

Top 10 consumers of Vietnamese pepper globally

The United States imported 33,728 tonnes of Vietnamese pepper worth US$135.23 million in the first eight months of the year, becoming the largest consumer of the Vietnamese product in the world, according to the General Department of Vietnam Customs.

Foreign company to develop offshore wind power super-project

The Ministry of Industry and Trade (MOIT) has sent a document to Enterprize Energy, replying to a proposal on the trial development of an offshore wind power project, Thang Long Wind/Thang Long Wind 2, initiated by Enterprize Energy.

VinFast shares regain stability, investors await Vuong’s actions

VinFast’s share prices have been stable at $17-18 per share over the last few trading sessions. The capitalization value of the Vietnamese electric-vehicle manufacturer is still higher than that of the Chinese Li Auto.

Additional over 1.3 billion USD poured into Hai Phong industrial parks

Hai Phong city's Economic Zone Management Board on September 22 granted investment registration and adjustment licences to projects with total investment of more than 1.3 billion USD in local industrial parks.

In gloomy market, major realtors are also suffering

Real estate firms in Vietnam continue to face difficulties as real estate shares fluctuate unpredictably.

Numerous foreign corporations land in Vietnam

Lately, numerous major foreign corporations have been actively seeking investment and collaboration opportunities in Vietnam, such as Boeing, Walmart, and Central Retail.

VN sees many opportunities in coconut exports

Vietnam is optimistic about increasing its coconut exports as several countries are welcoming Vietnamese coconuts.

VN needs to improve regulatory framework to increase green financing

At COP26 in November 2021, VN announced the target to achieve net-zero emissions by 2050, phase out coal power by 2040, and reduce methane emissions by 30 per cent from 2020 levels by 2030.

Vietnam prioritizes resources for semiconductor development

Prime Minister Pham Minh Chinh has asked Vietnamese and American enterprises to closely coordinate and give priority to a number of important business fields in Vietnam, especially the semiconductor industry.