Business

ADB, VPB sign USD500 million loan package to support women-owned SMES

The Asian Development Bank and Vietnam Prosperity Joint Stock Commercial Bank signed a loan package of up to $500 million to expand access to finance for women-owned small and medium-sized enterprises and social loan projects in Viet Nam.

Vietnam ranks 76/193 countries in online service index

Vietnam ranks 76 over 193 countries in terms of the online services index in the United Nations’ assessment, up five places compared to 2020.

Vietnam Stock Exchange applies for WFE membership

The Vietnam Stock Exchange (VNX) has applied for membership of the World Federation of Exchanges (WFE) in replacement of the Ho Chi Minh Stock Exchange (HOSE).

Vietnamese coffee exports set a new record

Despite inflation and difficulties in trade, Vietnam's coffee exports recorded strong growth, according to experts, who expect a record US$4 billion in export value this year.

Danang hotels for sale in bleak post-Covid market

Many loss-making coastal hotels in the central city of Danang have been put up for sale.

100 best working places in Vietnam in 2022 unveiled

Abbott Laboratories GmbH, Nestlé Vietnam, Vietcombank, and Viettel Group top the list of Vietnam’s 100 best places to work in 2022, according to a survey conducted by Anphabe Company and released in Ho Chi Minh City on November 9.

Vietnam’s major air traffic markets predicted to rebound in 2023: VNDIRECT

The international aviation sector is predicted to grow strongly in 2023, motivated by the recovery in the number of international tourists, according to analysts.

Vietnamese exports enjoy advantages in UK market

The nation boasts plenty of advantages in the UK market, with Vietnamese exporters striving to capitalize on these advantages, according to Nguyen Canh Cuong, Trade Counselor of the Vietnam Trade Office in the UK.

Property market faces liquidity and other severe problems: HoREA

The property market is “struggling and risks falling into a slump,” Lê Hoàng Châu, chairman of the HCM City Real Estate Association, has warned.

Street petrol vendors rampant in Hanoi

It is common to see makeshift petrol stalls on Hanoi pavements as petrol stations have temporarily shut or restricted sales, citing tight supplies and loss-making operations.

Vietnamese gold demand sharply increases in third quarter

Vietnamese gold demand reached an estimated 12 tonnes in the third quarter of this year, representing a year-on-year rise of 264 percent.

Aquatic exports likely to hit record of over 10 bln USD in 2022

Aquatic exports are forecast to have hit a record of 10 billion USD in this November thanks to businesses’ flexible adaptation to changes in the global market, according to the Vietnam Association of Seafood Exporters and Producers.

Binh Dinh seeking to upgrade Phu Cat Airport

Authorities of the southern central province of Binh Dinh are seeking the Ministry of Transport’s approval to expand and upgrade Phu Cat Airport into an international airport.

Seven Vietnamese billionaires named on Forbes rich list

Globally-renowned business magazine Forbes recently released its November list detailing a list of the world’s billionaires, including seven Vietnamese billionaires.

Keeping monetary stability – core task in face of FED interest rate hikes

Amid the FED’s continuous increases of interest rates to cope with inflation, the most important task for Vietnam now is to keep macro-economic stability, with monetary stability being the core, some economic experts have said.

Maison RMI sets a USD400 million goal in next 5 years

Maison RMI, one of the leading fashion retailers in Vietnam, has set the goal of expanding its store system from 120 stores at the present, to 400 in the next five years, with revenue increasing from USD110 million to

Pessimistic outlook for maritime transport firms amid weak demand

Container shipping firms are coming under great pressure from weak demand as maritime trade has begun to lose steam in recent months.

Shares to face downward trend on increased sell-off

Market analysts forecast that selling pressure will still increase during the decline of the market this week. Investor sentiment will remain easily exposed under the movements of interest rates, exchange rates and the bond market.

Rubber export to face difficulties toward year-end

Difficulties for Vietnam's rubber export remain in the fourth quarter as the US dollar has entered a bullish cycle as a haven against inflation, said the Ministry of Industry and Trade’s Department of Import-Export Management.