The international road passenger transport route between the Mu La Thang border gate in Vietnam’s Lai Chau province and the Jin Shuihe border gate in China’s Yunnan province has been opened to traffic following a ceremony on June 13. The international road passenger transport route between the Mu La Thang border gate in Vietnam’s Lai Chau province and...

UOB FinLab, an innovation accelerator powered by the Singapore-based United Overseas Bank (UOB), announced its official launch in Vietnam on June 13. Illustrative image (Photo: VNA) According to UOB, this strategic expansion aims to enhance UOB’s regional connectivity and foster UOB FinLab’s network of more than 21,000 small- and medium-sized enterprises (SMEs) across ASEAN, granting them access to...

Online exports are seen as a “launchpad” that helps businesses maintain sustainable revenue and increase exports in the context of rising inflation and consumers tightening their spending, according to insiders. Illustrative image (Photo: saigontimes.vn) Tran Thi Yen Phi, CEO of DSW Services and Trading Company Ltd, said the operation of online stores on cross-border e-commerce platforms has helped...

July marks the end of the lychee season in China but the main harvest in Vietnam. Therefore, domestic firms are advised to optimise this opportunity to boost exports to the neighbouring country. Illustrative image (Source: vneconomy.vn) Vietnamese exporters will face less competition in the market if the shipments are made from this month, said Dang Phuc Nguyen, Secretary...

Brazil is Vietnam’s trading partner in Latin America and one of the three largest markets of Việt Nam in the Americas market, according to the Vietnam Trade Office in Brazil. Seafood is one of the key export products from Việt Nam to Brazil. (Photo: congthuong.vn) Brazil is a very large and potential market for Vietnamese goods. This market...

On June 12, in Lang Son city, the Department of Industry and Trade in collaboration with the Investment and Trade Promotion Center of An Giang province held a conference to connect trade between Tu Son supermarket, Chau Doc city, An Giang province and businesses and cooperatives in Lang Son province. The representative of the Department of Industry and Trade...

As many as 7 million kWh of electricity will be added to the national grid each day once the repair of the first turbine of the Nghi Son 1 Thermal Power Plant is completed on June 13, easing the power use pressure on the north. Nghi Son Thermal Power Plant. (Source: VNA) The turbine’s operation has been halted since...

The Vietnam National Petroleum Group (Petrolimex) aims to achieve a pre-tax profit of over 3.2 trillion VND (139.1 million USD) this year, up 42% annually. Illustrative image (Photo: Petrolimex) According to a document sent to the upcoming annual shareholders' meeting 2023, Petrolimex set its revenue target at 190 trillion VND and the sales volume of petroleum products at...

Due to a sharp fall in demands in many major markets, domestic fisheries firms are forecast to face many difficulties this year, and this requires them to seek measures to complete the target set in export revenue for 2023, according to insiders. Illustrative image (Source: VNA) Minh Phu Seafood Group, a leading shrimp producer, suffered a loss for...

The EU firms have an especially advantageous position to enter Vietnam’s food processing market due to the close trade ties between Vietnam and the bloc, as well as a favourable image of European products among Vietnamese consumers, according to Vietnam Briefing news site. Carpe diem for EU firms to invest in Vietnam’s food processing industry (Photo: VNA) In...