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Vietnam pepper exports to top 1 billion USD in 2024

Vietnam could ship more than 1 billion USD worth of pepper abroad for the whole 2024 on the back of high global demand and limited supply, according to the Vietnam Pepper and Spice Association (VPSA).

Vietnam's Petrolimex explains doubling of profits in first half of 2024

Petrolimex, Vietnam’s largest petroleum distributor, reported a more than doubling of its profits in H1/2024, attributing the surge to stable global oil prices, increased sales volumes, and strong financial returns from its subsidiaries.

Vietnam's tourism industry tested by 4,500 Indian MICE travelers

The arrival of 4,500 Indian tourists is not just a boost for Vietnam’s image but also a significant test for its MICE tourism sector, highlighting both opportunities and existing challenges.

MG apologizes for Vietnam map error in promotional video

MG, a car manufacturer under China's SAIC Group, has issued an apology after a promotional video for the MG7 mistakenly displayed a map of Vietnam that omitted Ha Giang province, leading to public outcry.

China's auto giants challenge Vietnam with premium pricing

Chinese automakers have entered the Vietnamese market with a surprising strategy, introducing vehicles at higher price points rather than competing in the budget segment.

Coffee exports need higher added value for sustainable development: experts

Coffee exporting enterprises and authorities need to build an ecosystem to effectively utilise free trade agreements (FTA) to develop the industry, experts have said.

Regulations on livestream sales urged to prevent tax losses

Vietnamese law currently has no specific regulations on registering sellers on streaming platforms.

Dutch Lady brand clarifies identity following arrest of Holland Milk CEO

On August 30, the Ministry of Public Security announced the arrest and prosecution of Nguyen Trung Vuong, CEO of Ha Lan (Holland) Milk Joint Stock Company, for "Manufacturing and trading counterfeit goods as food."

Japanese investors pour over 1.3 billion USD into Ha Nam

The Management Board of Industrial Parks in the northern province of Ha Nam on August 30 held a meeting with Japanese enterprises that are investing in industrial parks in the province.

Thua Thien – Hue calls for investment in 32-trillion-VND steel project

The central province of Thua Thien – Hue is calling for investment in a 32 trillion VND (1.28 billion USD) steel project in Chan May – Lang Co Economic Zone.

Agro-forestry-fisheries trade surplus booms over 68% in eight months

Vietnam has recorded 11.8 billion USD in agro-forestry-fisheries trade surplus over the first eight months of 2024, surging 68.4% year on year, reported the Ministry of Agriculture and Rural Development (MARD).

Around $2.7 billion needed to carry out 1 million ha high-quality rice project

Approximately 2.7 billion USD is required from various funding sources to implement a project on developing 1 million hectares of high-quality and low-emission rice in association with green growth in the Mekong Delta region by 2030.

Domestic steel producers face fierce competition from foreign rivals

Vietnam's steel industry is facing fiercer competition from foreign rivals as imported products, particularly those from China, have flooded the domestic market, raising fears of market saturation.

Tightening regulations and limited marine farming may impact exports

Vietnam’s seafood exports remained heavily dependent on natural sources, which have become increasingly difficult to secure due to tightening regulations and limited local marine farming.

Government reduces registration fees to boost car sales

The Vietnamese government has announced a temporary 50% reduction in registration fees for domestically produced and assembled cars on August 30.

Ministry official given luxury watch in exchange for petroleum trading license

With the excuse of a belated birthday gift, the CEO of Xuyen Viet Oil Mai Thi Hong Hanh gave a luxury Patek Philippine watch to Nguyen Loc An, a Ministry of Investment and Trade (MOIT) official.

Da Nang unveils attractive incentives to boost semiconductor industry

Da Nang is focusing on three strategic breakthroughs - policy, human resources, and infrastructure - to develop its semiconductor industry.

Incheon Airport Group wins bid to manage Long Thanh Airport operations

On August 30, the Airports Corporation of Vietnam (ACV) signed a contract with the Incheon Airport consortium for the operations management consultancy of Long Thanh International Airport.

Vua Nệm achieves significant turnaround, expects solid  profitability in 2024

Vua Nệm, Vietnam’s leading mattress retailer, has made significant strides in financial health following a year of strategic restructuring.

Vietnam’s passion fruits close to entering US market

Technical requirements for Vietnam’s passion fruits were agreed and the process will now move to the next step of implementing legal procedures.