Business

VinCSS Cyber Security Services has named deputy Philip Hung Cao as its new deputy CEO. Philip Hung Cao, the new deputy CEO of VinCSS, will be responsible for driving the company’s strategic initiatives, market development, business expansion, and marketing endeavors. Photo courtesy of VinCSS VinCSS Cyber Security Services Joint Stock …

Vietnam can return to high growth rates over the medium term, as structural reforms are implemented, Division Chief of the International Monetary Fund (IMF)’s Fiscal Affairs Department Paulo Medas has said. Medas led an IMF team to Vietnam from June 14-29 to hold discussions for the 2023 Article IV consultation …

An 20.8% increase in the base salary for civil servants, public employees, and members of the armed forces from July 1 will lead to rises in prices of goods and services, which may put a pressure on curbing 2023’s inflation. In an interview granted to the Vietnam News Agency, General …

Property developers in southern Vietnam are selling off their assets despite losses to pay debts amid a slump in demand. A property developer in District 1, which develops projects in southern Ho Chi Minh City and Binh Duong Province, last month sold off one of its projects for VND300 billion …

The Vietnamese eat instant noodles more frequently than anyone in the world, with manufacturers eager to create new products to satisfy the country’s craving. The country consumed 8.48 billion servings last year, according to the World Instant Noodles Association. On average each Vietnamese ate 85 servings, or one every four …

The U.S. dollar rose against the Vietnamese dong on Monday morning and remained at the highest since March 16. Vietcombank sold the dollar at VND23,760, up 0.04% from Sunday. Other banks kept the rates stable. Eximbank sold the greenback at VND23,670, and Techcombank VND23,765. The State Bank of Vietnam’s reference …

The index of industrial production (IIP) in the first half of 2023 grew by only 0.44% compared to the same period last year due to decreasing orders, falling demand and rising input costs, according to the General Statistics Office (GSO). The office pointed out that, in the period, the IIP …

Processed fruit and vegetable exports are likely to be worth US$1.2 billion from exporting processed this year, up from $1 billion last year, according to the Vietnam Fruit Association. Their exports rose by 23% year-on-year to $356 million in the first four months of the year, Dang Phuc Nguyen, the …

Homestays in Hanoi’s rural districts and neighboring Hoa Binh Province are going on distress sale as they get few guests but still have overheads to meet. Minh, 35, of Hanoi recently put up for sale her two-hectare homestay with 400 square meters of residential space in Hoa Binh’s Cao Phong …

Vietnam continued to be the biggest rice provider to the Philippines in the first five months of this year with a turnover of $772.4 million, surging 31.1% year-on-year. During January-May, the Philippines imported 1.5 million tons of rice from Vietnam, accounting for nearly 90% of its total imported rice, according …