Business

Farmers tend to chrysanthemum pots in Sa Đéc flower village in Đồng Tháp Province. – VNA/VNS Photo MEDKONG DELTA – Farmers in two major flower villages in the Cửu Long (Mekong) Delta region, Sa Đéc in Đồng Tháp Province and Cái Mơn in Bến Tre Province, are busy planting seeds …

Vietnamese-owned businesses in Russia are seeing rising competition from Chinese counterparts as Moscow grows its economic partnership with Beijing to deal with Western punishment. Van Anh, manager of a trading company that imports food from Asian countries for distribution in Russia, said Chinese vendors have been increasing their presence in …

Ramla Khalidi, UNDP Resident Representative in Việt Nam. Photo courtesy of UNDP in Việt Nam Ramla Khalidi* “Việt Nam’s economic moment may have finally arrived,” proclaimed the Financial Times of London in a recent editorial. Rapid growth of agricultural and manufactured exports has propelled economic development for three decades, lifting …

A 50% reduction in registration fees might not cause automobile sales to surge unlike the last two times due to the current economic situation, the Ministry of Finance warned. It is drafting orders for the 50% cut in registration fees for vehicles manufactured locally for the remaining months of this …

Eleven hydropower plants in northern Vietnam have shut down due to lack of water, summarily taking 5,000 megawatts out of the grid. They include some of the countries’ largest plants such as Son La, Lai Chau and Thac Ba. Thac Ba in Yen Bai Province has 45.65 meters of water, …

Investors watching the market’s movements at the headquarters of HoSE. — VNA/VNS Photo  HÀ NỘI — Benchmark indices were mostly unchanged on Tuesday, weighed on by soaring selling pressure from foreign investors.  The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) snapped two days of gains to close lower at 1,115.97 points, down …

Two Chinese makers of energy storage systems and batteries are weighing investments worth hundreds of millions of dollars in Vietnam, industry and government sources said. The combined value of the investments could exceed $1 billion, according to one person with direct knowledge of the discussions. A growing number of Chinese …

  OCOP products are shown at a conference on connecting consumption of OCOP products held in Hà Nội on Tuesday. Photo moit.gov.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT) held a conference in Hà Nội on Tuesday connecting OCOP products to strengthen trade promotion and consumption. The conference …

By the end of November, 77 enterprises had issued bonds with a total value of approximately VNĐ220 trillion (US$9 billion). VNA/VNS Photo HÀ NỘI Significant efforts have been made to enhance the safety, health, and transparency of the corporate bond market, said Nguyễn Hoàng Dương from the Ministry of Finance. …

Four people were selected randomly among 40 to purchase apartments with spacious balconies in Ho Chi Minh City’s Binh Tan District, an unusually high demand amid a dampened property market. The four apartments were 57-89 square meters, plus a further 14-25 square meters of balcony. They were priced at VND3.6-4.9 …