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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.

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VinaCapital seeks to sell SkyX Solar for $100 million

VinaCapital is considering selling SkyX Solar in a deal that could value the Ho Chi Minh City-based solar rooftop power developer at more than $100 million, three sources told Reuters.

News

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CJ Cau Tre voluntarily recalls exported products

CJ Cau Tre will voluntarily recall mini mandu prawn dumplings, mandu prawn dumplings, rice paper spring roll seafood products exported overseas.

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ITL expands cooperation, leading regional growth

As Asian economies continues to recover and Vietnam increasingly holds an important position in the global supply chain, ITL actively participates in regional trade promotion activities.

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Bitcoin surges 60.000 USD in more than two years

This is the highest price Bitcoin has reached in more than two years, approaching its all-time high.

Economy

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Discover global contract furniture - Upholstery solutions

Upholstered furniture has become an indispensable part of large-scale interior design projects worldwide.

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Central banks continue to bolster gold reserves

The price of gold has surged above 2,300 USD/ounce, with some experts attributing this increase to the demand for gold from central banks.

Companies

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Taiwan’s investment in Vietnam: Expanding horizons

Taiwanese investors have established a strong presence across Vietnam, spanning from the northern provinces to southern metropolis.

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Dat Bike and FPT IS Launch the First SAP S/4HANA Public Cloud Project for Electric Vehicle Manufacturing Industry

This decision enables Dat Bike to apply a globally standardized management platform, optimally deployed through cloud technology.

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PNJ Secures Spot on Inaugural Fortune Southeast Asia 500 List

PNJ has significantly expanded its market presence across Vietnam, now boasting over 400 stores in 55 out of 63 provinces.

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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Construction ministry to auction 49% stake in Song Hong Corporation

The Ministry of Construction plans to auction 13.2 million shares in Song Hong Corporation, equivalent to 49.04% of capital, according to the Hanoi Stock Exchange's filing.

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Cake by VPBank receives the Best Digital Bank Vietnam award

The unique selling point of Cake digital bank lies in its ability to fully meet the financial demands of young consumers.

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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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.

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Industrial real estate increases M&A attraction

The attractiveness of industrial real estate is attracting large cash flows from M&A.

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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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.

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Southeast Asia's internet economy growth to slow in 2023

Southeast Asia's internet economy is expected to grow 11% year-on-year in 2023, slowing from last year's growth of 20%, an annual industry report showed on Wednesday.