Business

Plenty of room for Vietnam, India to boost trade cooperation: Experts

Since Vietnam and India established a comprehensive strategic partnership in 2016, two-way trade has increased 2.5fold to nearly 15 billion USD in 2023, while there remain great potential for investment and trade cooperation between the two countries.

Yen rises ahead of Bank of Japan decision as rate hike talk swirls

The yen extended its rally against the dollar Wednesday ahead of a much-anticipated Bank of Japan announcement, with debate centred on whether it will hike interest rates, while equities mostly rose on growing hopes for a cut in US

Vietnamese durian farmers face losses over falling prices

Farmers in the Central Highlands province of Kon Tum have worried over the falling prices of durians over the past few weeks.

Seven-month retail sales of consumer goods, services up 8.7%

Vietnam’s total retail sales of consumer goods and services saw a year-on-year increase of 8.7% to 3.6 trillion VND (143.3 million USD) during January – July, the General Statistics Office said.

Vietnamese stock market sees remarkable 24-year transformation

The Vietnamese stock market has evolved significantly from its earlier rudimentary state.

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.

Inflationary pressure builds up as seven-month CPI rises 4.12%

Vietnam’s consumer price index soared 4.12% in the first seven months of the year, which is bringing to bear pressure on national inflation.

Vietnam lures over 18 billion USD in foreign capital in seven months

Total registered foreign capital in Vietnam during January – July amounted to more than 18 billion USD in Vietnam, a year-on-year increase of 10.9%, according to the Ministry of Planning and Investment’s Foreign Trade Agency.

Foreign investors’ confidence in Vietnam remains strong

Vietnam has seen a robust increase in the inflow of the foreign investment despite global geopolitical uncertainty, affirming foreign firms’ sentiments in the Southeast Asian market, according to insiders.

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.

US postpones decision on Vietnam's market economy status

The US Commerce Department has delayed a decision on whether to upgrade Vietnam to market economy status by about a week, due to the IT disruptions from the CrowdStrike software problems.

FDI inflows into Vietnam surge over seven-month period

Vietnam attracted more than US$18 billion in foreign direct investment during the past seven months of the year, according to details given by the Foreign Investment Agency.

Ride-hailing firm Grab drops Singapore taxi company purchase

Southeast Asia's biggest ride-hailing and food delivery firm Grab has called off plans to acquire a Singapore taxi company, the city-state's competition watchdog said Thursday.

Vietnamese spend nearly 150 trillion VND on online shopping

Vietnamese consumers spent 143.9 trillion VND buying 1.53 million items on five e-commerce platforms in the first half of this year, according market analysis firm Metric.

Petrol prices plunge for third consecutive time to below VND23,000/litre

Petrol prices were adjusted down to below VND23,000 per litre from 3 p.m. on July 25 by the Ministry of Industry and Trade, and the Ministry of Finance.

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.

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).

Vietjet purchases 20 Airbus aircraft for USD7.4 billion

Vietnamese low-cost carrier Vietjet has just signed a contract with Airbus on the purchase of 20 new-generation wide-body A330neo (A330-900) aircraft, costing USD7.4 billion.

Markets mixed after US rally ahead of inflation report

Stock markets were mixed Tuesday as investors struggled to extend a surge on Wall Street, where the tech sector bounced back after last week's losses, while attention turned to the upcoming release of key US inflation data.

Real estate firms aggressively restructuring bond debt

Real estate enterprises are facing significant debt maturities of nearly VNĐ59 trillion (US$2.3 billion) and a rapidly rising delinquency rate in the sector.

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