Business

Less positive business results in the nine months of 2023 have caused many businesses to lower their whole year’s target, with some even expecting losses.

Vietnam's economy is resilient in the face of the "vortex" of geopolitical instability in the world, but it still needs to maintain growth momentum to keep up with the global economy, according to experts.

The 23rd Vietnam - China international trade fair is being held in the northern mountainous province of Lao Cai from November 10-15.

Vietnam saw a sharp rise in catfish output but lower export value in the first ten months of this year, according to the Vietnam Pangasius Association.

The General Administration of Customs of China has officially allowed a Vietnamese enterprise to export bird’s nests to the country, the Ministry of Agriculture and Rural Development has announced.

Japan's government said on Friday that it plans to spend 2 trillion yen ($13 billion) to boost domestic production of strategically important semiconductors and generative AI technology.

Vietnam's economic growth is forecast to accelerate to 6.3% ahead in 2024 before reaching 7.0% in 2025, according to the latest projection made by global credit ratings agency Fitch Ratings.

Costs for credit risk provisions of many commercial banks have continued to increase sharply, which was one of the causes for bank profit decline in the third quarter of 2023.

Asian stocks sank Friday and the dollar held gains after Federal Reserve boss Jerome Powell warned he "will not hesitate" to hike interest rates further in his quest to bring inflation to heel.

Up to 500 brands, 3,000 businesses, e-marketplaces, and sale supporting platforms will take part in the Vietnam Online Shopping Day - Online Friday 2023 in early December.

Most Asian stocks crept back up Thursday after another positive day on Wall Street, with focus on upcoming speeches by Federal Reserve officials, while oil edged back after a second successive plunge fuelled by demand doubts.

Vietnam exported 57,723 tonnes of pepper worth US$750.8 million to China during the ten-month period, accounting for 25.8% of the overall market share, according to the Vietnam Pepper Association.

Ho Chi Minh City is carrying out a survey of more than 15,000 firms, cooperatives, and business households as part of its 2023 Department and District Competitiveness Index.

Vietnam will remain the region’s fastest growing digital economy between 2023-2025, according to the 8th edition of the e-Conomy SEA Report published by Google, Temasek and Bain & Company.

Asian markets fluctuated Wednesday as investors tried to figure out the Federal Reserve's interest rate plans, while demand concerns saw oil prices struggling to recover from the previous day's plunge.

Vietnam has capitalised on the free trade agreements it has signed to bolster exports amidst weakening demand, high input costs, and inflation pressure across the globe, Minister of Industry and Trade Nguyen Hong Dien said.

With a young population, a strong ability for digital transformation among consumers, and increasing digital consumption, Vietnam is anticipated to achieve digital economic growth of US$45 billion by 2025.

Asian markets turned negative Tuesday after their latest rally as high hopes the US Federal Reserve has finished hiking rates gave way to profit-taking.

Electricity prices must be market-based to encourage power savings and new investments in the energy sector, experts have said.