Prime Minister Pham Minh Chinh received World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro, International Finance Corporation (IFC) Regional Vice President for Asia and the Pacific Riccardo Puliti, and IFC Vice President and Treasurer John Gandolfo in Hanoi on November 14. Prime Minister Pham Minh Chinh (R) and World Bank (WB) Regional Vice...

Minister of Industry and Trade Nguyen Hong Dien held a working session with World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro in Hanoi on November 14. Minister of Industry and Trade Nguyen Hong Dien (R) and World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro at their...

Honda Vietnam has revealed that its retail sales of motorcycles and automobiles in October dropped by 7.5% and 15.9% respectively compared to previous month due to market difficulties. An assembly line for the SH motorbike of Honda Vietnam (Photo: honda.com) In the reviewed period, Honda Vietnam sold 180,881 motorbikes, with 18,452 exported and 2,148 automobiles of all kinds. In...

Hanoi attracted over 2.6 billion USD in foreign direct investment (FDI) in the first ten months of this year, which made it the third largest destination of FDI in the country during the period, Deputy Director of the city’s Department of Planning and Investment Nguyen Ngoc Tu said on November 14. Workers produce sausage at the factory of the...

The Vietnam Oil and Gas Group (Petrovietnam) posted the highest revenue in October since the beginning of this year, reported its General Director Le Manh Hung at a recent monthly meeting. At White Lion oil rig (Photo: Petrovietnam) During the month, all production figures of Petrovietnam exceeded the monthly plan. The oil extraction volume reached 0.85 million tonnes,...

Vietjet has been honoured with two Korean awards, winning first place in air transportation category at "Consumer Satisfaction Brand Awards 2023" (CSBA) hosted by JoongAng Ilbo, one of the major newspapers in the Republic of Korea and "2023 Korea Consumer Best Brand Awards" (CBBA). Vietjet will open its 15th route in the RoK - Vietnam network, connecting the coastal...

Deputy Prime Minister Le Minh Khai has signed a decision approving the development strategy of the State Capital Investment Corporation (SCIC) until 2030 with a vision to 2035, as well as the business and investment plan of the firm until 2025, aiming to turn it into a financial investment organisation with the leading equity scale in Vietnam. The...

The State Bank of Vietnam (SBV) has ceased bill issue after nearly two months of using the channel to withdraw cash out of the banking system. The headquarters of the State Bank of Vietnam (SBV). (Photo: sbv.gov.vn) On November 9, 20 trillion VND (820.2 million) of bills came to maturity, but the SBV did not issue new bills...

More than 250 Vietnamese and Chinese delegates gathered at a conference in Hanoi on November 13 to compare notes on how to expand forms of connectivity and cooperation between cities and provinces along the economic corridor to boost economic development in the new situation. At the plenary discussion (Photo: VNA) The 10th conference on economic corridor cooperation among...

Despite the gloomy outlook of the global economic, Vietnamese exporters of yarn, garment, textile, and leather shoes are still seeing a brighter future as robust signs are looming on the horizon. Businesses must stay abreast of new market behaviours and trends to survive and thrive. (Photo: VNA) Robust signs According to statistics from the General Department of Vietnam...