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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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Rising dragon: Amazon eyes Vietnam as key link in global supply chain

Global e-retail giant Amazon will make Vietnam an emerging link in its global e-commerce supply chain, as the Southeast Asian country has become increasingly prominent as a major manufacturer regionally and internationally.

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Vietnamese textile-garment sector logs record number of export markets

Vietnam's textile and garment products have been exported to 104 countries and territories this year – a record number, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.

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Vietnamese fruits struggle with higher standards

In light of the recent incident involving the destruction of two shipments of Vietnamese durians and peppers by the Japanese authorities, the vulnerability of Vietnamese agricultural exporters remains a pressing concern.

Economy

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Financing Net Zero

The world would be better off allocating more funds towards the fight against climate change today, rather than spending trillions of dollars to deal with its consequences in the future.

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Bitter taste of beer

Although Sabeco is still a "golden chicken" for Thai investors, it is facing many challenges in a beer market with declining demand.

Companies

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GALAXY PLAY Reflects on 2023, Firm Steps into 2024

In contrast, the domestic film market in Vietnam experienced remarkable growth, reaching over VND 1,500 billion.

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ICANKid won the Gold Award at ASEAN Digital Awards 2024

ICANKid is the "Play and Learn - In Just 1 App" solution for preschool and pre-primary children (from 2-6 years old).

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Masan targets doubling of profits in 2024

Vietnam’s private conglomerate generated VND78,252 billion ($3.19 billion) in net revenue in 2023 and targeted a doubled profit in 2024.

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.