Business

Thuan, who in 2018 had hugged his wife and cried inconsolably, because he was broke after three years of running restaurants, recently signed a US$5-million export deal. Nguyen Duc Nhat Thuan, 32, said the contract, valid until 2026, would enable him to export millions of packs of the porridge to …

Exports of fruits and vegetables in the first seven months rose 69% year-on-year to $3.25 billion and surpassed last year’s total of $3.16 billion. The surge came as demand from China jumped, especially for fresh durian, thanks to a protocol signed between the two countries in September last year, according …

Diana Unicharm, a leading personal hygiene products manufacturer, is set to distribute Japanese cat food brand Silver Spoon. Takahiro Okada, CEO of Diana Unicharm, said the company would import the product from Japanese joint venture partner Unicharm and sell it through supermarkets, pet stores and e-commerce platforms in Vietnam. Since …

The U.K. is set to recognize that Vietnam’s industries are operating in a market economy and will not impose unfavorable rules should they be investigated under trade defense measures. The Trade Remedies Authority of Vietnam said that the U.K. will announce the recognition after joining the Comprehensive and Progressive Agreement …

The Hong Kong billionaire Cheng family has taken over the Hoiana casino in the central province of Quang Nam. It had been owned by gambling kingpin Alvin Chau, who was arrested in his native Macau in 2021 and sentenced to 18 years in prison earlier this year for organizing illegal …

Vietnam has signed a deal with Laos to import around 20 million tons of coal a year for the next five years. The memorandum of understanding was signed for the purpose Thursday by the Vietnamese Ministry of Industry and Trade and the Lao Ministry of Energy and Mines. Laos has …

Vietnam’s energy security faces major challenges due to insufficient domestic supply and the increasing need for imports, said Minister of Industry and Trade Nguyen Hong Dien. Speaking at a meeting with a supervisory delegation of the National Assembly Standing Committee on energy development on Friday, he said from being an …

The rising demands for rice in international markets and higher prices are benefiting rice exporters as the number of orders has increased sharply. In the first six months of the year, rice exports reached 4.27 million tonnes worth $2.3 billion, up 22.2% in volume and 34.7% in value over the …

Authorities of the northern province of Bac Giang have approved a detailed plan to expand its biggest industrial park Quang Chau by 21%. An additional 90.5 hectares will be added to the park, which now covers over 420 hectares. The expansion is set to cost nearly VND1 trillion ($42.27 million). …

Vietnam is seeking opportunities to enter the US$7-trillion Malaysian Halal market by exporting food products to its Muslim-majority neighbor. Prime Minister Pham Minh Chinh told his Malaysian counterpart Anwar Ibrahim on Thursday that Vietnam is ready to be a sustainable and long-term rice provider to Malaysia. Vietnam also wants Malaysia’s …