Business

Bia Saigon has announced its sponsorship for “Vietnam, Where Are You?”, a documentary on the remarkable journey of the national women’s football team, highlighting their historic qualification for the 2023 World Cup. The Vietnam National Women’s Football Team after winning the gold medal at the 32nd SEA Games in Cambodia …

Remittances to Ho Chi Minh in the first half of 2023 topped $4.33 billion, an increase of 37% compared to the same period last year, the State Bank of Vietnam’s HCMC branch reported. The amount of remittances from Asia and Africa has grown significantly over the same period last year, …

The risks from the struggling property sector have receded, but falling foreign exchange reserves might expose Vietnam to external shocks, Fitch Ratings has said. “With interest rates having fallen back, the associated stress has peaked and worst-case scenarios that might have seen contingent liabilities migrate to the sovereign balance sheet …

In the first half of the year 6,787 C-segment sedans, as medium-sized passenger cars are categorized, were sold, a year-on-year decrease of 59.5%. The Mazda3 and Kia K3 assembled and distributed by Thaco accounted for 3,983 of them.The former was the bestseller, replacing the K3, which topped last year with …

The export of rice, fruit and vegetables to China and other markets posted surges of 34.7% and 64.2%, respectively in the first half, according to the Ministry of Agriculture and Rural Development. Director of the ministry’s Agro-Forestry-Fisheries Quality Assurance Department Nguyen Nhu Tiep predicted export growth of fruit and vegetables …

The Asian Development Bank (ADB) has lowered its GDP growth forecast for Vietnam from 6.5% to 5.8% this year due to persistent economic challenges in the Southeast Asian nation. Vietnam’s industrial and manufacturing sectors continue to face pressure from weak external demand, the bank said in a report. It also …

Nearly 50% of jobseekers expect low salaries of VND5-10 million ($211-423) a month due to the slumping economy that is experiencing high competition for low-skill jobs, a survey has found. Some12.5% of jobseekers desired the middle-income range of VND15-21 million a month, and the highest salaries of more than VND21 …

Vietnam will need US$113-135 billion to develop power plants and grid projects from now until 2030. 88% of the estimate is for power plants and the rest for the grid, the Ministry of Industry and Trade said in a proposal submitted to the government as it seeks approval to start …

The Japan Bank for International Cooperation and Mizuho Bank have agreed to provide loans of US$24 million and $17 million to retailer AEON Vietnam to fund its southern expansion. The funding will help the Japanese retail giant open a store in each of Binh Duong and Long An provinces, according …

Vietnam’s benchmark VN-Index dropped 0.09% to 1172.98 points Wednesday after eight gaining sessions. The index closed 1.11 points lower after gaining 0.96 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 5.52% to VND17.69 trillion ($748.29 million). The VN-30 basket, comprising the 30 largest capped …