business news

Update news business news

Some F&B businesses not interested in franchise model

Franchise is becoming a popular business model in the domestic and international food and beverage (F&B) sector.

Banks pump over 18.88 billion USD into economy in June

Banks lent more than 480 trillion VND (18.88 billion USD) to economic entities in June, demonstrating the sector’s efforts in concretising the Government’s credit goal of 5-6% to the end of Q2.

Leather, footwear exports to hit 27 billion USD in 2024

Export revenue of the leather, footwear and handbag sector is predicted to hit 26-27 billion USD in 2024 on the basis of the positive results seen so far, according to the Vietnam Leather, Footwear and Handbag Association (LEFASO).

Businesses advised to stay prudent to avoid trading scams

Authorities have continuously warned Vietnamese businesses to stay prudent when trading with foreign partners in the face of a recent scam increase.

Chinese seek to expand in Vietnam's car market

Most of China's top 10 automobile manufacturers in Vietnam have ambitious business strategies.

FPT produces wealth, moves ahead with focus on AI

Two decades after equitization, FPT is now the largest private Vietnamese economic group, big technology exporter and partner with the world’s largest tech giants in the country.

What if Vietnam cuts the vehicle registration tax again?

Although the Ministry of Finance (MOF) has proposed cutting the vehicle registration tax by 50 percent, it is worried about the implementation of international commitments.

Manufacturer earns trillions of VND from selling spices and sauces

A quiet giant has emerged in the spice industry, providing chili sauce and spices to large food brands in Vietnam, such as Pizza Hut, Popeyes, Domino's and Jollibee.

Economy performs well, securities investors optimistic about rest of year

The good performance of the national economy in the second quarter has dispelled concerns of securities investors, who are optimistic about the stock market in July and the second half of 2024.

Foreign investors sell, individual investors buy stocks

Risks still exist which may affect the stock market, but cash flow is still heading for stocks despite foreign investors’ strong sales because other non-stock investment channels remain less attractive.

Rice exporters to Indonesia warned of fewer sales due to internal lawsuit

Indonesia, the second largest rice export market for Vietnam, may stop bidding to buy Vietnam’s rice as the importer needs time to clarify an internal embezzlement allegation.

Part 2: Should Vietnam prepare for Trump’s return?

Experts believe that if former US President Donald Trump returns to the White House, he will continue his policy in his first term to settle the US trade deficit, which may impact Vietnam.

Rooftop solar-power developers may be allowed to sell electricity

The Ministry of Industry and Trade (MOIT) has been asked to work on a policy that would allow the owners of rooftop solar power systems to sell excess electricity to the national grid.

Labour market needs top talent to embrace new trends

Vietnam’s labour market has undergone significant transformation due to technological advancements, the COVID-19 pandemic, and economic shifts, necessitating adaptation from both employees and recruiters to new trends.

PM asks SOEs to consider hiring foreign CEOs to improve efficiency

Prime Minister Phạm Minh Chính has asked the State-owned enterprises (SOEs) to pilot the recruitment of foreign chief executive officers (CEOs) and those who are not members of the Communist Party of Việt Nam for managing positions.

Garment and textile industry pins hope on a robust second half

The garment and textile industry expects to see robust growth in the second half of this year, with rising orders and improving consumption demand.

Luxury apartment prices double in Ho Chi Minh City over 8 years

From 2015 to 2023, Ho Chi Minh City's real estate market experienced significant growth, with luxury apartments and land plots seeing the highest price increases.

Vietnam faces challenges in rare earth processing for tech industries

Despite possessing substantial rare earth reserves, Vietnam's extraction and processing capabilities remain limited, falling short of serving the semiconductor and electric vehicle industries.

SSIT welcomes MSC’s first direct European service in Vietnam

On July 12, 2024, the SP-SSA International Terminal (SSIT) marked a significant milestone by welcoming the MSC TOKYO, the first-ever direct European service to Vietnam from the Mediterranean Shipping Company (MSC).

Foreign importers rush to place orders, Vietnam’s farm exports boom

“Many buyers have come and placed orders. Sometimes we receive several groups of buyers each day,” said Phan Minh Thong, chair of Phuc Sinh Group.