Business

The Halico Hanoi Liquor JSC, the producer of Hanoi Vodka, has reported losses of over VND2.28 billion in the third quarter of this year, marking the 26th consecutive quarter of losses and a near-40 percent increase in losses on-year.

The real estate sector is finally emerging from its slumber as the economic recovery in the third quarter of the year has triggered a resurgence of demand for realty properties.

Vegetable prices in Danang City and Quang Nam Province in the central region of Vietnam have considerably risen because of torrential rains.

Prime Minister Pham Minh Chinh reassured Viet Nam’s commitment to protect the legitimate rights and interests of foreign investors under any circumstances during his meeting with leaders of 180 FDI enterprises in Ha Noi on Monday.

Vietnam posted USD496.30 billion in import-export revenues in the first nine months of 2023, a fall of 11.20 percent compared to the same period last year, according to a report from the General Department of Vietnam Customs.

Vietnam’s economy has made good recovery since the beginning of this year; however, inflation risks could weight on the country’s growth outlook, according to experts.

Prime Minister Pham Minh Chinh on October 16 chaired a conference with foreign businesses operating in Vietnam to address their concerns and encourage them to grasp opportunities in doing business in the country.

With Vietnamese Women’s Day (October 20) approaching, stores in HCM City are stocking up on a wide range of products and offering promotions on them.

The Vietnamese Embassy in the Czech Republic has recently organised a programme to foster connectivity between Vietnamese and Czech businesses, and introduce Vietnamese products to local residents.

Vietnam and Thailand will be the two main rice suppliers for Indonesia's upcoming purchase of 1.5 million tonnes of rice.

Vietnam is working hard to have its stock market upgraded from frontier status to an emerging market by 2025.

The three best performing businesses in the Vietnam Environmental, Social, and Governance Initiative 2023 were unveiled at a forum held in Hanoi on October 13.

Many Vietnamese travel companies are facing a risk of losing billions of VND as they have had to halt tours to Israel.

The Ministry of Industry and Trade has provided early warnings for 18 export products originating from Vietnam which are facing a high risk of being investigated for trade defence measures, origin fraud and illegal transshipment.

Vietnam’s consumer price index is projected to grow between 3.2% and 3.6% this year, the Ministry of Finance said at a meeting of the Steering Committee on Price Management in Hanoi on October 11.

Petrol retail prices continued to fall sharply from October 11 following an adjustment by the Ministry of Industry and Trade, and the Ministry of Finance.

Firms can borrow from the Small- and Medium-sized Enterprise Development Fund with a short-term interest rate of 1.2 per cent per year and a long-term interest rate of 4.4 per cent per year.

The industrial real estate market in the south was vibrant and thriving in the third quarter, with many ready-built factories and warehouses entering the market, according to real estate research companies.

The recent decline in Vietnam’s automobile consumption and its drop to the fifth place in Southeast Asia can be attributed to both external and internal factors, car experts said.