PouYuen Vietnam’s assistance for laid-off workers totals VND690 billion
HCMC – PouYuen Vietnam, the most labor-intensive company in Binh Tan District, HCMC, has offered financial assistance totaling VND689 billion to around 5,700 workers whose contracts were terminated in June and July this year. The Taiwan-invested footwear maker previously decided to lay off around
Manufacturing conditions weaken further in May
HCMC – The Vietnamese manufacturing sector continued to contract in May due to weakening demand and declining business confidence. The sector has experienced deteriorating conditions for the third consecutive month as the official manufacturing Purchasing Managers’ Index (PMI) was 45.3 last month,
Finance Ministry to draft VND23 trillion support package for workers
HCMC – The Finance Ministry is set to develop a support package worth VND23 trillion (nearly US$100 million) from the Unemployment Insurance Fund to provide further assistance to workers. Finance Minister Ho Duc Phoc announced this during the National Assembly’s Q&A session on the morning of
Durian exports continue to thrive
The export revenue of durian was reported at 190.5 million USD in the first four months of this year, a dramatic increase of 573.1% over the same period in 2022.
PM requests inspection of electricity supply
HCMC – Prime Minister Pham Minh Chinh has instructed the Ministry of Trade and Industry to establish a team to inspect the electricity supply of Vietnam Electricity Group (EVN) from 2021 to June of this year. This request is part of a directive on ensuring electricity supply, which was signed and
European-style natural scenery at The Florest, Da Lat (Vietnam)
The Florest: Flowers in the Forest is the largest flower garden in Da Lat. This is also a famous photography spot, attracting many tourists to visit. Coming here, you feel lost in the natural scenery as poetic as the sky, striding in the middle of a flower garden blooming with fragrance.
Vietnam’s exports grow 4.3% in May
HCMC – Vietnam’s exports in May continued to improve, with a 4.3% increase versus April to US$29 billion, according to an official at the Ministry of Industry and Trade. During the first five months of the year, exports generated US$136.2 billion. Manufactured products accounted for over 88% of
Cashew nut export sees positive growth over five-month period
Vietnam exported 219,000 tonnes of cashew nuts worth US$1.28 billion during the first five months of the year, increasing by 8.0% in volume and 5.5% in value compared to the same period last year, according to the General Department of Vietnam Customs.
HCMC’s Jan-May credit growth lower than nation’s average
HCMC – HCMC saw January-May credit expanding a slight 2.43% compared to late last year, below the nation’s average of 3.17%, according to the HCMC branch of the State Bank of Vietnam. After experiencing a significant improvement of 1.37% in March, credit expansion lost momentum in the subsequent
Australia Trade Minister Heads to Europe Aiming to Seal EU-FTA
Australia’s Trade Minister Don Farrell will head to Brussels this weekend for the final rounds of negotiations on a free trade agreement with the European Union, which both sides signaled may be completed by the end of the European summer.
Industrial production in 49 provinces improves in Jan-May
HCMC – The index of industrial production (IIP) in Vietnam improved in 49 out of the nation’s 63 centrally-governed provinces and cities in January-May, according to the General Statistics Office (GSO). However, overall, the IIP declined by 2% year-on-year during this time. The GSO attributed the
Investors in 65 renewable energy projects seek pricing talks with EVN
HCMC – Investors in 65 out of the total 85 renewable energy transition projects, with a combined capacity of 3,640 MW, have written to Vietnam Electricity Group (EVN) proposing pricing negotiations before purchase agreements are reached, according to the Ministry of Industry and Trade. Of these