Business

Exporters advised to meet origin regulations to optimise EVFTA advantages

Due to a lack of knowledge about origin regulations, many Vietnamese firms have yet to optimise advantages from the EU-Vietnam Free Trade Agreement, which has been effective for two years and generated great benefits for both sides, according to insiders.

Asian stocks start week positively

Asian stocks started on a positive note Monday, buoyed by gains on Wall Street last week although spiralling Covid-19 cases in China weighed on sentiment in thin holiday trade.

Vietnamese car imports continue rising

Vietnamese automobiles imports increased sharply this year, with 163,333 cars worth over USD3.62 billion brought into the country as of December 15, surpassing the record figure of nearly 160,000 cars imported in 2021.

Fintech firms step up cooperation with banks to boost lending

Both foreign and domestic fintech firms are promoting connections with commercial banks to lend unsecured loans to individuals, and small and micro enterprises as demand for consumer and business loans at the end of the year is rising.

Vietnam’s e-commerce revenue grows by 15% in 2022

Vietnam’s e-commerce revenue in 2022 maintained an increase of about 15% compared to last year, according to the Vietnam E-commerce Association.

Further work on North-South Expressway to start

Construction on 12 sub-projects of a mega project to build the eastern section of the North-South Expressway in the 2021-2025 period will be kicked off on January 1, 2023.

High demand expected for international flights during Tet

International flights during the upcoming Tet (Lunar New Year) holiday season should prosper, an official from the Ministry of Transport has said.

Vietnamese banks' ratings on a positive trajectory: Fitch Ratings

Stronger government support and operating environment have helped Vietnamese banks gain positive momentum, according to Fitch Ratings.

Hanoi kicks off 2022 shopping festival

The Hanoi Promotion Agency (HPA) opened the 2022 Hanoi shopping festival on December 22 night at the Vincom Plaza Long Bien shopping mall in Long Bien District.

Samsung needs to regard Vietnam as an important base

Prime Minister Pham Minh Chinh has suggested Samsung expand its investment activities, considering Vietnam an important base, and a global strategy for developing key products to the international market.

Vietnam, Indonesia aim to reach 15 billion USD in two-way trade before 2028

Vietnam and Indonesia have agreed to lift two-way trade to 15 billion USD or above before 2028, President Nguyen Xuan Phuc and his Indonesian counterpart Joko Widodo told the press following their talks in Jakarta on December 22.

Vietnam targets 8 million international visitors next year

The Vietnam National Administration of Tourism has set a target of welcoming 110 million tourists including 8 million international visitors, earning revenues of VND650 trillion (USD27.08 billion) in 2023.

Bac Giang plans to build 13 golf courses

The northern province of Bac Giang has planned to build 13 golf courses by 2030 and a vision until 2050, said Duong Van Thai, the provincial party secretary.

Durian exports to China surge

Vietnam bagged a record-high of around USD50 million from durian exports to China in October this year, up 4,120 percent on-year, according to the Ministry of Agriculture and Rural Development.

Number of passengers on domestic flights recovers

It is expected that the total Vietnamese aviation market will reach 55 million passengers by the end of this year, an increase of 3.7 times compared to the previous year, recovering by nearly 70 per cent compared to 2019,

First batch of Vinfast's VF 8 electric cars arrives in US

The first batch of VF 8 electric vehicles manufactured by VinFast, the first Vietnamese electric vehicle producer, arrived in the US on December 20 as the vessel Silver Queen docked at the Port of Benicia in California.

Consumer product sales to increase by 7-9 per cent during Tết: market research company

Following two years of low sales during Tết (the Lunar New Year), things are expected to look up for the fast moving consumer goods industry this time around since the Vietnamese economy has recovered.

Vietnamese logistics firms to face challenges due to global certainties

Local export and logistics businesses are anticipated to enduring difficulties moving forward due to factors such as high inflation and the risk of a global economic recession, according to insiders.

Vietnam racks up 11-month USD 1.87 billion fruit and veg import bill

Vietnam spent USD1.87 billion on importing fruit and vegetables in the first 11 months of this year, up nearly 39 percent from the same period last year, according to statistics from the General Department of Vietnam Customs.

Low disbursement of public investment sourced from foreign borrowing

The disbursed public investment sourced from foreign borrowing was estimated at more than VNĐ9 trillion in the first 11 months of the year, equivalent to only 26 per cent of the plan, an official from the Ministry of Finance said.

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