Business

Việt Nam is now positioned as a significant player in the global semiconductor market, with hardware and electronics exports projected to reach US$135 billion in 2024, representing over 30 per cent of total exports. The country ranks 12th globally and third in ASEAN for semiconductor exports and is the sixth …

Vietnamese leading investors like Vingroup, TH Group, FPT, and Vinamilk have affirmed their intention to continue expanding their investments abroad in the coming time, given their effective business activities in the host countries. Military-run telecommunications group Viettel invests in Myanmar. The outlook for Việt Nam’s overseas investment is expected to …

Thailand is focusing on attracting long-stay visitors who are willing to spend more to boost average spending. Starting on July 22 Southeast Asia’s second largest economy launched its Destination Thailand Visa, allowing eligible travelers to stay for up to 180 days and valid for five years. It is the latest …

Looking ahead to 2030, Việt Nam aims to enhance engineer involvement in semiconductor design, packaging and testing, train 50,000 semiconductor engineers and develop 1,300 internationally-qualified lecturers. Key strategic actions include investing in infrastructure, boosting R&D, attracting talent and fostering international collaboration. ccc

Xpeng Aeroht, a subsidiary of the Chinese electric vehicle manufacturer Xpeng, has successfully raised $150 million to advance the production of flying cars and is pursuing additional funding. In a press release on Monday, the company announced its plans to establish the world’s first modern assembly line dedicated to the …

Vietnam’s benchmark VN-Index rose 1.87% to 1,210.28 points Tuesday, returning to a key sentimental level after plunging to a three-month low Monday. The index closed 22.21 points higher after dropping 48.53 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 31% to VND16.35 trillion …

Vietnamese travel companies have canceled most tours to Israel, Palestine and Iran due to safety concerns in the Middle East after the assassination of a Hamas leader. Max Vu, CEO of Fit Tour, which specializes in Middle Eastern and North African tours, announced the cancellation of a tour to Iran …

Durian has ranked seventh in a list of the 26 best fruits in Southeast Asia as voted by readers of international food magazine TasteAtlas. The fruit received a rating of 3.6 out of 5. “Often dubbed the king of fruit, durian is an unusual tropical fruit that grows throughout Southeast Asia. A large …

The Hanoi Stock Exchange held 20 auctions of government bonds in July, raising over VND36.5 trillion (US$1.45 billion). The bonds were offered for five terms, including 5, 10, 15, 20, and 30 years, with the 10-year bonds traded the most and accounting for 82%. Interest rates for bonds with 5-, …

Vietnam gold price fell 1% Tuesday morning as bullion are sold off globally amid mounting economic concerns. The national brand Saigon Jewelry Company gold bar was sold at VND79 million per tael ($3,144.28) at the time of publishing, compared to VND79.8 million Monday afternoon. Domestic price is now around 7.5% …