Business

A cumbersome visa process is holding back projects funded by foreign direct investment, according to insiders.

Changes in the global geopolitical landscape coupled with economic inflation has made seafood trade increasingly challenging, including shrimp products, although experts believe that Vietnamese shrimp still has many opportunities ahead for growth amid this turbulent cycle.

The branded residence market is gaining a stronger foothold in the Vietnamese market with potential to further develop, shaping the lifestyle of the country’s elite, according to experts.

The national flag carrier Vietnam Airlines has been ranked 48th in the World's Top 100 Airlines in 2022 announced at the World Airline Awards by Skytrax.

Vietnam’s economic growth has been accelerating in 2022, with experts considering high-tech foreign investments as a driver.

Besides interest and exchange rates, non-performing loans are also a concern for banking activities in the remaining months of 2022, experts have warned.

Permanent Deputy Prime Minister Pham Binh Minh on September 22 met representatives from the US Chamber of Commerce in New York.

The State Bank of Vietnam has decided to raise operating interest rates by approximately 1% as of September 23 in an effort to keep inflation in check and maintain the macroecnomic stability.

Many Japanese enterprises have plans to expand their investment activities in Vietnam, according to Nakajima Takeo, chief representative from the Japan External Trade Organization.

Asian markets extended a painful Wall Street sell-off Thursday after the Federal Reserve unveiled a third straight jumbo interest rate hike, said more were in the pipeline, and warned the battle against inflation was straining the US economy.

Four-fifths of developing Asian economies place toward the bottom in a global ranking of digital environments and support systems for entrepreneurs, according to a new index developed by the Asian Development Bank.

The Vietnam Business Integrity Index (VBII), the first of its kind in the country to assess enterprises in this regard, was launched on September 21.

The Asian Development Bank has maintained its favourable economic outlook for Vietnam as it forecasts gross domestic product to expand 6.5 percent in 2022 and 6.7 percent in 2023.

China's "inflexible" and "inconsistent" zero-Covid policy is crippling European business operations in the country, a major business lobby said Wednesday, warning that the presence of the companies "can no longer be taken for granted".

Many companies in HCM City and other southern localities are facing a drop in new export orders due to the impact of high inflation globally.

Asian markets enjoyed a much-needed bounce Tuesday, tracking Wall Street's late rally as investors gird themselves for another big Federal Reserve interest rate hike this week, though fears of a recession remain elevated.

High-tech foreign investments will continue to propel Vietnam’s economic growth for years to come, Michael Kokalari, chief economist at investment fund VinaCapital, has said.

Amid global concern over inflation and rising interest rates, Vietnam has emerged as a rare economic bright spot, according to a story published by Thailand-based Bangkok Post.

Markets fell Monday as traders extended last week's rout across risk assets, with expectations high that the Federal Reserve will this week announce another outsized interest rate hike.