Banks are struggling to sell defaulting borrowers’ collateral, primarily real estate, to recover the debts since the property market is sluggish. A bank in HCM City. Banks are struggling to sell collateral, mainly real estate, pledged by borrowers to recover bad debts. — VNS Photo Bồ Xuân Hiệp HCM CITY …
Read More »VN needs to develop an ecosystem to expand into lucrative Halal market
For the sustainable development of the Halal industry, Việt Nam needs to establish a full ecosystem from production, through to servicing. Bird’s nests being processed at Khánh Hoàn Salanganes Nest Company – a product of Việt Nam that gets Halal certification. — VNA/VNS Photo Vũ Sinh HÀ NỘI — It …
Read More »Difficulties in maintaining domestic consumption this year: surveys
Domestic consumption is running out of steam as consumers face uncertainties, along with changes in shopping habits. Meanwhile, businesses have reported it’s increasingly difficult to develop ways to maintain purchasing power and reduce inventory buildup, said industry insiders and economists. Shoppers at a supermarket in Hà Nội. — VNA/VNS Photo …
Read More »Workers rejoice, businesses fret as minimum wage hiked
While workers are happy to get more money following the government’s recent minimum wage hike, businesses are concerned about costs and competitiveness. More than 3,200 workers at garment firm VitaJean will receive a bigger paycheck at the start of next month, courtesy of a new government decree issued on June …
Read More »ID numbers to be needed for business registration
The Ministry of Planning and Investment (MPI) has proposed personal identification (ID) numbers will be used to carry out business registration procedures. A person registers procedures to set up a business. The use of ID number to carry out business registration procedures can save time to perform administrative procedures. — …
Read More »Favourable conditions in place for stronger fruit exports
The exports of fruits and vegetables brought home US$3.4 billion during the first half of 2024, surging 28 per cent year on year. Durian, dragon fruit, banana and longan are major contributors to fruit exports growth. — VNA/VNS Photo Hữu Chí HÀ NỘI — Fruit and vegetable exports are forecast …
Read More »Vietnam grows fastest globally in number of millionaires
The number of millionaires in Vietnam virtually doubled between 2013 and 2023, the fastest rate globally, to 19,400, a new report says. The country also has 58 centi-millionaires (those with US$100 million or more in assets) and six billionaires, according to British investment migration consultancy Henley & Partners. In terms …
Read More »Annual “Business x Technology” Platform Returns with Acclaim: BUSINESS GOVirtual Expo & Conference Set For 11-12 July 2024
Annual “Business x Technology” Platform Returns with Acclaim: BUSINESS GOVirtual Expo & Conference Set For 11-12 July 2024 HONG KONG SAR – Media OutReach Newswire – 9 July 2024 – The annual BUSINESS GOVirtual (BGOV) Expo & Conference, focused on innovation and technology, will be held on 11-12 July 2024 …
Read More »Bigo Live Vietnam Launches BIGO SUMMER 2024 Online Competition Series
Bigo Live Vietnam Launches BIGO SUMMER 2024 Online Competition Series HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 9 July 2024 – Bigo Live, the top global livestreaming platform, is hosting a thrilling online talent competition starting 11 July. Two races, one between individual hosts (11-19 July) and …
Read More »Apartments have the best liquidity in the real estate market
Batdongsan.com.vn’s survey shows that searches for apartments move in the same direction as price fluctuations. An apartment complex near the centre of Bình Chánh District, HCM City. — VNA/VNS Photo HÀ NỘI — Although apartment prices are no longer skyrocketing, this segment still records the best liquidity compared to other product segments …
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