Credit ratings agency Fitch Ratings has recently revealed upgrades for several banks, in the wake of its decision to raise Vietnam's national credit rating to BB with a long-term outlook of "Stable". Customers at a transaction point of VietinBank. Illustrative image (Photo: VNA) It upgraded the Long-Term Foreign-Currency Issuer Default Ratings (IDR) of three major banks, namely VietinBank, Vietcombank,...

Vietnamese cuisine continues to shine internationally, having secured the 22nd spot on the 100 “best cuisines in the world” list with an average score of 4.44/5 as voted by readers of the food magazine TasteAtlas. Vietnamese food among 100 best in the world. Screenshot Accordingly, Vietnam's best rated food include Pho, Banh hoi, Phu Quoc fish sauce, dragon...

Vietnam spent 2.65 billion USD on importing 111,278 cars in the first 11 months of this year, down 26.6% in volume and 22% in value annually, reported the General Department of Vietnam Customs. Illustrative image (Photo: VNA) Accordingly, Thailand, Indonesia, and China were the biggest car suppliers to Vietnam. Specifically, Thailand took the lead with 50,144 units, equivalent...

World Bank (WB) experts have suggested several things that Vietnam should do to attract foreign investment in the stock market at the recent Inter-Agency Seminar on Unlocking the Potential of Vietnam’s Capital Markets. Improvements should be made in margin trading and securities blockade before transaction, foreign ownership limit, extension of foreign room, and equal access to information to...

As many as 21 Vietnamese rubber enterprises have been branded with the trademark “Vietnam Rubber”, which was registered for the protection of intellectual property in China, India, Taiwan (China), Laos, and Cambodia. Workers of Lai Chau II Rubber JSC tap rubber latex. (Photo: VNA) According to the Vietnam Rubber Group (VRG), the export of 96 products from 33...

To gain a firm foothold in the European market, Vietnamese enterprises have been advised to soon adapt to the European Green Deal (EGD) to meet new requirements of this choosy market. Workers at Garment 10 Joint Stock Company. (Photo: VNA) According to the Vietnam Chamber of Commerce and Industry (VCCI)’s Centre for WTO and International Trade, in the...

Being the largest trade partner of Canada in ASEAN, with two-way trade topping 7 billion USD in 2022, Vietnam will play an important role as a gateway for Canadian firms to enter the region bloc that has one of the highest growth rates in the world and is expected to be the world’s consumption centre by 2030 given...

The Directorate General of Trade Remedies of India (DGTR) has received a request for anti-dumping investigation on textured tempered coated and uncoated glass products originating or imported from Vietnam, reported the Ministry of Industry and Trade’s Trade Remedies Authority of Vietnam (TRAV). Illustrative image (Photo: Internet) The products are classified under HS codes 7003.1990, 7005.1010, 7005.1090, 7005.2190, 7005.2990,...

Prime Minister Pham Minh Chinh on December 16 attended a Vietnam-Japan economic forum in Tokyo as part of his ongoing trip to the East Asian country for attendance at the Commemorative Summit for the 50th Year of ASEAN-Japan Friendship and Cooperation and bilateral activities. Prime Minister Pham Minh Chinh (centre) attends a Vietnam-Japan economic forum in Tokyo on December...

Vietnam's textile and garment products have been exported to 104 countries and territories this year – a record number, said Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang. Garment-textile usinesses have undergone significant changes but they have made efforts to diversify their export products with 36 items this year. (Photo: VNA) According to the association,...