Business

Vietnam likely be among Asia’s fastest growing economies next year: WSJ

Vietnam will likely be among Asia’s fastest growing economies next year, despite a weaker currency and falling foreign reserves, according to a recent article published on the Wall Street Journal.

First luxury aircraft exhibition to be held in Vietnam

The first ever luxury aircraft exhibition (Airshow 2022) is scheduled to be held at Van Don International Airport in the northern province of Quang Ninh on November 5 – 6.

Thousands of suspected counterfeit products seized in HCM City shopping mall

Market management in HCM City have seized thousands of suspected counterfeit products consisting primarily of bags, glasses, clothes, shoes, and accessories at the Saigon Square Shopping Centre.

Most Asian markets rise, dollar holds gains ahead of US jobs data

Most Asian investors tentatively stepped back into the markets Friday after the previous day's Federal Reserve-induced sell-off, while the dollar held gains as focus turned to the release of key US jobs data.

M&A Vietnam Forum 2022 slated for late November

The annual merge and acquisition forum (M&A Vietnam Forum) in 2022 will be held in Ho Chi Minh City on November 23, according to the organising board.

Dong Nai firms plan longer Tet holiday due to fall in orders

Many companies in the southern province of Dong Nai have planned to offer a longer holiday for their workers during the coming Tet Lunar New Year because of a fall in orders.

LEGO begins construction on US$1 billion factory in Binh Duong

LEGO Group of Denmark officially commenced construction of a children's toy factory in the southern Binh Duong province, with the site receiving investment of more than US$1 billion.

M&A in technology sector on the rise

Mergers and acquisitions in the technology sector have been witnessing a rebound in recent years as tech giants have employed M&A to expand their ecosystems.

Asia joins Wall St plunge as Powell wrecks Fed pivot hopes

Asian markets sank Thursday after the Federal Reserve hiked interest rates and boss Jerome Powell suggested they would go higher than expected, blowing a hole in hopes for a more dovish pivot in its fight against inflation.

Newly established firms up in 10 months

Vietnam saw over 13,000 new enterprises formed with a total registered capital of VNĐ106.9 trillion in October, up 13.6 per cent in number of firms but down 21.4 per cent in capital over the previous month.

Aquatic exports post 34-percent-growth in 10 months

Vietnam raked in 9.5 billion USD from exporting aquatic products in the first 10 months of 2022, up 34% year-on-year, the Vietnam Association of Seafood Exporters and Producers reported.

HCM City firm lays off 1,200 workers as orders fall

Nearly 1,200 workers of the Taiwanese company, Ty Hung, in HCM City have been laid off since November 1 due to the company's shrinking business.

Enterprises look to accelerate as end of year approaches

With just two months left until the end of 2022, enterprises have tried to find new suppliers and diversify sources of goods to develop and serve the customers after a tough year.

Asian markets swing as US data tempers Fed hopes

Asian stocks were mixed Wednesday following losses on Wall Street as forecast-beating US data jolted hopes the Federal Reserve could soon tone down its hawkish pace of interest rate hikes.

VinFast recalls 730 VF e34 cars to replace sensors

The Ministry of Industry and Trade’s Vietnam Competition and Consumer Authority has announced the recall of 730 VF e34 electric cars of Vinfast, which are available only in the domestic market, to check and replace their side crash sensors.

Petroleum prices continue rising

Prices of petroleum products increased from 3 pm today, November 1, marking the third consecutive rise since mid-October.

Warehouses in high demand towards year end

The demand for warehousing space is increasing dramatically as consumers' purchasing power is hiking up as the year comes to a close.

Central Highlands farmers rush to grow durians

People in the Central Highlands region have reduced the area devoted to coffee and pepper cultivation and turned instead to durians after the fruit was licensed for export to China.