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Moody’s upgrades ratings of 12 Vietnamese banks
Moody's Investors Service has raised ratings of 12 Vietnamese banks following its upgrade of Vietnam's sovereign rating to Ba2 from Ba3.
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Vietnam reduces electric energy consumption at its largest solar farm
Vietnam has reduced the utilization rate of power produced at its largest solar farm by 40% due to the lack of a pricing system in place, Reuters reported.
Half of Vietnamese to make more than $20 a day by 2030: HSBC
Forty eight million Vietnamese, or nearly half the population, will have an income of more than US$20 a day by 2030, British lender HSBC has forecast.
Vietnam e-commerce estimated to reach $16.4 billion in 2022.
The Vietnam B2C E-commerce Market Size in 2022 is expected to reach $16.4 billion, up 20% year-on-year, according to Vietnam E-commerce White Paper.
- Rising dragon: Amazon eyes Vietnam as key link in global supply chain 1
- Vietnamese textile-garment sector logs record number of export markets 2
- Vietnamese fruits struggle with higher standards 3
- VinaCapital seeks to sell SkyX Solar for $100 million 4
- Vietnam takes advantage of FTAs for exporting agricultural products 5
- Vietnam on the rise as a promising destination for int'l retailers 6
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Low labour costs, strong investor interest drawing S'pore start-ups into Vietnam
SINGAPORE - The number of start-ups from Singapore venturing overseas through Enterprise Singapore's Global Innovation Alliance (GIA) acceleration programmes has ballooned to more than 400 in less than five years.
Digital economy to make up 25% of HCM City's GDP by 2025
By 2025, the local government expects that Ho Chi Minh City's digital economy would contribute 25% of the southern hub's GRDP.
Vietnam spends $2.25 bln to import CBU vehicles in just 8 months
In August 2022, Vietnam imported 18,279 CBU cars, with a turnover of $385.4 million, a record high, according to the General Department of Customs.
Vietnam Sets Dong Fixing at Record Low as Dollar Strength Grows
Vietnam's dong is on course to decline for the eighth consecutive month to a record low, setting the stage for further currency weakening in the Southeast Asian
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Red alert for global food inflation as India curbs rice exports
India, the world's largest rice exporter, slapped a tariff on certain exports to guarantee local supply after planting shrank, that might further shock global food markets and deepen the starvation situation.
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Moody’s raises Vietnam's rating to Ba2, outlook changed to stable
Moody's Investors Service has upgraded the Vietnam's long-term issuer and senior unsecured ratings to Ba2 from Ba3 and changed the outlook to stable from positive.
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EVN gets approval to invest in a 1.2bln thermal power plant
The People's Committee of Can Tho City has just issued Decision No. 2447/QD-UBND approving the investment policy and investor of EVN to invest in the O Mon III thermal power plant project.
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Lotte to invest $900 million in Vietnam smart city project
The Lotte group's head claims that its investment in Vietnam will increase because they want to use the nation as a test market for upcoming projects.
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Vietnamese auto firms face shortage of part imports from China
Vietnamese automobile manufacturing, assembly, and trading enterprises are in trouble due to a dearth of part imports from China, posing a high risk of delaying automobile deliveries to customers and rising prices.
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A sustainable garment hub in Vietnam designed to reduce the carbon footprint of making a ...
If you’ve ever checked the label on that new shirt you just bought, there is a good chance that it was made in Vietnam.
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Government to inject $7.5 bln for socio-economic recovery
On August 29, the NA Standing Committee held an emergency meeting in Hanoi to discuss the distribution of responsibilities and projects under the socioeconomic recovery, development program, as well as funding.
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Vietnam’s Apple Shipments More Than Doubled in Q2 2022
In the second quarter of 2022, Apple recorded a more than doubling of its shipments as Apple is boosting the number of outlets, assisting the company in reaching more consumers.
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Foreign workers send home $10 bln a year: report
Over one million Vietnamese have gone abroad to work since 2012, sending home around $10 billion each year, a government report has found.
