Heavy rains forecast in many parts of Vietnam
HCMC – Heavy downpours are forecast in central and southern provinces from November 21 to 23, according to the national weather center. Rainfalls in provinces from Quang Tri to Quang Ngai would range from 70 and 150 millimeters, while rainfalls of up to 120 millimeters would hit Nghe An, Ha Tinh,
Vietnam in the spotlight
According to the e-Conomy SEA report 2022, 83% of investment funds expect the number of investment projects in Vietnam will continue to grow in the 2025-2030 period. Vietnam, Indonesia and the Philippines are among the potential markets for digital economic development. The age of SEA digital
Bank stock prices and earnings in opposite directions
Although their business performance has remained impressive, bank stock prices have plummeted on the stock market. The stock market has turned bearish and the banking system has been struggling with unfavorable market conditions. Impressive profit growth The Q3 earnings season is almost over, with
Affordable housing still hard to find
Optimism rose among urban dwellers early this year as several medium and large-sized businesses revealed plans to build affordable housing projects. However, given a year-end market contraction, the initiative only serves as a starting point for a broader movement in the industry, aiming to seek
S.Korean firm to break ground on clean industrial complex in northern Vietnam
HCMC – The Korea Land and Housing Corporation (LH) will start work on a clean industrial complex in the northern province of Hung Yen on November 25. The complex will cover an area of 1,431,000 square meters along the Hanoi-Haiphong Expressway, which links the Vietnamese capital city with
Vingroup breaks ground on VND6-trillion EV battery plant
HCMC – VinES Energy Solution JSC, a unit of Vingroup, broke ground on the first phase of the lithium battery facility at the Vung Ang economic zone yesterday, November 18, according to the local media. With an investment of over VND6 trillion, the project will cover over 14 hectares in the
Vietnam eyes US$47 billion in apparel exports in 2023
HCMC – Vietnam’s textile and garment export revenue is expected to hit US$47 billion in 2023, according to the Vietnam Textile and Apparel Association (VITAS). Speaking at a press briefing on November 18, VITAS Chairman Vu Duc Giang forecast the country would see strong growth in apparel exports
Vicem Hoang Thach Cement Co. Ltd. chairman detained
HCMC – The police in the northern province of Hai Duong recently detained Le Thanh Long, chairman of Vicem Hoang Thach Cement Company Limited, the local media reported. On November 12, the Hai Duong police issued an arrest warrant for Long, 59, who was also a member of the board at Hoang Thach
Obstacles plaguing property development expected to be removed
HCMC – Prime Minister Pham Minh Chinh has formed a working group that will adopt measures to remove difficulties plaguing property projects in HCMC, Hanoi and other municipalities. The working group will be led by Minister of Construction Nguyen Thanh Nghi. Deputy Governor of the State Bank of
Food production boosted in preparation for shopping spree
HCMC – Food and beverage manufacturers are ramping up output in preparation for a demand surge at the end of the year. According to an analysis of Mordor Intelligence Inc, a leading market research company, the Vietnam food service market is projected to register a compound annual growth rate of
PM hints at credit growth target expansion
HCMC – Prime Minister Pham Minh Chinh has hinted at expanding the credit growth target to maintain macroeconomic stability. The information was given during a meeting with voters of PM Chinh and the National Assembly deputies delegation of Can Tho City in the Mekong Delta on November 17. PM Chinh
Business-matching conference series kicks off in HCMC
HCMC – A series of business-matching conferences between HCMC and other localities kicked off at the Phu Tho Indoor Sports Stadium in HCMC yesterday afternoon, November 17, according to the local media. It comprises 500 booths of over 1,000 enterprises from 42 provinces and municipalities. Among
