Business

South Korea has been ordered to pay hedge fund Elliott $53.6 million in damages over the controversial 2015 merger of two Samsung affiliates, Seoul's justice ministry said Tuesday.

Vietnam's economic growth continued to face challenges which were seen in a slowdown in industrial production and declining exports due to weak external demand and global uncertainties, the World Bank’s June edition on Vietnam Macro Monitoring showed.

The State Bank of Vietnam has delivered cuts to its policy rate three times in less than three months, each time of 50 basis points, to assist the country’s economic growth via the credit channel.

The State Bank of Vietnam is cutting down a series of key interest rates by 0.25%-0.5% from June 19, which is expected to make a double impact on the economy thanks to stronger credit activities and higher liquidity.

The EU's ban on deforestation-linked imports are causing concern among Vietnamese producers as the requirements to trace commodities back to their origin can push up costs and entail finding alternative suppliers.

The demand for coffee seedlings has been on the rise in the Central Highlands province of Dak Lak amid higher coffee prices.

Around one tonne of seedless lychees have been shipped to the UK and Japan.

The Airports Corporation of Vietnam and the People's Committee of central Thua Thien-Hue province held a ceremony on June 17 to inaugurate Terminal 2 of the Phu Bai International Airport.

The demand for industrial real estate has begun to pick up steam in recent months as foreign manufacturers are expanding their presence in Vietnam.

The GSM (Green - Smart - Mobility) Joint Stock Company – the first taxi service supplier using electric cars in Vietnam, officially provided its service in the central city of Da Nang on June 16.

The State Bank of Vietnam has decided to reduce regulatory interest rates from June 19, the fourth cut in a row since mid-March in efforts to aid economic recovery.

Many hotels and homestays in Ha Long City in the northern province of Quang Ninh are struggling with booking cancellations amid repeated power outages.

The 17,943-tonne container ship Ever Chaste from the Hai Phong port docked at the Republic of Korea’s Ulsan port on June 15, marking the opening of a new regular container shipping route between the two ports.

Bamboo Airways reported its biggest ever loss of VND17.60 trillion (USD741.39) last year as costs skyrocketed.

The International Exhibition for Construction, Building Materials, Housing and Interior Decor (Vietbuild) kicked off on June 14 in Ho Chi Minh City with the presence of Deputy Minister of Industry and Trade Do Thang Hai.

A series of construction enterprises will benefit from the Government implementing multiple strategic public investment infrastructure projects.

Vietnam Report Joint Stock Company officially announced its list of the top 10 prestigious technology companies in 2023 on June 12 in Hanoi.

As of June 27 instant noodles exported from the nation to the EU market will not be required to be accompanied by a food safety inspection certificate issued by a competent Vietnamese agency.

The State budget's revenues from export-import activities hit over VNĐ152.94 trillion in the first five months of this year, down 18 per cent year on year, the General Department of Vietnam Customs has reported.