News

Vietnam’s aviation sector records 42% growth in seven months

Domestic air passenger transport has recovered significantly, with an annual rise of 41.8% recorded in the first seven months of 2023.

Banks continue to slash deposit rates

Local lenders have lowered 6-month deposit interest rates since August. Interest rates for 12-month terms range from 6–7% per year.

Vietnam borrows more than $530 million from international partners

The Vietnamese government signed six loans totaling $531.79 million in the first seven months of 2023, according to the Debt Management and External Finance Department.

Vietnam's Nghi Son refinery could face a $1 bln loss in 2023

A document signed by Kuwait's oil minister and seen by Reuters showed that Vietnam's largest oil refinery, in which Kuwait Petroleum International (KPI) owns a stake, could lose $1 billion this year.

Ways must be sought to help firms join global production, supply chains: ...

Vietnamese exporters are facing new difficulties caused by tighter regulations and standards and fierce competition in international markets.

Vietnam Australia’s largest cotton importer: Authority

Vietnam is the largest cotton importer of Australia with 38.8% of the market share.

Central bank asks lenders to lower lending rates by 1.5-2%

The State Bank of Vietnam has asked banks to lower lending rates for both new loans and outstanding loans by 1% to 2% annually.

Circular economy a choice for sustainable development

Amidst worsening environmental pollution and natural resource exhaustion, the circular economy model emerges as a visionary solution for the society and economy.

"Copycat layoffs" won't do the tricks

Layoffs might seem like a quick and effective short-term solution but will come at higher costs in the long run, especially in terms of employee loyalty and productivity.

Vietnams eyes sustainable development of coastal cities

Vietnam aims for a model of coastal eco-cities that are smart, climate-resilient, and sustainably developed, where urban planning for coastal areas will centre around people, said insiders.

Furniture market to see increased competition

Vietnam's furniture market has been said to be among some of the fastest growing in the Pacific region, attracting major international brands to enter the country in recent years, said industry experts.

High logistics costs hurt VN economic competitiveness

Inadequate transport infrastructure and connectivity and domestic enterprises’ low capacity, technology adoption and digital transformation are hindering the otherwise rapidly growing logistics industry.

Vietnam spends $5 billion on fuel imports in 7 months

Domestic enterprises imported a total of 6.26 million tonnes of petroleum products to ensure supply in the domestic market in the last seven months.

Changes required to improve efficiency and management of public invesment: ...

Despite growing needs, Vietnam's public investments have been on a declining trend from 8 percent of GDP in 2011 to 6 percent in 2022.

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News

Petition to loosen business conditions for export-import of rice

Tourism sector moves to optimise new visa policy

Vietnamese exporters renegotiate higher rice prices after Indian ban -traders