News

Azerbaijan to cooperate with Vietnam in the oil industry and renewable energy sources

Parviz Shahbazov, the energy minister of Azerbaijan, met with a representative from Vietnam to discuss the expansion of cooperation with Vietnamese businesses in the fields of oil refining and renewable energy

Mobile World profit to decline: chairman

Retail conglomerate Mobile World’s profit is set to decline by 10% this year to VND4.4 trillion ($177.63 million) due to sluggish demand caused by global problems.

Vietnam’s fertilizer exports to exceed $1mn this year

Vietnam’s fertilizer exports are on track to surpass the US$1-billion turnover mark this year, according to the Fertilizer Association of Vietnam.

Ben Luc – Long Thanh Expressway proposed to extend deadline to 2025

The Transport Ministry yesterday informed that it has just proposed to the Prime Minister to adjust the implementation time, capital structure, and financial mechanism of Ben Luc – Long Thanh Expressway project.

EVFTA to create 146,000 jobs in 2022 - 2025 period

The European Union–Vietnam Free Trade Agreement (EVFTA) is believed to result in the development of 146,000 more employees between 2022 - 2025.

Vietnam - Hong Kong aims to increase trade turnover to $50 billion

Vietnam and Hong Kong are expected to up trade turnover to $50 billion in the next 5 years, striving for Vietnam to become the largest trading partner in ASEAN.

Pouyuen cuts working hours for 20,000 employees

Due to orders that will influence the manufacturing schedule, 20,000 employees of the Pouyuen Vietnam will take a rotating break from December 1, 2022, to February 28, 2023.

Organic agricultural products rise by more than 418% in export value

Annual exports of organic agricultural goods reach over $335 million, a growth of more than 418% during the period from 2010-2016, according to the Ministry of Agriculture and Rural Development.

Vietnam imports nearly 145,000 cars in first 11 months

As of mid-November, Vietnam spent about $ 3.24 billion on importing 144,726 cars of all types, up 6.4% in value and 5.9% in number compared with the same period last year.

Vietnam may extend the range of the USD/VND exchange rate: WB

Vietnam may think about granting more exchange rate flexibility, according to the World Bank, as the Fed is anticipated to keep hiking interest rates.

October sees record-breaking rice exports

In October, Vietnam's rice exports totaled 713,546 tons and were valued at $341,064 million, up 22.3% in volume, 23.9% in value over the previous month, according to the General Department of Customs.

U.S. removes Vietnam from monitoring list for currency manipulation

The U.S. Treasury Department has just removed Vietnam from the monitoring list for currency manipulation in its semiannual report to Congress on macroeconomic and foreign-exchange policies of major U.S. trading partners.

M&A deals hit $5.7 bln during Jan-Oct period

M&A activity in the first 10 months of 2022 in Vietnam worth $5.7 billion, a 35.3% decline from the same period last year, according to KPMG Vietnam.

$8.5 billion needed for metro line projects in Ho Chi Minh City

The State budget is tight and it is more difficult to access ODA loans, while metro line projects in Ho Chi Minh City need a total investment of VND210.8 trillion ($8.5 billion).

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News

Vietnamese dong only falls 6.1% against the US dollar

Vietnam expected to export 7.2-7.3 million tons of rice in 2022, highest in the world

Enterprises plan to cut more than 15,000 employees