The Republic of Korea (RoK)’s cinema chain CJ CGV posted a revenue of 59.1 billion KRW (44.8 million USD) and an operating profit of 9.3 billion KRW in Vietnam in the first quarter of this year. Illustrative image (Source: VNA) It saw a year-on-year rise of 125.6% in revenue, and additional 7.1 billion KRW in operating profit. This is...

Vietjet is offering a 50% discount for SkyBoss and SkyBoss Business ticket on the modern wide-body A330 aircraft on its entire domestic and international flight networks from now to June 30, 2023. Illustrative image. (Source: VNA) Vietjet’s SkyBoss Business offers passengers luxury and prestige with quality and unique services designed exclusively for business leaders: access to the luxury...

Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have dropped 50-60% since the beginning of this year, pushing firms to cut off at least half of their production capacities. Wooden products are made at the Woodsland Tuyen Quang Co. (Photo: VNA) Data from the General Department of Customs showed that the export turnover...

On the morning of May 23, the Customs Department of Lang Son province held a customs-business dialogue in 2023 in order to remove barriers and difficulties for businesses in import and export activities. Overview of the dialogue Attending the dialogue were representatives of nearly 100 businesses that regularly import and export goods through the province. At the dialogue, a...

The US Department of Commerce (DOC) has commenced anti-dumping investigation into boltless steel shelving units from Vietnam, Trade Remedies Authority of Vietnam said, recommending enterprises producing and exporting related products keep a close watch on the next developments of the case. Illustrative photo (Photo: congthuong.vn) On 25 April 2023, Edsal Manufacturing Co., Inc, the largest producer of boltless...

It is pressing for Vietnam to complete a national system for origin tracing as the market has increasing demand for transparency of product quality and origin tracing was becoming mandatory for products to enter foreign markets, according to Nguyen Hoang Linh, Deputy Director of the Directorate for Standards, Metrology and Quality. Sprouts stamped with origin traceability.(Photo: VNA) Linh...

Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government. Minister of FinanceHo Duc Phoc delivers the Government's report on thrift practice and wastefulness prevention in 2022 at the 15th NA's fifth session on May 23. (Photo: VNA) On behalf of the Government, Minister...

Vietnamese bird's nests see great potential for export to Chinese market as people in China and Chinese communities in other countries across the world spend about 5 billion USD on bird’s nests and products made from them. Illustrative photo (Photo: baodautu.vn) The Ministry of Agriculture and Rural Development and the General Administration of Customs of China signed a...

VinaCapital, Vietnam’s most diversified asset manager, and A.P. Moller Capital, a global fund manager focused on high growth markets, have set up a joint platform to grow and scale investments in transportation and logistics infrastructure in Vietnam. Illustrative image (Photo: VNA) With a population of close to 100 million, a consistent GDP growth rate of over 5%, and...

Vietnam’s seaport throughput nearly doubled between 2015 and 2022, averaging 8.4%, said the Vietnam Maritime Administration (VMA). Illustrative photo (Source: VNA) In the period, the average growth rate of container goods handled alone was 11.9%. In 2015, the volume of container cargo via ports reached about 126.3 million tonnes (11.5 million TEUs). In 2022, this figure hit more...