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State budget revenue hits $63.5 billion in 11 months, completing 94.9% of whole-year plan

State budget income was estimated to reach VND1,537.6 trillion ($63.5 billion) in the first 11 months of 2023, equal to 94.9% of the 2023 plan, down 7.1% year-on-year.

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Enterprises cut forecasts due to gloomy outlook

In the third quarter, the total profit after tax of listed businesses declined by 5 per cent year-on-year after continuously recording a sharp double-digit decrease in the previous three quarters.

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Vietnam to borrow additional $1.2 billion from foreign partners in 2023

The Ministry of Finance is completing the negotiation and signing of 12 loan agreements with a total value of $1.255 billion.

News

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KMS CTO: “Leveraging AI technologies to truly solve complex business problems”

KMS Technology - a leading partner of digital engineering and technology solutions - has recently appointed Guy Merritt as its new Chief Technology Officer.

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Vietnamese EdTech Galaxy Education raises nearly US$10M from East Ventures and other investors

As of early 2025, GE serves a cumulative total of over 8 million learners across Vietnam and in 34 countries.

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Galaxy Play wins big at the Asia-Pacific Broadcasting+ Awards 2024 with two major honors

For the third consecutive year, Galaxy Play has been recognized at the prestigious Asia-Pacific Broadcasting+ Awards (APB+).

Companies

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Pioneering consumer credit, FE CREDIT realizes millions of dreams

With practical financial solutions, the company has helped people meet essential living and educational needs, thereby stimulating consumption and shaping the industry’s development.

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FE CREDIT’s strategic transformation: Driving Vietnam consumer finance’s next chapter

Founded in 2010, FE CREDIT was one of the pioneers in laying the foundation for Vietnam’s modern consumer finance sector.

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VPBank and Partners Announce Landmark $350M Sustainable Development Partnership in Vietnam

The USD 350 million loan (equivalent to approximately VND 9.1 trillion), with a five-year maturity, serves as a significant funding source to support VPBank’s sustainable finance strategy focusing on three key pillars.

Market

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Rice exports continue to increase in 2024

Rice exports in 2024 are expected to achieve record levels, building on the success of 2023 when both rice export volume and value have reached records.

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Vietnam tourism industry sees huge growth for 2023

The tourism sector plans to welcome 110 million tourist arrivals this year, including 8 million foreigners, for 650 trillion VND (27.39 billion USD).

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Masan's earnings were five times higher than the same period last year

Consumer-retail company reported a nearly 400% earnings growth in 2Q2024.

Real Estate

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BW breaks ground for new logistics project in VSIP Bac Ninh 2, first of its 12 planned projects for 2024

BW held a groundbreaking ceremony today to initiate the development of a new logistics project in VSIP Bac Ninh 2 industrial park.

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Vietnam real estate market: real prices waiting for real buyers

Enterprises are restructuring products to meet buyer demands in the real estate sector.

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CapitaLand's unit buys 18.9ha residential project from Becamex IDC

Sycamore Company Limited, an arm of Singapore-based CapitaLand, has acquired the entire Tan Thanh Binh Duong Urban Area from Becamex for an undisclosed amount of money.

World

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U.S. forced labor laws strain China-dependent garment supply chains

The garment industry's reliance on China for materials is presenting a major challenge as the U.S. "aggressively" cracks down on products with links to Xinjiang province, experts say.

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'Driverless' bullet trains to debut at Japan's JR East in 2030s

East Japan Railway will introduce largely automated bullet trains in the mid-2030s under plans announced Tuesday, a labor-saving measure that would be a first for the company.

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Workplace environment for women improved in Asia: study

The workplace environment for women in Asia including Vietnam has changed for the better in the past five years, according to Agoda’s newly-released “Women in the Workplace: Asia” study.