Business

SingaporePSL Cashew, one of the leading Vietnamese cashew processors and exporters, received the “Product of the Year” award in the food category at the Asian Export Awards 2023 , alongside Coca-Cola, Kraft Heinz, and Pepsi. The representative of the organizing committee (L, 2nd) handed the “Product of the Year” award …

Vietnam Payment Solution Joint Stock Company (VNPAY) was honored among the top 40 best places to work in Vietnam. Nguyen Thi Ngoc Phuc (C), Human Resources Director, represented VNPAY to receive the award for the Top 40 Best Places to Work in Vietnam. Photo courtesy of VNPAY The company was …

Prime Minister Pham Minh Chinh wants Turkey to start negotiating a free trade agreement with Vietnam to establish a deeper trade partnership between the two countries. The Vietnam PM stated his request in a meeting with Turkey Minister of Trade Omer Bolat in Ankara Wednesday as he began a two-day …

A Ministry of Information and Communications unit issued a penalty against media firm WPP Media Limited (GroupM) on Wednesday for a third cross-border advertising violation this year. GroupM received a VND35 million ($1,442) fine for posting YouTube ads that contained illegal content according to Vietnam’s cybersecurity law. The ad was …

Vietnam Electricity has sought the Government’s permission to hike power tariffs soon saying production costs have risen sharply. The average electricity price was increased by 3% on May 4 to VND1,920.37 (8 U.S. cents) per kilowatt-hour (kWh). But the cost of production had surged by 9.27% last year to VND2,032.26, …

The Ministry of Agriculture and Rural Development has forecast that Vietnam’s rice exports will reach about 7.2 million tonnes in 2023, bringing home more than $4 billion. Deputy Minister of Agriculture and Rural Development Tran Thanh Nam said India’s rice export ban brings an opportunity for Vietnamese rice export at …

Vietnamese coal enterprises prospered in the second quarter due to the high demand for the resource for thermal power. Deo Nai Coal JSC (TDN) reported a profit of VND15.6 billion (over $659,000) in the second quarter of 2023, 38 times higher than the figure of more than VND400 million in …

Vietnam attracted approximately $16.24 billion in the first seven months of this year, up 4.5% year-on-year, according to the Foreign Investment Agency under the Ministry of Planning and Investment. In the period, there were 1,293 newly-registered projects with a combined capital of $7.94 billion, up 75.5% in the number of …

Vietnamese electric vehicle maker VinFast said on Friday it is planning to list in the U.S. next month via a blank-cheque company after the Securities and Exchange Commission (SEC) gave the go ahead to its proposed business combination. VinFast, a unit of Vietnam’s biggest conglomerate Vingroup (VIC.HM), announced in May …

Vietnam’s benchmark VN-Index rose 0.86% to 1207.67 points Friday. The index closed 10.34 points higher after losing 3.51 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 3.45% to VND21.91 trillion. The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers gain. KDH …