Business

After nearly four years of formulation and revision, the National Power Development Plan VIII targeting energy conversion, renewable energy ecosystem development, and electricity imports and exports has been approved by the Government.

Investment in sectors related to green growth has been on the rise, but it is necessary to devise practical incentives to help businesses effectively adopt green production and business practices, an official has said.

Thailand's economy grew 2.7 percent in the first quarter thanks to a steady tourism recovery and strong consumer confidence that offset sluggish exports, officials said Monday.

Many banks plan to increase their charter capital in 2023 in order to ensure operational safety and have more resources for business development.

Vietnam requires a proper and attractive investment policy and a friendly business climate in order to attract new foreign direct investment (FDI), especially high-quality FDI flows, heard a seminar held on May 15 in Hanoi.

The Government of Canada (GoC) is determined to promote Canadian food products on digital platforms, with the goal of introducing a wide range of high-quality products and enhancing awareness of Canadian food among Vietnamese consumers.

The Mekong Delta region, located on the maritime route in the centre of the ASEAN region, has great potential to draw strong investment waves from other countries, especially neighbouring nations.

The Government has issued a decree regulating the base salary for civil servants, public employees, and members of the armed forces, stipulating that it will increase from 1.49 million VND to 1.8 million VND per month from July 1, 2023.

Asian markets mostly fell Monday as investors kept a wary eye on the talks to raise the US debt limit to avert a "catastrophic" default.

Amid fluctuations in the global financial market, the exchange rate in Vietnam has remained stable in the first four months of this year, and the Vietnamese đồng is considered one of the most stable currencies in Asia, according to experts.

More than 201 Chinese traders have registered to enter Vietnam to purchase lychee in the northern province of Bac Giang between mid-May and July, Trade and Industry Promotion Center of the province has announced.

As one of the few sectors reporting export turnover increase in the first quarter of 2023, Vietnam's vegetable and fruit sector has a bright outlook to earn USD4 billion in export revenue this year.

Many households in the Central Highlands province of Gia Lai have cut down cashew trees because of falling prices.

Members of the Vietnam Automobile Manufacturers’ Association sold 22,409 automobiles of all kinds in April, a month-on-month drop of 25%.

Taiwanese shoemaker Pou Yuen Vietnam Co. Ltd., the largest employer in HCM City, has announced plans to lay off nearly 6,000 more workers as they have continued to face declining orders.

A high interest rate environment is a great risk to the competitiveness of Vietnamese enterprises, according to economists.

Apple is scheduled to officially open an online store, the first of its kind in Vietnam, on May 18, Apple Vietnam has said in its statement.

Asian markets fluctuated Friday as traders weighed a range of issues including US debt ceiling hopes, high-level talks between Washington and Beijing, banking sector uncertainty and more signs of a slowing economy.

The engagement of the private sector in green growth and sustainable development is crucial for Vietnam to complete its target of raising the green economy scale to 300 billion USD in the total national GDP value in 2050.