business news

Update news business news

Individuals in Vietnam to sign electronic contracts using VNeID

In a significant stride towards digital transformation, individuals in Vietnam will soon be empowered to sign electronic contracts using VNeID, marking a monumental shift in the country's digital economy landscape.

VEAM CEO prosecuted: Foreign investors sell off, stocks drop sharply

The announcement of the arrest of General Director Phan Pham Ha has triggered a significant sell-off of VEA shares by foreign investors, resulting in a sharp decline in stock prices for Vietnam Engine and Agricultural Machinery Corporation (VEAM).

HCM City unveils labour, employment strategy through 2025

In response to the city's slowing labour productivity growth, the Ho Chi Minh City People’s Committee has issued a labour and employment strategy for the 2023-25 period, with a vision to 2030.

Vietnamese exports recover in 2024, still face challenges

Vietnamese businesses need to use clean energy, make specific commitments and actions to convert to sustainable and environmentally friendly production to meet increasingly strict requirements, experts say.

How Truong My Lan and associates illegally transferred US$4.5bil across borders

In the second phase of the Van Thinh Phat case, the investigative agency has uncovered illicit financial activities abroad, involving over 106 trillion VND (equivalent to $4.5 billion) orchestrated by Truong My Lan and other individuals.

Da Nang aims to have 1,500 chip designers in six years

The Da Nang Information and Communications Department is drafting a plan on developing a semiconductor and AI industry, with focus on chip designing, assembly, testing, and packaging, according to the department’s deputy director Tran Ngoc Thach.

E-commerce industry on road to meeting US$35 billion revenue target in 2025

The market size of Vietnamese e-commerce hit US$20.5 billion last year, marking an increase of about US$4 billion compared to 2022, and the industry is likely to achieve the US$35 billion revenue target ahead in 2025.

Victims demand urgent resolution of billion-dollar Van Thinh Phat bond fraud

Victims of the billion-dollar Van Thinh Phat bond fraud case are urging authorities to expedite the investigation since they face financial ruin.

UOB projects Vietnam’s Q2 GDP growth rate to hit 6%

In 2025, UOB expected the Vietnamese economy to grow at 6.4%

Central bank urges Public Security Ministry to address gold market manipulation

The State Bank of Vietnam (SBV) has urged the Ministry of Public Security to investigate and tackle instances of gold market manipulation.

Exporters concerned about amended VAT Law

If services in non-tariff zones are taxed a 10 percent VAT, production costs will increase, affecting the competitiveness of Vietnam’s exports.

Domestic motorcycle market remains challenging in 2024

Vietnam remains the world's leading motorbike market, with over two-thirds of adults owning two-wheeled vehicles.

Vietnam has no comprehensive industrial development policy: Minister

Domestically-produced components and mechanical products have so far met 80-90 per cent of local production needs in the motorbike industry, 15-40 per cent of the automobile industry and 40-60 per cent of the agricultural machine industry.

Businesses face difficulties in declaring goods eligible for VAT cut

Businesses have been facing many difficulties in claiming goods eligible for the government’s two per cent tax cut, said Đậu Anh Tuấn, deputy secretary-general of the Vietnam Chamber of Commerce and Industry (VCCI) and head of its legal department.

Airfares fall, but passengers have to depart at night, return at dawn

Instead of booking tickets for morning departure and afternoon return to fit check-in/out hours at hotels, many passengers have to leave "at the first gleam of daylight" and return at night to be able to enjoy low airfares.

Real estate market picking up

The real estate sector has been bustling with a series of positive signs, as some resort projects are reactivated, industrial ones implemented, and new housing supply entering the market.

Rooftop solar power to reduce costs: Ministry

The Ministry of Industry and Trade (MOIT) has been consistent in its view that the major goal of rooftop solar power is self-sufficiency for users, not sales for profit.

Thaco Agri reports profits, billionaire owner maintains fortune

Thaco Agri’s reported profits have surprised shareholders and investors.

Assembly cars lose ground in VN, await registration fee incentives

Vietnam witnesses a surge in imported cars, surpassing domestically assembled vehicles in recent months, prompting both consumers and manufacturers to anticipate forthcoming incentives.

Experts propose tax on gold trading

To address current market instabilities, experts suggest considering a tax on gold transactions as a regulatory measure.