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New policy on reducing credit limits to have impacts on big banks, groups

A new regulation on reducing the bank credit limit for large customers under the amended Law on Credit Institutions, will adversely affect both banks and large enterprises, experts said.

Vietnam’s Arabica promoted at World of Coffee Copenhagen

Three Vietnamese enterprises have participated in the 2024 World of Coffee 2024 festival, which was organised by the Specialty Coffee Association (SCA) in Copenhagen, Denmark, from June 27-29.

TikTok to allocate 1 million USD to support SMEs in Vietnam

The popular short video platform TikTok announced last week that it is offering an ad credits package worth 1 million USD to support small and medium-sized enterprises (SMEs) to promote their advertisement activities on the platform.

Vietnam’s gaming industry aims at $1 billion in revenue

With a young population and ability to access to new technologies, Vietnam is emerging to become an important destination for the world’s leading game companies from Japan, the Republic of Korea, China and North American countries.

US becomes top market for Vietnamese pepper exports

In the first five months of 2024, the United States imported over 28,000 tons of pepper from Vietnam, valued at more than 128 million USD.

US$63 million conveyor belt project for coal transport from Laos approved

The Quang Tri Provincial People's Committee has approved the policy allowing Nam Tien Company to construct a conveyor belt system for transporting coal from Laos to Vietnam.

Former FLC Chairman faces trial: 30,403 victims of fraud identified

On July 22, the Hanoi People's Court will commence the first-instance trial of former FLC Chairman Trinh Van Quyet, along with 49 other defendants.

Civil Aviation Authority of Vietnam urges airlines to address aircraft shortage

The VN Civil Aviation Authority has issued a directive urging airlines to actively search for and add more aircraft to replace those suspended due to engine recalls, and to increase capacity on key tourist routes, including those to and from Can Tho.

Vietnam’s PMI rises sharply in June on new order growth

Vietnam’s Manufacturing Purchasing Managers' Index (PMI) rose sharply to 54.7 in June from 50.3 in May as new growth surges reached near-record highs, according to the latest report released by S&P Global.

Vietnam leads in motorbike usage amongst Southeast Asian countries

Vietnam boasts the largest share (96%) of motorbike and moped users among passenger vehicles of all types compared to other countries in Southeast Asia, according to Seasia Stats.

Livestreaming under scrutiny to increase tax management efficiency

Livestreaming is being scrutinised to discover the best methods of increasing tax management to ensure fairness and transparency in the online retail market.

VN’s economy grows 6.93% in Q2: GSO

According to the GSO, the country’s GDP growth in the first six months was 6.42 per cent year-on-year.

VN central bank works to raise interbank rates and ease forex market

The State Bank of Vietnam has shortened terms and kept the interest rate of its bills unchanged to increase the attractiveness of the bill channel.

Vietnam seeks to expand coffee market share in Canada

The export value of Vietnamese coffee to Canada reached over 4.4 million USD in the first quarter of 2024, up 12.2% compared to the same period last year.

Int’l organisations share positive outlook for Vietnam’s economy

Vietnam's economy is experiencing a surge, fueled by strong export and industrial production, according to a series of reports from international organisations.

Vietnam earns 2.98 billion USD from rice exports in H1

Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning 2.98 billion USD, according to the Ministry of Agriculture and Rural Development.

10.5 million electric cars, 98 million electric motorbikes on roads by 2050

There are about 2.4 million cars in circulation and most of them run on gasoline, but by 2050 most vehicles will be electric, a report says.

Greenhouse-gas emissions inventory costly for farmers

If a new draft regulation is approved, as many as 4,000 pig and cow farms will have to conduct greenhouse gas emissions inventory. It is estimated that each farm will have to spend VND100-150 million a year on stocktaking.

Vietnam needs $2.7 billion for 1 million hectare high-quality rice project

Vietnam will need about 2.7 billion USD to implement its project of planting 1 million hectares of high-quality rice from now to 2030, according to an official from the Ministry of Agriculture and Rural Development (MARD).

Vietnam reduces VAT to boost economy and lower costs

From July 1, a reduced VAT rate of 8% will apply to most goods and services, helping to save costs and increase consumption.