Business

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

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.

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.

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 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.

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.

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.

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

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.

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

The Vietnamese trade offices in many foreign markets have continuously warned Vietnamese businesses to be careful to avoid international trade fraud.

HCM City received nearly US$5.2 billion in remittances in the first half of the year, up 20 per cent year-on-year, according to the State Bank of Vietnam (SBV), HCM City branch.

Asian markets fell Monday as Joe Biden's decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared to be unmoved by China's decision to cut interest rates in a bid to boost the country's

The recent vigorous growth of startups in Vietnam has attracted domestic and foreign investors, but insiders recommended more efforts be made to facilitate startups’ access to funding from investors so that they can live up to potential.