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Companies urged to apply IFRS to take opportunity for international expansion

Companies should apply international financial reporting standards (IFRS) to improve transparency and increase the chances to expand globally, experts have said.

Bad debts kept rising in five months

Bad debts in the banking system in the first five months of 2024 continued to increase by some 75.9 trillion VND (3 billion USD) against the end of 2023.

Discerning selection helps Vietnam attract high quality FDI projects: minister

Vietnam’s foreign direct investment (FDI) attraction continues to prosper in July, and quality of FDI capital flows increase sharply thanks to careful project selection.

Vietnam's finished steel production projected at 30 million tonnes

Vietnam's finished steel production is projected to hit 30 million tonnes this year, marking a 7% annual increase, according to the Ministry of Industry and Trade (MoIT).

Vietnam gains nearly 5.93 million USD from SOE sell-offs

The Government earned over 149 billion VND (5.93 million USD) from capital divestment at four State-owned enterprises during January – July, the Ministry of Finance (MoF) said.

Supporting industries become more attractive

Vietnam's supporting industries (SI) are becoming increasingly attracting to foreign direct investment (FDI). However, stronger policies are necessary to enable domestic enterprises to make significant breakthroughs in this sector.

Mechanisms needed for rice industry to go circular: insiders

Special mechanisms and policies must be put in place to encourage investments in the processing of rice by-products, a bold step that helps deliver significant benefits to farmers while contributing to carbon footprint reduction.

Bank bond issuance soars 140% amid debt crisis

Bank bond issuance has surged to 96.2 trillion VND this year, a surge of 140% from last year, according to MB Securities (MBS).

Automation expert aims to globalize Vietnamese ginseng

With an automated approach to ginseng production, Professor Dr. Dinh Van Hien has set a mission to not only make ginseng accessible to all Vietnamese people, including the poor, but also to introduce Vietnamese branded ginseng to the global market.

New law to untie the hands of State-invested enterprises

The draft Law on Management and Investment of State Capital at Enterprises is expected to solve current problems, thereby helping state-owned enterprises develop.

Part 1: Vietnam’s economy: facts and figures

From a poor country, Vietnam has made a strong rise and become closer to a higher average income level. It has become a destination of many multinationals and has integrated more deeply into the global supply chain.

Strategies needed for shrimp sector to meet export target: insiders

Businesses, farmers, and management authorities need to develop rational strategies in response to market changes to create breakthroughs and achieve the set export revenue target of US$4-4.3 billion for the year, experts have said.

Growth quality depends on executives’ courage to take action

Officials’ spirit of taking responsibility, "daring to think and daring to do", needs to be promoted to help the national economy overcome the current difficult period.

Circuit-3 500kv transmission lines – continuation of miracle

Thirty years ago, at 7:07pm on May 27, 1994, the 500kV power transmission line system was officially put into operation.

Unleashing offshore wind potential: Vietnam's path to green energy

Offshore wind energy is crucial to many nations' green energy transition, but Vietnam is new to this field.

FTI celebrates international customers with a green & innovative event in Cat Ba

In a grand celebration of partnership and innovation, FPT International Telecom Company Limited (FTI) hosted its annual “FTI’s Carrier Day 2024” event in Cat Ba Island from July 31 to August 2, 2024.

What Vietnam can say and do

The philosophy that Vietnam has been pursuing is building peace instead of war, trust rather than hostility, cooperation instead of isolation, wisdom not violence, and going together, not alone.

Hanoi uses high tech in agriculture in aim for sustainable growth

Hanoi has gathered resources to develop a modern, clean and organic agriculture and a circular economy with a sustainable connection to global value chains.

HCM City not to create a new land price framework, will make adjustments only

Currently, local authorities are applying the land price framework adjusted according to the 2024 Land Law, the Department of Natural Resources and the Environment said.

Personal loans should not be easy to get: experts

Borrowers of less than VND100 million do not need to provide a feasibility plan to repay as the banks only require their financial records and the intended use for the money.