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More bad news for major machinery manufacturer: CEO arrested

The arrest of Phan Pham Ha, CEO of the Vietnam Engine and Agricultural Machinery Corporation (VEAM) has extended the list of the corporation’s leaders sentenced to prison.

Empowering women: Unilever Vietnam's journey towards gender equality

In many organizations, a "glass ceiling" – an unseen barrier preventing women from advancing to top positions – has been a persistent issue.

Vietnam Airlines sees revenue surge to VND93tril, eyes balanced budget in 2024

At the annual general meeting of shareholders on June 21, Vietnam Airlines announced consolidated revenue in 2023 of over 93 trillion VND.

Used car market recovers, dealers pocket high profits

Sales of used cars have bounced back after a long period of slow growth. Many buyers have cancelled their plans to buy new cars and have bought used autos instead.

Navigating challenges in the green bond market

Recent reports suggest a decline in Vietnam’s green bond issuance, with only around VNĐ3 trillion in the first ten months of 2023 compared to VNĐ37 trillion in 2021.

Significant progress for EV development in Vietnam

The development of electric vehicles in the Vietnamese market has shown significant progress in recent years.

FTAS - Driving force for agricultural growth

Vietnam is currently  a signatory to 16 free trade agreements (FTAs), which are described as highways connecting Vietnam’s economy with major trading partners in the world.

Legal apartments too expensive, people buy apartments with no pink book

Many people in Hanoi are buying apartments with no pink book (proof of ownership that outlines the legal rights of owners) because they are much cheaper than products with full legal ownership.

FIT pricing scheme for renewables no longer reasonable: Ministry

Regarding policies for renewables development, the Ministry of Industry and Trade (MOIT) believes that it is time to shift from support to competition policies.

SBV reports difficulties in preventing cross-ownership among banks

The excessive ownership ratio and cross ownership among banks, and between banks and businesses, have declined considerably but problems still exist, according to the State Bank of Vietnam (SBV).

Vietnam Energy Outlook Report 2024 launched

With enormous potential for solar power, onshore and offshore wind power, Vietnam is well positioned to transform its energy sector from fossil fuels to renewable energy and leverage its national resources.

Traders at traditional markets in HCM City list prices to attract more consumers

Efforts are being intensified in HCM City to support traders at traditional markets to boost sales and capture a larger market share.

Central bank urges efforts to prevent trading of student bank accounts

The State Bank of Vietnam has sent a document to provincial and municipal people’s committees encouraging efforts to prevent the trading of students’ payment accounts.

Fed maintains high interest rates: Implications for gold prices & exchange rates

The US Federal Open Market Committee (FOMC) has decided to keep the benchmark interest rate unchanged for the seventh consecutive time, maintaining the rate at a 23-year high of 5.25-5.5% per year.

Despite poor sales, motorbike dealers keep prices at high levels

The Vietnamese motorbike market is quiet as demand is weak. However, motorbike dealers are still quoting high selling prices which are even more than manufacturers' suggested retail prices (MSRP).

Foreign developers dominate modern warehouse market in Vietnam

Foreign developers have dominated the modern warehouse market in Vietnam, accounting for over 75% of the country’s market share by the end of 2023.

No funds from VND120 trillion social-housing package have been disbursed

A credit package of VND120 trillion was launched a year ago to provide preferential credit to develop social housing and improve old apartment buildings. However, no project has received disbursement from the package.

Vietnam urged to remove legal barriers for eco-industrial park development

The development of eco-industrial parks is not an easy task when there are many obstacles in terms of mechanism, determination and participation of enterprises, experts have said.

Chinese electric cars face uphill battle in Vietnam's market

The Vietnamese market is witnessing a surge of Chinese electric cars since 2023, with five brands entering in just the past 12 months, covering all segments from mini cars to SUVs and MPVs.

Da Nang seeks new 'driving forces' for development

Da Nang Party Committee Secretary Nguyen Van Quang said Da Nang vows to establish a free trade zone (FTZ) as a driving force in the city's new development stage.