Business

Over 15.29 billion USD was channelled into 2,608 new foreign direct investment projects as of October 20, respectively up 54% and 66.1% year on year, statistics showed.

Vietnam has witnessed a sharp rise in pomelo exports after successful sales in the US and New Zealand.

Many banks posted less promising business results in the third quarter of 2023, with profit before tax continuing to be affected by the deceleration of credit growth. The net interest margin narrowed, while non-performing loans were increasing.

Vietnam Report JSC and online newspaper Vietnamnet have announced a list of the 500 most profitable companies and top 10 prestigious firms in food-beverage-retail-packaging in 2023.

Asian stocks sank Thursday, tracking a retreat on Wall Street fuelled by a surge in US Treasuries and worries over a possible escalation of the Middle East crisis, which also helped oil hold the previous day's rally.

The Ministry of Industry and Trade has asked Electricity of Vietnam to import electricity from Laos to ensure sufficient power for next year.

Standard Chartered Bank maintained robust 2024 GDP growth forecast of 6.7% for Vietnam in its latest macro-economic updates about the Southeast Asian nation.

The Asian Development Bank and the State Bank of Viet Nam today held a kick-off ceremony marking the implementation of the $5 million technical assistance , funded by the Government of Switzerland, to nurture financial technologies.

Slower recovery in international markets and lower demand in domestic air travel have been hindering the recovery of Vietnam's airline industry, said industry insiders and policymakers.

Most markets rose Wednesday after China unveiled plans for $137 billion in extra debt to boost infrastructure spending, while oil extended losses on hopes Israel will scale back its plans for a Gaza ground invasion.

More than 200 Vietnamese and foreign businesses are expected to participate in the 21st Vietnam International Textile and Garment Industry Exhibition 2023 in HCM City from October 25 to 28.

The Government has proposed the National Assembly to allow it to continue the 2% interest rate support policy for enterprises, cooperatives, and business households.

Ho Chi Minh City made US$6.687 billion in overseas remittances during the first nine months of the year, an annual rise of 40% and 1.3% more than all of 2022, according to the local branch of the State Bank

The first direct air route linking Manila in the Philippines and Danang has been scheduled to be launched in December this year.

Retail petrol prices increased slightly on Monday afternoon following adjustments by the ministries of Industry and Trade, and Finance.

Asian markets extended last week's sell-off Monday on fears of a regional conflict in the Middle East and worries that US interest rates will remain elevated for longer than initially thought.

VinFast Auto, the leading electric vehicle maker of Vietnam that has listed its share on Nasdaq, has reached a US$1 billion share sale deal with Yorkville Advisors Global, in an effort to raise funds for its global operation expansion.

Foreign investors' net selling was VNĐ4.6 trillion in September, the sixth consecutive month of net selling by foreign investors on the Vietnamese stock market, according to the State Securities Commission.

Industrial land rents are expected to increase by up to 10 per cent in the next two years in both the north and south thanks to growing demand from various industries, experts have said.