Business

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.

Chinese display maker BOE Technology Group Co Ltd, a supplier of both Apple Inc and Samsung Electronics Co Ltd, have initiated plans to inject up to US$400 million to build two factories in Vietnam, according to information provided by

The banking industry will continue to face difficulties in 2023 in the context of the real estate market downtrend and the less positive import and export outlook, analysts forecast.

The demand for house cleaners has been on a sharp rise in Hanoi as the Tet Lunar New Year Holiday nears, driving charges up.

Vietnam enjoyed a trade surplus of USD 12.40 billion in 2022, triple that of the previous year, according to a report released on January 10 by the General Department of Vietnam Customs.

Vietnam should maintain high quality of its farm produce, especially longan, to clinch its position in the Japanese market, according to Vietnamese Trade Councillor in Japan Ta Duc Minh.

Asian markets were mixed Tuesday as growing optimism over China's economic reopening was offset by warnings that US interest rates will continue to rise and stay elevated for some time.

Standard Chartered Bank forecasts Vietnam’s economic growth at 7.2 per cent in 2023 and 6.7 per cent in 2024, following a solid recovery to 8.0 per cent in 2022.

Ho Chi Minh City received approximately US$6.8 billion in remittances last year, marking only a slight decrease compared to 2021 and accounting for 48% of foreign currency deposits at its credit institutions.

Asian markets resumed their strong start to the year Monday, tracking a surge on Wall Street fuelled by hopes that US data will allow the Federal Reserve to slow its pace of interest rate hikes.

Deputy Prime Minister Le Minh Khai has just signed Resolution No.163/NQ-CP on promoting the synchronous implementation of key tasks and solutions to enhance competitiveness and boost the logistics industry in the country.

In defiance of domestic industrial production decreasing, the business community is showing their increasing confidence with the support by the government’s new moves.