Vietnam News Economy

A wave of cheap goods on Chinese e-commerce platforms, such as Taobao, 1688, Shein and Temu, has forced Vietnamese businesses to adapt.

Vietnamese businesses need to step up the building of close relationships with partners and associations in the US.

Mergers and acquisition (M&A) activities in Việt Nam have been showing signs of recovery in recent months as several large companies announced finished deals.

The demand for jewellery in Việt Nam was at 2.6 tonnes, an year-on-year drop of 13 per cent, according to World Gold Council.

The Vietnamese stock market is currently in a transitional phase, presenting both opportunities and challenges. Notably, attention should be given to the sectoral divergence and the cautious stance of foreign investors.

The ministry will also look at mechanisms for exchanging and offsetting carbon credits for projects which convert from fossil fuel vehicles to EVs.

App developers in Việt Nam have numerous opportunities and great potential to maximise monetisation and expand their businesses in both Vietnamese and foreign markets, according to experts at the "Future of Monetisation in Việt Nam" forum held in HCM City on Wednesday.

Minister of Industry and Trade Nguyễn Hồng Diên highlighted the Việt Nam-UAE Comprehensive Economic Partnership Agreement (CEPA)'s significance, describing it as a breakthrough that will significantly enhance economic, trade, and investment cooperation between the two nations.

Developing a domestic Halal industry catered to Muslims has been actively promoted by the Vietnamese Government in recent years. Apart from getting Vietnamese food products to meet halal standards to enter Islamic countries, halal tourism is also a new market that experts say Việt Nam should be exploring.

The UK is concerned by sustainable development, labour issues, environmental protection and social responsibility. Therefore, when exporting to the UK, enterprises should not just be concerned about being competitive in terms of price and quality.

With Prime Minister Phạm Minh Chính’s recent visit to the Middle East, a fresh momentum has been established, setting the stage for enhanced trade relations, deeper economic ties, and new areas of cooperation.

Ramlan Osman, director of Việt Nam Halal Certification Authority under the Việt Nam Certification Centre, shares insights with Việt Nam News on the opportunities and strategies for Việt Nam to navigate these challenges effectively and tap into the growing demand for halal products worldwide.

The gold sale generated over VNĐ8.8 billion (US$348,000), which Linh deposited directly into his personal trading account for stock and cryptocurrency investments.

The fourth Việt Nam Economic Pulse (VEP) on Friday gathered leaders and experts from across government, business and academia to discuss the evolving policy landscape amid global economic uncertainties, rapid technological change and the intensifying impacts of climate change.

Affordable bank credit has supported businesses in key sectors that drive the country’s economic growth, Nguyễn Đức Lệnh, deputy director of the State Bank of Vietnam’s HCM City office, told a conference on October 31.

SABECO cleaned up at the MMA Smarties Awards Vietnam 2024, a prestigious marketing awards ceremony held on October 25. The company's Bia Saigon won silver in the Social Media Marketing category for its Tết 2024 campaign, 'Welcome the Dragon Year – Multiple Prosperity', while Dragon Gem, an augmented reality game, won another silver for the firm in the WEB 3.0 Technologies Marketing category.

About VNĐ115 trillion ($4.55 billion) was withdrawn from three major banks to serve public investment disbursement.

The agro – forestry – fishery sector posts a trade surplus of US$15.21 billion in the first 10 months of this year, representing a rise of 62.2 per cent over the same period last year, according to the latest updates of the Ministry of Agriculture and Rural Development.

The Vietnamese manufacturing sector started to recover from the effects of Typhoon Yagi with renewed increases in both output and new orders in October, according to the S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI) report released on Friday.

Though consumers mostly acknowledge the benefits that green consumption brings, there is a considerable gap between awareness and action as reflected in the relatively low priority they place on green consumption, a survey by the High Quality Vietnamese Goods Business Association has found.