Prime Minister Pham Minh Chinh has just signed a document requesting more efforts to promote the development of and remove obstacles to the real estate market. Illustrative image (Photo: cenhomes.vn) He asked ministries, agencies and People’s Committees of provinces and centrally-run cities to strictly follow the Government’s resolution dated March 11, 2023 on several measures to solve difficulties for...

Vietnamese lender VPBank on March 27 signed an agreement to sell its 15% stake to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) through a private placement. At the signing ceremony between VPBank and SMBC (Photo: VNA) With this deal, SMBC, a subsidiary of Sumitomo Mitsui Financial Group, Inc (SMFG), has officially become a foreign strategic investor of the Vietnamese...

Domestic tuna exporters are targeting promising small markets to get out of current difficulties amid economic fluctuations in big importing countries. Illustrative image (Photo: VNA) Data from the General Department of Vietnam Customs showed tuna export revenue dropped 13% in February with no signs of improvement in March. Total tuna export value in the first three months of this...

Vietnam exported 7,420 tonnes of coffee worth 18.77 million USD to the Netherlands in the first two months of the year, up 93.1% in volume and 105.7% in value year on year, according to the General Department of Vietnam Customs. Illustrative photo (Source: VNA) The average export price of Vietnamese coffee to the market also rose by 5.7%...

The export value of Vietnamese tea to China in the first two months of this year quadrupled from the same period last year, according to the General Department of Vietnam Customs. Illustrative image (Photo: vov.vn) China imported 426 tonnes of tea from Vietnam in the two months, representing rises of 121% in volume and 411.2% in value. The...

Vietnam is studying and adjusting its investment policies to adapt to the global minimum corporate income tax which is scheduled to be applied from 2024, said Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc. Illustrative image (Photo: vneconomy.vn) The global minimum corporate income tax is part of the Action Plan on Base Erosion and Profit Shifting...

FPT Software, a leading Vietnamese IT service provider, has announced the inauguration of its latest office in Seoul, the Republic of Korea, and its 64th globally. FPT Chairman Truong Gia Binh speaks at the opening ceremony in Seoul.(Photo courtesy of the company) With this new office, FPT Software is the first Vietnamese IT company to open a second...

Building and developing trademarks and obtaining certificates of origin are considered effective ways to create added value for products, thus expanding markets for specialties of the Mekong Delta. Durians from Ben Tre province (Photo: VNA) Tran Giang Khue from the Ministry of Science and Technology’s Intellectual Property Office said during 2018-2022, the Mekong Delta recorded over 9,800 intellectual...

Vietnam has been ranked in the top 10 places in the 2023 Agility Emerging Markets Logistics Index compiled by Agility, one of the world’s top freight forwarding and contract logistics providers. Part of Lach Huyen seaport in Hai Phong city (Photo: VNA) Vietnam is at the 10th place, up one spot compared to the previous year. Among Southeast...

Amid difficulties in export markets, significant efforts are required for Vietnam to meet its goal of 4.3 billion USD in shrimp export revenue this year, said Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP). Illustrative photo (Source: VNA) He attributed the obstacles to global fluctuations over armed conflicts, climate change, tightening food...