Economy & Money

Supporting industries future looks bright

Foreign companies in Việt Nam are increasingly looking to source components and parts locally, offering local firms a great opportunity to enter global supply chains, a meeting heard in HCM City.

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Transport firms continue to reap high profits as ocean rates fall slowly

Sea freight rates are expected to fall in the second half of 2022, but at a glacial pace, allowing transport firms to reap high profits for another six months.

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UKVFTA opens doors for UK businesses in Việt Nam

The UK-Việt Nam Free Trade Agreement (UKVFTA), which officially took effect on May 1, 2021, has helped not only boost the bilateral trade between the two markets but also bring the door wide open for the investment of UK companies in Việt Nam. Việt Nam News talks to CEO of HSBC Việt Nam Tim Evans and Nitin Kapoor, Chairman and General Director of AstraZeneca Việt Nam and Asia Area Frontier Markets, about their plans for business in Việt Nam.

   

US extends duty evasion investigation into plywood from Việt Nam

The US Department of Commerce (DOC) has announced the extension of the deadline for issuing its final conclusion on a trade remedy duty evasion investigation into hardwood plywood imported from Việt Nam, according to the Ministry of Industry and Trade (MoIT).

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Nation's largest firms the driving force for economic growth

The National Center for Socio-Economic Information and Forecast (NCIF) on Wednesday launched a workshop assessing the Top 500 Vietnamese largest private enterprises (VPE500).

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High-quality human resources key to sustainable tourism industry

As tourism continues to revive, the hotel and tourism industry is suffering from challenges in recruiting qualified human resources post pandemic, industry players warned.

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Play-to-earn games struggle to retain interest

Plunging cryptocurrencies and increasing reports of fraud are chasing people away from play-to-earn games as they abandon their dreams of getting rich quick.

   

VN-Index slips after 2 gaining sessions

Vietnam’s benchmark VN-Index dropped 0.19% to 1256.5 points Wednesday.
VN-Index slips after 2 gaining sessions

 

Vietnam needs $8 bln-$14 bln power investment a year through 2030

Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister said on Wednesday.
Vietnam needs $8 bln-$14 bln power investment a year through 2030

   

France’s TotalEnergies to install solar panels in industrial parks

French company TotalEnergies is set to install 280,000 square meters of rooftop solar panels for industrial property developer KCN Vietnam.
France’s TotalEnergies to install solar panels in industrial parks

 

Public fund disbursement slowed by local leaders’ reluctance

Public spending has been tardy again this year, with only 34.5% of earmarked funds spent as of July, and the government blames local leaders for it.
Public fund disbursement slowed by local leaders’ reluctance

   

Shares mixed on profit-taking pressure

The VN-Index slipped on Wednesday after two-day rally, ending at 1,256.50 points, down 0.19 per cent from Tuesday’s close, on rising profit-taking pressure.

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SeABank hikes charter capital to over $853 million

Southeast Asia Commercial Joint Stock Bank (SeABank) officially increased its chartered capital by VNĐ3.2 trillion to VNĐ19.8 trillion (US$853.4 million).

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