Business

Despite the hard work of small and medium-sized domestic packaging companies to stay in tune with market demands and apply the latest production technologies, they continue to face a host of challenges.

The Regional Comprehensive Economic Partnership (RCEP), which came into effect a year ago, has brought about great business chances for enterprises in the region, according to experts.

An international aviation expo (Aero Expo Hanoi) & Vietnam Aviation Forum 2023 is scheduled to take place in Hanoi on March 21, said the Hanoi Department of Industry and Trade at a press conference on January 16.

Hotel room rates in HCM City have increased since the fourth quarter of last year to an average of VND 1.80 million (USD 77) per room per night, a rise of nine percent compared to the third quarter and

Vietnam’s aviation industry is forecast to have a busy year ahead as China reopens its borders which had been shut down since the start of the COVID-19 pandemic.

Bank profits are forecast to be the bright spot in the fourth quarter 2022 financial report season, which takes place after the Lunar New Year. This will help bank stocks flourish.

The relatively low devaluation of the VND against the USD in comparison with that of other currencies in the region shows that the Vietnamese stock market remains an attractive destination for investment flows.

Vietnam exported nearly 7.2 million tonnes of rice worth 3.49 billion USD last year, including many shipments navigating demanding markets such as Japan and the European Union (EU).

Nikkei Asia, a news service in Japan, ran an article on January 6 saying that Vietnam's offshore wind power sparks an influx of foreign investment.

Many shippers are earning big thanks to the surge in deliveries in Hanoi before the Tet Lunar New Year.

Carrefour Group and the Vietnamese Embassy in France launched Vietnamese booths at all supermarkets run by the French retailer on January 13 as part of the traditional Vietnamese New Year, known locally as Tet.

The online transaction services of many Vietnamese banks are faltering due to the surge in demand as the Tet Lunar New Year Holiday nears.

Over 600 staff at a Japanese-run firm in Ho Chi Minh City have gone on strike due to the company's low Tet Lunar New Year bonus and a new meagre salary proposal.

Many people have stayed overnight in tents set up on Hanoi’s streets to guard their kumquat and peach blossom trees.

The Central Institute for Economic Management (CIEM) under the Ministry of Planning and Investment has sketched out two scenarios for the Vietnamese economy in 2023.

Vietnam and Laos will work closely to introduce solutions aimed at increasing two-way trade by 10 - 15% this year compared to 2022’s figure.

Vietnam posted an all-time high import of automobiles with 173,467 units valued at US$3.84 billion last year, surpassing the previous record of about 160,000 units in 2021, reported the General Department of Vietnam Customs.

Asian markets rose Thursday as traders grew confident ahead of data later in the day that is expected to show another softening of US inflation, giving the Federal Reserve room to slow its pace of interest rate hikes.

Airlines in Vietnam have reported a low number of passengers since resuming flights to China from January 8.