Listed companies’ earnings growth is expected to recover from zero last year to 10-15% this year, but with a wide variation between sectors, according to Michael Kokalari, a chartered financial analyst and chief economist at VinaCapital. Investors look at digital boards displaying stock price movements at a securities company. (Photo: VNA) His latest report Looking ahead at 2024 said...

The Thanh Cong (TC) Group, a distributor of Hyundai autos in Vietnam, sold 10,884 vehicles in December 2023, up 36.4% from the previous month, the group said on January 10. Accent was the best-seller with 2,752 units sold in December 2023. (Photo: VNA) Accent continued to be the best-seller with 2,752 units (rising 63.2%), followed by Creta (1,953 units),...

On the morning of January 10, 2024, the Provincial People's Committee organized an online conference at 3 levels (province, district, commune) to deploy main goals, tasks and solutions to direct and administer the socio-economic development plan and state budget estimates for the year 2024. Mr. Hoang Van Nghiem, Permanent Deputy Secretary of the Provincial Party Committee, Head of the...

VinFast, Vietnam's leading electric vehicle manufacturer, unveiled its new electric vehicle concept - the VF Wild - at the Consumer Electronics Show in Las Vegas (CES 2024) on January 9. The VF Wild concept displayed at the Consumer Electronics Show in Las Vegas (CES 2024) on January 9 (Photo courtesy of the company) The concept car is VinFast’s first...

The Ministry of Industry and Trade (MoIT) will roll out major measures to boost exports to the European and American markets this year, an official has said. FTAs between Vietnam and the markets have been maximised. (Photo: VNA) Ta Hoang Linh, Director of the European-American Market Department under the MoIT, said to maximise advantages and minimise challenges to both...

2023 was a challenging year for the Vietnamese automobile market as sales fell 25% year-on-year despite a 50% cut in the registration fee from July 1, according to the Vietnam Automobile Manufacturers Association (VAMA). 2023 was a challenging year for the Vietnamese automobile market. (Photo: VNA) The VAMA said on January 10 that its members sold only 301,989 vehicles...

Up to 77.41% of the adults in Vietnam have payment accounts at present, an increase from 31% during the 2015 - 2017 period, an official of the State Bank of Vietnam (SBV) cited a World Bank report as saying. Internet, mobile, and QR code payments have grown rapidly in recent years. (Photo: Viettel Money) Impressive results have been...

Nestlé Vietnam has decided to invest an additional 100 million USD in its Tri An factory in southern Dong Nai province, lifting total investment capital in the establishment to more than 500 million USD, according to its General Director Binu Jacob. A coffee production line at Nestlé Tri An factory, Dong Nai province - (Photo: baochinhphu.vn) Jacob said the...

The 1.3-billion-USD LEGO factory is scheduled to start operation in 2024, Preben Elnef, Vice President of the LEGO Group and General Manager of LEGO Manufacturing Vietnam said at his meeting on January 9 with Chairman of Binh Duong province's People’s Committee Vo Van Minh. At the meeting (Photo: VNA) Elnef said that the LEGO project is expected to complete...

Nearly 3,000 Vietnamese firms have received codes granted by China, enabling them to export farm produce and food products to the Chinese market. The Kim Thanh International Border Gate No. 2 in Lao Cai province. (Photo: VNA) According to the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam) under the Ministry of Agriculture and Rural Development...