Vietnam has surpassed the Republic of Korea to become the world’s sixth largest fibre and yarn exporter after shipping abroad 2.37 billion USD worth of these items in the first five months of 2022. The yarn factory of the Hue Textile - Garment Joint Stock Company (Photo: VNA) The revenue increased 10% from a year earlier, according to...

Vietjet and Rolls-Royce have inked a 400 million USD contract to provide the Trent 700 engines and TotalCare®, Rolls-Royce’s technical and maintenance engine services, to power up to 10 A330 aircraft. Illustrative image (Source: VNA) Signing for the deal took place during the 2022 Farnborough International Airshow in the UK. The Trent 700 is the engine specifically designed...

The demand for IT personnel continues to soar given a rising recruitment need seen across many sectors serving post-pandemic business recovery and growth, according to a report on the Vietnamese labour market in the 2nd quarter by the payroll, recruitment & outsourcing agency Andeco Vietnam. On-site training of an IT enterprises. (Photo: VNA) According to Nguyen Thu Ha,...

Recently, the banking industry in the province has actively deployed online payment applications and many incentives to encourage customers to use cashless payments. Along with that, the banking system has actively implemented many solutions to ensure security and safety in operations. At Bank for Agriculture and Rural Development of Vietnam, Lang Son Branch (Agribank Lang Son), in recent years,...

The Ministry of Transport (MoT) has approved 12 sub-projects of a mega project to build the eastern section of the North-South Expressway in the 2021-2025 period. Illustrative image. (Photo: VNA) These sub-projects will cover a total length of 723.7km, including sections of Ha Tinh – Quang Tri (260.9km), Quang Ngai – Nha Trang (352.06km), and Can Tho – Ca...

Many real estate businesses have returned to the bond channel to raise capital after an absence in April, mobilising thousands of billions of Vietnamese dong. Illustrative image (Source: VNA) Data of the Vietnam Bond Market Association (VBMA) shows that in May, real estate businesses began to return to find capital on the bond channel and accelerate bond issuance in...

Vietnam’s total import-export value topped 403 billion USD as of July 15, with a trade deficit of around 1 billion USD. Vietnam’s total import-export value topping 403 billion USD as of July 15 (Photo: VNA) According to the General Department of Customs, in the period, the country earned 201 billion USD from exports, while spending 202 billion USD on...

Vietnam's textile-garment producers target to earn up to 21 billion USD from exports in the second half of 2022, raising total shipments of the year to around 42 – 43 billion USD, Chairman of the Vietnam Textile & Apparel Association (VITAS) Vu Duc Giang told a press conference on July 21. Vietnam's textile-garment producers target to earn up to...

Exporters of wood products need to have sustainable timber sources and use advanced technologies to reduce labour, a trade show heard in Ho Chi Minh City. A visitor at the ‘HCM City Products Week 2022: Handicraft & Home Décor’ that opened on Tuesday. (Photo courtesy of the HCM City Trade and Investment Promotion Centre) Speaking at the opening of...

Leaders of the Los Angeles International Airport (LAX) - the fifth-busiest airport in the world – have showed their interest in opening a direct air route connecting the US city with Ho Chi Minh City. Tan Son Nhat international airport (Photo: VNA) They had a meeting with a high-ranking delegation of Ho Chi Minh City led by Chairman...