Business

The deputy speaker of the Chamber of Deputies of the Czech parliament visited Home Credit’s office and congratulated the company on its 15th anniversary in Vietnam on May 26. Jan Bartosek, deputy speaker of the Chamber of Deputies, and his delegates commended Home Credit, the leading digital finance company in …

Vietnam’s import-export value in the first five months of this year was estimated at $262.54 billion, down 14.7% year-on-year, with a trade surplus of $9.8 billion, according to the General Statistics Office (GSO). In the period, Vietnam exported about $136.17 billion worth of goods, a year-on-year drop of 11.6%, while …

Agro-forestry-aquatic product exports were estimated at $20.26 billion in the first five months of 2023, down 11.1% year on year, according to the Ministry of Agriculture and Rural Development (MARD). Meanwhile, the country’s imports also dropped 8.7% to $13.15 billion, resulting in a five-month trade surplus of $3.55 billion, falling …

Vietnam’s 10 most active property developers and architecture firms were honored with the annual BCI Asia Awards on May 26. The portfolios of the top developers are valued at US$4.5 billion, and that of the elite architecture firms at $6.1 billion worth of properties scheduled for construction in Vietnam this …

It takes a company 32.2 hours and VND3.8 million (US$162) on average to complete a single administrative procedure related to property development, a survey has found. The Administrative Procedure Compliance Costs Index, which surveyed 3,092 businesses last year, found that, with the national database on property incomplete and a lack …

Fruit and vegetable export turnover rose 29% year-on-year to $1.9 billion in the first five months of this year, according to the Vietnam Fruit Association. Among the top 10 fruit and vegetable export markets, China, the U.S., the Netherlands, and Malaysia have the strongest growth, with China importing $805 million …

The registered capital of new businesses in the first five months was 15% lower than in the same period in 2019 VND568.70 trillion ($24.23 billion), showing the impact of economic challenges on companies. It fell 25% year-on-year, according to the General Statistics Office. The capital was registered by a total …

The General Statistics Office (GSO) on May 29 announced that the May consumer price index (CPI) increased by 0.01% month-on-month mostly due to increases in prices of food, electricity, and water. The May CPI increased by 0.4% compared to December 2022 and 2.43% from the same period last year. The …

Cake by VP Bank was the only digital bank to win an award at the Vietnam Outstanding Banking Award 2023. The award was based on votes by the judging panel including regulatory agencies, and experts in finance, banking and IT. The event is a prestigious one in Vietnam’s finance and …

Newly registered foreign direct investment (FDI) surged nearly 28% year-on-year to $5.3 billion in the first five months. Share acquisitions among FDI projects rose 67% to $3.3 billion, according to the Ministry of Planning and Investment. But modified capital, which happens when an investor changes their investment from the original …