Business
Vietreader's Business section covers Vietnam's business and economy. It reports on tech, retail, finance, startups, entrepreneurship, and more
Coffee, Rice and Durian Prices Surge at the Start of the Year in Vietnam
Coffee, rice and durian - three key agricultural commodities produced in Vietnam, have seen their prices climb sharply at the beginning of 2024 due to a combination of global supply and demand factors. According to analysis from Vietnam's Ministry of Agriculture and Rural Development, most
Vietnam's beer industry at its lowest in 24 years and new directions in alcohol beverage business
Vietnam has long been one of Southeast Asia’s largest markets for beer and alcohol consumption. However, statistics show the country’s beer industry is facing its most significant downturn in over two decades as consumer habits and societal views change. Industry leaders are taking notice and
Vietnamese Digital Startups Aim for Strong Growth, Increased Competition with Global Tech Giants in 2024
Hanoi, Vietnam - As Vietnam ramps up efforts to transition to a digital economy and society, local tech companies are playing an increasingly important role in developing digital infrastructure and platforms that cater specifically to the needs of Vietnamese users. Several prominent Vietnamese
The race to burn trillions of money is all-or-nothing: 2 Singaporean technology giants make much money in Vietnam, and domestic businesses suffer endless losses
Recently, Baemin - the food delivery application of unicorn startup Woowa Brothers from Korea, had to leave the Vietnamese market.
ACB spends 2,000 billion VND in Green/Social Credit for businesses
In early 2024, ACB officially launched a 2,000 billion VND Green/Social Credit package with many incentives for businesses with production and business plans that benefit the environment and society.
Give the highest priority to Vietnam - Laos relationship
In receiving Lao Prime Minister Sonexay Siphandone's official visit to Vietnam, President Vo Van Thuong affirmed that the Vietnamese Party and State always prioritize the Vietnam - Laos relationship.
Foreign corporations pour hundreds of millions of dollars into acquiring Vietnamese medical enterprises, From the largest deal in Southeast Asia to the largest pharmacy chain in the West
Vietnam's medical and healthcare market 2023 will witness a series of M&A deals. Foreign investors show great expectations for the market of hundreds of millions of people when they spend millions of dollars to acquire major Vietnamese brands.
Oil and Gas Company Nam Song Hau forced to pay over 1,139 billion VND in taxes
The Hau Giang Tax Department has issued a decision to forcibly collect taxes from Nam Song Hau Oil and Gas Trading and Investment Joint Stock Company in Hau Giang province with an unpaid tax amount of over 1,139 billion VND.
Will Vietnamese businesses benefit from Switzerland's removal of industrial goods import tariffs?
The Vietnamese Trade Office in Switzerland has assessed that Switzerland's removal of import tariffs on industrial goods will create equal conditions for Vietnamese products compared to all other countries. Some Vietnamese textile, footwear products will benefit more than competitors from many
Vietnam's GDP grows 5.05%, among the high group, economic scale reaches 430 billion USD
On January 5, the Government held a meeting to summarize the work in 2023 and implement tasks for 2024 between the Government and local administrations. Speaking at the opening of the meeting, Prime Minister Pham Minh Chinh affirmed that in general, the socio-economic situation in 2023 continued
Vietnam's GDP in 2023 is estimated to increase by 5.05%, among the highest in the region and the world
Although the growth rate of 5.05% in 2023 does not meet the set target, it is still a positive number in the context of the general difficulties of the global economy. Vietnam continues to be a global and regional growth hotspot.
Luxury brands earn trillions of dong in Vietnam
Louis Vuitton, Chanel, Dior, Hermes, and other luxury goods businesses will have a total profit of more than 3,800 billion VND in 2022, a sharp increase compared to the previous period.
At the end of the year, there was a reversal; FDI in Vietnam increased suddenly
Contrary to concerns about a decline in foreign investment (FDI) in the first months of 2023, Vietnam's FDI attraction recorded an even higher growth rate than last year.
Request an end to losses at corporations and energy corporations
The National Assembly Standing Committee requests that in 2023, specifically identify the problems of groups and corporations in the energy sector, research them, and propose or decide, according to authority, on solutions to avoid further losses and financial imbalance.
When Vietnam's fruit king ascended the throne in 2023, the Chinese people loved him with "no way out"
The unique, unforgettable, and thorny flavor is the first impression one gets when mentioning Vietnamese durian fruit. However, in 2023, durian has officially stepped up to a new position: becoming the billion-dollar fruit king with a booming export year. This fruit has become an extremely rare
Bamboo tube coffee sells nearly 200 cups per day in Ho Chi Minh City
Mr. Nguyen Huynh's coffee, District 4, is brewed in a bamboo tube using a grass straw and a wooden spoon. Each session only sells for two hours before it runs out of stock.