The Southeast Asia Commercial Joint Stock Bank (SeABank) said on April 3 that the Asian Development Bank (ADB) has doubled the trade finance limit to 60 million USD, and increased the 5-million-USD limit of the revolving loan for the bank to 10 million USD. Illustrative image (Source: VNA) SeABank officially joined the ADB’s Trade Finance Programme (TFP) in...

After having shown signs of recovery in the previous month, the Vietnamese manufacturing sector took a step back in March, according to S&P Global - the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets. Illustrative image (Photo: VNA) In its April 3 news release, S&P Global said that renewed falls were...

Fisheries export value was estimated at 1.85 billion USD in the first quarter (Q1) of this year, a fall of 27% compared to the same period last year due to lower consumption and import demand under the impacts of inflation and economic recession, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Fisheries export value is estimated...

The private business sector has been an important driving force of the economy and is expected to raise GDP contribution to 55% by 2025, a top economist told the second Private Economic Forum 2023 in Hanoi on April 2. The Private Economic Forum 2023 organised by the Vietnam Private Business Association. (Photo:) laodong.vn Can Van Luc, chief economist at...

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night. Caps on interest rates of dong-denominated deposits for terms between one month and less than six months will be lowered to 5.5% from 6%. (Photo: VNA)...

Representatives from around 180 Japanese businesses and investors on April 1 attended a Tokyo workshop on Vietnamese real estate, during which many of them highly appreciated the potential of Vietnam’s property market. An overview of the workshop. (Photo: VNA) The event was organised by Vinhomes - the largest commercial real estate developer in Vietnam - in collaboration with the...

The participation of giants is leading the push for electric taxis in Vietnam which would reshape the taxi landscape towards more green transportation but the fares remain a decisive factor. Electric cars of VinFast used to provide taxi services roll out of the factory. The use of electric vehicles is a trend towards sustainable transportation. (Photo: VNA) In early...

TGS Tra Vinh Green Hydrogen Company, a member of The Green Solutions Group, has started construction of Vietnam's first and largest green hydrogen factory in the Mekong Delta province of Tra Vinh’s Duyen Hai district, with total investment of 8 trillion VND (341 million USD). The groundbreaking ceremony for Vietnam's first and largest green hydrogen factory in the Mekong...

To enhance its competitiveness and weather difficulties, Vietnam's shrimp industry is exerting stronger efforts and capitalising on every advantage to develop, according to insiders. A shrimp processing factory (Photo: VNA) Businesses in the shrimp industry faced numerous difficulties in 2022 such as a lack of information about the global shrimp sector, certificate of origin issues, and high production...

The Ministry of Agriculture and Rural Development announced a decision to set up the public-private partnership (PPP) task force on rice and discussed an action plan for 2023 at a recent conference held in the Mekong Delta city of Can Tho. Participants in the conference pose for a group photo. (Photo: VNA) Under the decision issued on June...