Business

The Vietnam Confederation of Commerce and Industry has criticized a draft decree by the Ministry of Industry and Trade that seeks to limit the import of low-quality rice. The government fears too much imported low-quality rice, including broken, mainly used to make noodles, cakes, animal feed, beer, and liquor, will …

Renewable energy investors are making “great profits” but people are paying high prices for electricity, and it is necessary to harmonize the two sides’ interests, Prime Minister Pham Minh Chinh said. At a meeting with executives from the renewables industry in the southern province of Bac Lieu on Sunday, he …

Soaring e-commerce demands call for the implementation of greener, more optimized logistics activities in urban areas, said experts. The necessity to improve logistics practices was emphasized by experts at the “Cost Optimization with Logistics Hubs and Circular Economy” symposium, co-organized by BW and the Ministry of Industry and Trade within …

Lender Eximbank has more than tripled profits year-on-year for the third quarter to over VND1.278 ($51.5 million). Its net interest income doubled, and non-interest income from sources such as services and foreign exchange business grew in double digits. Its profits of for the first nine months topped VND3.18 trillion, an …

Vietnam ranks fourth in Southeast Asia in auto production in the first 10 months at 362,000 units, up 16.4% year-on-year, according to the General Statistics Office. Thailand leads the region with nearly 1.6 million units made in the period, followed by Indonesia, 1.2 million, and Malaysia, 567,700, according to the …

Unilever has started a range of programs and initiatives for a net zero value chain by 2039, contributing to Vietnam government’s net zero carbon emissions vision by 2050. In 2021, Unilever published their Climate Transition Action Plan, an ambitious and transparent roadmap to help reduce the company’s operational emissions by …

Local IPP Air Cargo has axed plans to become Vietnam’s first cargo airline, but Germany’s Lufthansa Cargo is expanding operations. In late October, IPP Air Cargo cancelled its application to launch what would have been the nation’s first cargo airline, although the company had already completed the procedures to lease …

The developer of JW Marriott Hotel Hanoi, Bitexco Group, has received incentives from city authorities which went against regulations and it should pay VND26.2 billion ($1.08 million) in land rent, the Government Inspectorate says. Bitexco Group had received land from the Hanoi People’s Committee in 2008 to construct the five-star …

Vietnam’s benchmark VN-Index closed this week with a 108-point gain as expectations of inflation being kept under control improved investor sentiment. The VN-Index closed the week 11.17% higher at 1,080.01 points with a 4.2% gain on Friday alone, the biggest in a session since the end of May. Average trade …

The JW Marriott Hotel Hanoi has received illegal incentives from city authorities and its developer should pay VND26.2 billion ($1.08 million) in land rent, the Government Inspectorate says. Bitexco Group had received land from the Hanoi People’s Committee in 2008 to construct the five-star hotel, but approval from the Hanoi …