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Vietnam faces serious shortage of aircraft: CAAV Director

Airplane engine manufacturer Pratt & Whitney’s recalling of a number of A321Neo aircraft operated by Vietnam Airlines and Vietjet Air has caused the domestic aviation industry to face a serious shortage of aircraft.

Vietnam’s billionaires move up in Hurun Global Rich List

Chairman of Vietnamese private conglomerate Vingroup Pham Nhat Vuong, at 4.8 billion USD, moved 252 places to rank 678th in the Hurun Global Rich List 2024.

Coffee price at all-time high, exporters incur losses

Coffee prices have soared, causing some exporters of Vietnamese coffee beans to cancel contracts previously signed with partners.

Vietnam waiting for major technology projects

Vietnam is waiting for major high-tech and future technology projects registered in 2024, as many foreign big names in this field have expressed their interest in the domestic market.

Japanese firm pours US$560 million into Vietnamese gas field

Mitsui of Japan is set to invest roughly JPY84 billion, equal to US$560 million, to develop a gas field in southern Vietnam under a project led by the Vietnam Oil and Gas Group (PetroVietnam), Nikkei Asia has quoted the Japanese trading house.

Vietnam emerges as world’s second largest footwear exporter

Vietnam ranks second in the world in footwear exports with an estimated export volume accounting for 10% of the world’s overall market share, according to the General Department of Vietnam Customs.

National Power Plan 8 needs clarifications: experts

After the Prime Minister released Decision 500 approving the eighth national power development plan (Plan 8), agencies and investors were expecting an overall plan, open and transparent, that guides the implementation of the plan.

Vietnam to benefit from Fed’s rate cut

According to experts, the Fed’s interest rate cut will support Việt Nam’s monetary policy management as the State Bank of Vietnam (SBV) may not be under pressure of dollar appreciation after the greenback weakens in the wake of the Fed’s rate cut.

MoIT considering request to investigate imported hot-rolled coil

The Ministry of Industry and Trade (MoIT) has received a proposal to initiate an anti-dumping investigation of hot-rolled coil (HRC) imported from China from two domestic manufacturing enterprises.

Foreign investors make beeline for VN property market

Vietnam's property market is attractive for foreign investors, according to experts.

International football betting not allowed in Vietnam until laws are clear

Minister of Finance Ho Duc Phoc said a legal framework is needed for international football betting before the business is deployed in Vietnam.

VN lacks policies to encourage use of electric motorbikes

The process of shifting from petrol-run to electric motorbikes is facing challenges. Experts say the process will succeed only if there are attractive policies to persuade people to use electric vehicles.

Agricultural product exports boom in first months of 2024

Maintaining last year's growth momentum, the exports of many Vietnamese agricultural products posted strong performance in the first months of this year.

Vietnam F&B industry in 2024 continues growth with new trends

The value of the Vietnamese F&B market is expected to grow by 10.92% this year compared to 2023.

Vietnam urged to abolish state monopoly on gold bullion production

It is time for Vietnam to abolish the state monopoly on gold bar production and to grant production licenses to qualified enterprises.

MICE tourism: Vietnam's lucrative “golden market” unveiled

Vietnam's MICE (Meetings, Incentives, Conferences, Exhibitions) tourism has been undergoing a qualitative and quantitative transformation in recent years, according to experts in the field.

Nam Dinh to change $2 billion coal-fired power project to gas-fired

The transition from a coal-fired to an LNG-fired thermal power plant, according to Nam Dinh provincial authorities, will gradually reduce the number of coal-fired power plants and satisfy environmental protection regulations.

Wood industry has opportunities to increase revenue from carbon credits

Vietnam's wood industry has opportunities to engage in the carbon market as the whole world is pushing ahead for a greener economy, heard a recent dialogue in Ho Chi Minh City.

Vietnam’s banking profitability forecast to strengthen in 2024

Vietnam Investors Service (VIS Rating) predicts the industry’s return on average assets (ROAA) will recover from wider net interest margins (NIM) and stronger loan growth and support capital generation.

VNDirect expects to resume operation on April 1

The company is completing procedures with the information security management agency to officially connect with the two stock exchanges, expected to be completed today.