Vietnam’s leading steelmaker Hoa Phat Group posted an after-tax profit of 2.97 trillion VND in the fourth quarter of 2023, up 249% compared to the same period of 2022 and 48% quarter-on-quarter. Hoa Phat Group posts an after-tax profit of 2.97 trillion VND in the fourth quarter of 2023.(Photo: VNA) The firm reported a record-high revenue of 34.9...

Vietnamese businesses should make greater efforts to tap the potential of seafood exports to Switzerland, a trade official said. A seafood processing factory in the central province of Quang Ngai. Vietnamese exporters are urged to foster seafood shipments to Switzerland. (Photo: VNA) Nguyen Duc Thuong, Commercial Counsellor at Vietnam Trade Office in Switzerland, said that as a landlocked country,...

The State Capital Investment Corporation (SCIC) has set an average annual revenue target of 9.4 trillion VND (391.67 million USD) per year according to its five-year production and business plan. Illustrative image (Photo: baochinhphu.vn) The corporation announced the implementation of the development strategy, business plan, and investment plan in accordance with Decision No 1336/QD-TTg of the Government on...

The Vietnam Report JSC has released a white book on the Vietnamese economy in 2023, highlighting the country’s economic achievements last year and giving forecast for 2024 as well as a number of policy recommendations. Illustrative image (Source: VNA) According to Vietnam Report General Director Vu Dang Vinh, last year, despite impacts from the world economic crisis and...

With the approval of the Department of Industry and Trade, from January 20 to January 26, 2024, IFA International Fair and Advertising Joint Stock Company coordinated with Lang Son City People's Committee to organize the 2024 Spring Fair in Lang Son Trade Fair Center (Tam Thanh street, Tam Thanh ward, Lang Son city). People visit the 2024 Spring Fair...

Over 17 years of being a member of the World Trade Organisation (WTO), Vietnam has seen hallmark economic growth thanks to economic integration into the world, providing strong momentum for further development. While many major economies recorded contraction last year, Vietnam posted a GDP growth rate of 5.05%. (Photo: VNA) Emerging as one of 20 largest trading economies During...

More challenges are expected for Vietnam’s aquaculture exports in 2024, according to Tran Dinh Luan, General Director of the Department of Fisheries under the Ministry of Agriculture and Rural Development. Workers process shrimp for export at Minh Phu Seafood Corp. (Photo: VNA) The fishery sector's current problems include the traceability of seafood to combat illegal exploitation and ensure food...

The Vietnam Trade Office in the Netherlands has warned of online fraud cases, particularly related to petroleum products, amidst the high demand for this category of goods. Information related to online fraud and a list of counterfeit websites compiled by the port authority of Rotterdam (continuously updated) can be accessed at https://ferm-rotterdam.nl/en/blacklist/ (Photo: Screenshots) Fraudsters often create fake websites...

The tension in the Red Sea, which has led to increases in logistic costs and shipping time, is forecast to affect Vietnamese exporters of garment, textile, footwear and leather products from the second quarter of 2024 if it persists. Red Sea tension likely to affect garment and footwear exporters from Q2 (Photo: Reuters) According to the Vietnam Leather,...

The Dung Quat Oil Refinery Plant in the central province of Quang Ngai, operated by the Binh Son Refining and Petrochemical Company (BSR), processed more than 100 million tonnes of crude oil and materials after 15 years of operations. The Dung Quat Oil Refinery Plant in the central province of Quang Ngai. (Photo: VNA) The BSC said on...