Business

As several foreign investors are eyeing Vietnam for opportunities, the country must make greater efforts to improve the investment climate.

Six projects worth over 7.4 trillion VND (310.46 million USD) are expected to begin this year serving railway infrastructure upgrade.

After recording a difficult year with heavy losses in 2022, earlier this year a series of investment funds reported strong growth in profits.

Pou Yuen Vietnam Co. Ltd., in HCM City has announced plans to lay off some 3,000 workers due to falling number of orders, according to the municipal Department of Labour, Invalids, and Social Affairs.

Asian markets were mixed Monday with traders on edge as they considered the prospect of more US interest rate hikes aimed at bringing down stubbornly high inflation.

The agricultural sector targets attracting 25 billion USD in foreign direct investment by 2030, along with 5 billion USD in loans and 1 billion USD in grants.

Vietnam-Canada Business Association in Vancouver held a workshop on February 18 to give Canadian businesses insights into the Vietnamese market.

The State Bank of Vietnam’s HCM City branch will continue to prioritise credit for production and business, especially in priority sectors, to boost economic recovery.

The European Chamber of Commerce Vietnam (EuroCham) hosted a business-to-government dialogue forum on February 16 in Hanoi and launched its 2023 Whitebook themed “Working Toward a Green Economy and Sustainable Development”.

Asian markets pushed higher Thursday, extending gains in New York and Europe, as a forecast-busting US retail sales report showed American consumers remained confident despite elevated inflation and the prospect of more interest rate hikes.

Farmers in the Mekong Delta province of Vinh Long have stockpiled an inventory of around 80,000 tonnes of King Oranges.

Chairman of the National Assembly Vương Đình Huệ had a working session with a delegation of the EU-ASEAN Business Council (EU-ABC) and the European Chamber of Commerce in Vietnam (EuroCham), with representatives from nearly 50 businesses and groups, in

About 60 per cent of Japanese firms planned to expand their operations in Vietnam in the next 1-2 years, the highest rate in Southeast Asia.

Vietnamese automaker VinFast, a subsidiary of Vietnamese conglomerate Vingroup, confirmed on February 14 it will join the 2023 Canadian International Auto Show (CIAS 2023 due to place from February 17 to February 26 in Toronto.

The demand for industrial land for rent in Vietnam will remain high this year thanks to policies promoting investment in the country, experts said.

Vietnam needs to develop a state investment fund to attract foreign indirect investment as an additional source of capital for economic development, said Chairman of the State Capital Investment Corporation Nguyễn Chí Thành as quoted by Đầu tư (Investment) newspaper.

The People's Committee of Quang Tri province unveiled on February 13 that the first batch of 15 tonnes of organic rice had been officially exported to the EU.

Garlic growers in Ly Son Island in the central province of Quang Ngai are facing great losses due to the unfavourable weather.

Vietnam Airlines has officially resumed the Hanoi – Kuala Lumpur route with four flights a week on Monday, Thursday, Friday, and Sunday.