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Rice exports to set record turnover of 5 billion USD in 2024

Rice exports could bring in a record turnover of 5 billion USD this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter.

Vietnam steps up efforts to increase localisation rate in industrial production

With significant strides in mechanical engineering, particularly in agriculture, Vietnam is now working to increase the localisation rate in industrial production.

Auto industry struggles: Weak demand leaves VN car market in the doldrums

Despite numerous efforts to stimulate consumer demand, Vietnam's auto market continues to grapple with weak sales and persistent challenges.

HCM City to adjust land prices, highest rate reaches US$32,000/m2

If being approved, HCMC will implement new land prices from August 1, with the highest rate reaching VND810 million ($32,000)/sq.m. This adjustment, lasting until the end of the year, affects various key areas, including major streets in District 1.

Thailand becomes top growth market for Vietnamese fruits and vegetables

In a surprising trend, Thailand, a nation known for its robust agricultural sector, has nearly doubled its expenditure on Vietnamese fruits and vegetables in the first half of this year.

Indonesia licenses certificates of lobster cultivation for three VN companies

Three out of the five Vietnamese businesses, which have formed limited liability companies in Indonesia, have been verified and received certificates of lobster cultivation from the Directorate General of Aquaculture.

Korean financial firms prosper in Vietnam

A growing number of financial companies of the Republic of Korea (RoK) are showing signs of extended profit in Vietnam after years of a downturn brought on by the COVID-19 pandemic, market watchers have said.

Former FLC Chairman asserts ownership of $197.5 million in frozen assets

Former FLC Group Chairman Trinh Van Quyet, once the wealthiest man on the Vietnamese stock exchange, has declared that his personal assets, now frozen, are worth approximately 5,000 billion VND (over $197.5 million).

HSBC raises Vietnam's GDP growth forecast to 6.5%

HSBC has raised its forecast for Vietnam's GDP growth this year to 6.5%, as compared with the previous projection of 6%, following the country's better-than-expected performance in the first half.

Imexpharm achieves net revenue of 1.008 trillion VND in H1 2024

In its latest financial update, Imexpharm Corporation has reported strong growth in net revenue and significant strategic advancements, along with plans for a bonus share issuance to support future expansion.

Online shopping boom in Vietnam: US$6 billion spent in H1/2024

In the first half of 2024, Vietnamese consumers spent a staggering VND143.9 trillion ($6 billion) on online shopping, highlighting the explosive growth of the country’s e-commerce sector.

Nguyen Quoc Cuong's business ventures post-exit from Quoc Cuong Gia Lai JSC

Following his departure from Quoc Cuong Gia Lai JSC in 2018, Nguyen Quoc Cuong, also known as Cuong "Dollar," has successfully built a diverse career, establishing businesses across multiple industries.

PM requests to complete decree on car registration fees in July

PM Pham Minh Chinh has requested the Ministry of Finance to urgently study the impact, and to complete and propose to the Government a decree on registration fee collection rates for domestically-produced and assembled cars within this month.

Durian exports forecast to top 3 billion USD in 2024

Durian exports may surpass 3 billion USD this year, according to Dang Phuc Nguyen, General Secretary of the Vietnam Vegetable and Fruit Association (Vinafruit).

Enterprises reject state support for fear of risks: economist

Previously, it took 23-24 weeks to follow all administrative procedures for one investment project, but now it takes 3-4 times longer.

Ministry proposes SOEs pilot offshore wind power development

Vietnam aims to develop 6,000 MW of offshore wind power by 2030, and 70,000 - 91,500 MW by 2050.

Real estate firms aggressively restructuring bond debt

Real estate enterprises are facing significant debt maturities of nearly 59 trillion VND (2.3 billion USD) and a rapidly rising delinquency rate in the sector.

Vietjet, Airbus ink deal for 20 A330neo aircraft valued at 7.4 billion USD

Vietjet and Airbus on July 22 officially signed a contract for the purchase of 20 new-generation wide-body A330neo (A330-900) aircraft, totaling $7.4 billion by the manufacturer’s list price, at the Farnborough International Airshow 2024 in the UK.

HCM City plans to build three int’l passenger terminals to boost tourism

Ho Chi Minh City plans to construct three international passenger terminals in the Can Gio coastal urban area, Mui Den Do, and Ben Nghe port as part of its efforts to develop waterway transport and attract tourists.

Nguyen Quoc Cuong appointed CEO of Quoc Cuong Gia Lai, replacing his mother

Nguyen Quoc Cuong, popularly known as Cuong 'Dollar,' has been appointed as the new CEO of Quoc Cuong Gia Lai JSC, succeeding his mother, Nguyen Thi Nhu Loan, who was recently dismissed from the Board of Directors.