Business

Foreign entities and individuals can now own up to 30% of the residential apartments in a building, including mixed-use developments, under a new decree effective on August 1.

Tokyo led a collapse across Asian equities Monday, while the yen hit a six-month high after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

The billion-USD Halal market, fueled by a surging global Muslim population, is considered one of the drivers for Vietnam's exports in the future.

China has issued a set of directives aimed at boosting household consumption, a weakness weighing on growth in the world's second-largest economy, with the plan targeting sectors including child and elder care, and food and beverage.

Many Vietnam’s agricultural products have been placed under stricter food hygiene and safety controls by the European Union since the beginning of this year, an official has said.

Vietnamese businesses exported 5.18 million tonnes of rice during the first seven months of the year, earning US$3.27 billion, according to the Ministry of Agriculture and Rural Development.

Vietnam's wood industry has showed signs of recovery in the first months of 2024, and this positive trend continues, bolstered by an increase in orders from traditional markets and progress towards achieving export targets set for the year.

Vietnam requests the US to continue implementing its commitment to broad, strong and constructive coordination and to soon recognise the market economy status of Vietnam, Spokeswoman of the Ministry of Foreign Affairs Phạm Thu Hằng has said.

The index of industrial production in July rose 0.7% over the previous month and 11.2% year on year, pushing the increase in the first seven months to 8.5% compared to the same time last year.

The Plant Protection Department under the Ministry of Agriculture and Rural Development announced on Thursday that they've got a licence for exporting pomelo to South Korea.

More than 6,800 enterprises resumed operations in July, up 26.2% over the previous month but down 0.7% from the same period last year, according to the Agency for Business Registration under the Ministry of Planning and Investment.

National flag carrier Vietnam Airlines and the Hong Kong International Airport will work together to develop new air routes under a Memorandum of Understanding (MoU) that the former presented to its Hong Kong partner on August 1.

An expressway connecting Can Tho City and Kien Giang Province in the Mekong Delta region has badly deteriorated after just three years of operation.

Hundreds of billions of dollars in cryptocurrencies are estimated to have flowed into Vietnam over the past year; however, the lack of a legal framework monitoring this capital flow might lead to tax losses and risks such as money laundering.

Petrol prices were adjusted down from 3 p.m. on August 1 by the Ministry of Industry and Trade, and the Ministry of Finance, the fourth time in a row.

Cambodia has become one of the ten most significant markets for Vietnamese durian. In the first half of this year, Cambodia spent USD 1.6 million buying the fruit, up 23-fold from last year.

Most equity markets rose Thursday after the Federal Reserve flagged a possible interest rate cut next month, but Tokyo's Nikkei tumbled on a stronger yen following a hike by the Bank of Japan.

The General Administration of Customs of China has approved Vietnam’s sample quarantine certificate of live monkeys, paving the way for the export of the animal from Vietnam to China for scientific research.

Prime Minister Pham Minh Chinh has called on businesses of Vietnam and India to expand cooperation, striving to soon raise two-way trade turnover between the two countries to US$20 billion in the coming time from nearly US$15 billion recorded