The Petrovietnam Power Corporation (PV Power) has produced more than 240 billion kWh of electricity in the past 15 years, contributing to ensuring national energy security, the firm reported. At Nhan Trach 2 power plant run by PV Power (Photo: VNA) With the result, the firm earned more than 350 trillion VND (14.78 billion USD) in revenue, with profit...

Hoa Phat Group has signed a contract to export 10,000 tonnes of steel wire in coil form to Europe. Hoa Phat to export long steel products to Europe. (Photo: Hoa Phat Group) This is the first order of long steel products from Europe, opening up a potential market for Hoa Phat steel products. According to a representative of Hoa...

The Asian Development Bank (ADB) has signed a 107 million USD financing project with BIM Wind Power Joint Stock Company (BIM Wind) to assist the operation of an 88 MW wind farm in the south central province of Ninh Thuan. Illustrative photo (Source: VNA) According to a press release by the bank, the power plant will help Vietnam reach...

The volume of Vietnam’s pepper exports to important markets has decreased this year, but the country has retained its top spot in the global rankings, heard a conference held in Ho Chi Minh City on December 21. A farmer harvests peppercorns. (Photo: VNA) At the event held by the Vietnam Pepper Association (VPA), experts discussed the promotion of the...

Apple plans to move some MacBook production to Vietnam for the first time next year as the US tech group continues diversifying its production base, Nikkei Asia has reported. A 2022 MacBook Air model of Apple (Photo: AFP/VNA) The newspaper cited some sources as saying that Apple has tapped its top supplier, Taiwan's Foxconn, to start making MacBooks in...

The first batch of VF 8 electric vehicles manufactured by VinFast, the first Vietnamese electric vehicle (EV) producer, arrived in the US on December 20 as the vessel Silver Queen docked at the Port of Benicia in California. The first batch of Vinfast's VF 8 electric cars arrives in the US. (Photo: VNA)   The company has also...

Vietnam is on track this year to bump Britain from its long-time place among the US’s top seven goods trading partners, according to an article run by Bloomberg on December 19. Hoa Phat galvanized steel products for export (Photo: VNA) The article cited data from the US Census Bureau showing that the UK’s share of the US merchandise...

President Nguyen Xuan Phuc’s visit to Indonesia from December 21-23 is expected to create new opportunities for Vietnam-Indonesia relations, particularly bilateral trade which is expected to reach 15 billion USD by 2028. Workers make garment products for export. (Photo VNA) According to the Asian-Africa Market Department under the Ministry of Trade and Industry, Vietnam-Indonesia trade revenue sees positive...

Following two years of low sales during Tet (the Lunar New Year), things are expected to look up for the fast moving consumer goods industry this time around since the Vietnamese economy has recovered and consumers have a positive outlook on economic prospects, according to market research company Kantar Worldpanel Vietnam. FMCG sales during the 2023 Lunar New...

The proportion of Japanese enterprises that intend to expand their investment in Vietnam in the next one to two years is 60%, up 4.7 points from the previous year and the highest among Southeast Asian countries. The proportion of Japanese enterprises that intend to expand business in Vietnam in the next one to two years is 60%, the...