Vietnam News Economy

In 2024, smart banking is evolving beyond a mere technological trend. It is becoming a strategy for sustainable development that fosters collaboration among banks to share experiences, learn and grow together.

While some producers like Hòa Phát Group and Thống Nhất Flat Steel JSC witnessed profit resurgence, others faced ongoing losses.

The National Assembly on Tuesday morning heard the Government report on a draft law amending several points of seven laws, including the Law on Securities, on Accounting, on Independent Audit, on the State Budget, on Management and Use of Public Assets, on Tax Administration and on National Reserves.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose by 7.01 points, or 0.56 per cent, closing at 1,261.78 points, marking the VN-Index’s second consecutive gain.

Among the provincial export items, rice posted the highest turnover with $627 million, surging 68 per cent over the same period last year. Rice is now the province's strong product that is also popular in foreign markets. 

Decree 15, which aims to ensure the food safety of imported food products, creates problems for the cashew industry, particularly for companies importing raw cashew from Africa, a seminar heard in Bình Dương Province on Monday.

Abu Dhabi Investment Authority (ADIA) is managing assets of about US$830 billion, the fourth largest investment fund in the world.

The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank - HoSE: HDB) has announced its earnings report for the first nine months of the year, with profits before tax surging 46.6 per cent from the same period last year to VNĐ12.5 trillion (US$499.6 million), achieving 79.8 per cent  of the full-year targets.

The airline said that the agreement will enhance Emirates' connectivity to popular destinations in Vietjet’s domestic and regional network via Hà Nội, HCM City and Đà Nẵng.

The exhibition provides businesses with an opportunity to strengthen trade promotion, expand markets, seek investment and exchange scientific knowledge and technology.

The Việt Nam Trade Office in Sweden has confirmed that Vietnamese rice is not among the batches temporarily seized by Swedish authorities for suspected quality fraud.

The Ministry of Information and Communications has requested iQIYI, China’s leading provider of online entertainment video services, to fully comply with local laws for cross-border paid streaming services.

A sharp rise in export prices has been the major reason behind a surge in the export revenue of Vietnamese coffee sector so far, according to the Việt Nam Coffee-Cocoa Association (Vicofa).

Việt Nam 'snational brands in 2024 will be honoured at a ceremony slated for November 4 in Hà Nội, which features 359 exemplary products and businesses that represent Việt Nam’s national brands.

The freshly-signed Comprehensive Economic Partnership Agreement (CEPA) between Việt Nam and the United Arab Emirates (UAE) opens up a new era of the bilateral relationship that has been upgraded to a comprehensive partnership and growing substantively.

RongViet Securities Corporation (VDSC) said that the value of Việt Nam's meat market recorded a compound annual growth rate (CAGR) of 4.4 per cent in the 2018-2023 period.

Experts agree that the 'bottleneck' is because the majority of supporting industry enterprises are often small-scale, have financial difficulties, lack high-quality human resources and have not focused on investing in technology.

CEO Arif Amiri suggested Việt Nam promote the development of financial services to create a foundation for trade development and investment attraction.

There is still room for monetary policy to support growth, experts say.

The draft of the law was released by a representative of the Department of Chemicals, Ministry of Industry and Trade at a workshop on the amended law and a strategy for the development of Việt Nam's chemical industry, held in Hà Nội on October 28.