Business

The Ministry of Agriculture and Rural Development (MARD) forecast that aquatic product exports will bounce back at the end of the third quarter and reach the yearly revenue target of $10 billion. It reported that in the first six months of this year, the export value of aquatic products hit …

VinFast, the subsidiary automaker of Vietnamese conglomerate Vingroup, has announced it will hold a groundbreaking ceremony of its electric vehicle (EV) factory in North Carolina, the U.S., on July 28. This will be the first EV manufacturing facility in the state and help contribute to the supply of this kind …

“Beams of sunlight” may begin to pierce Vietnam’s gloomy economic “storm” in the remaining months thanks to increasing services and retail demand boosted by relaxed government fiscal policy, analysts say. Japanese fashion brand Uniqlo is set to open its 19th store in Vietnam in Hanoi’s Cau Giay District on July …

Vietnam needs to invest VND270 trillion ($11.42 billion) by 2030 to develop infrastructure for gas and oil storage. It plans to have infrastructure to store at least 75-80 days’ requirements of petroleum products and crude oil, preferably 90 days’. It wants to build 500,000 cubic meters of crude oil storage …

The job market slump is affecting not only hundreds of thousands of unskilled workers, but even mid-level and senior managers. One month ago Hoang Le Quan, a marketing-sales manager at a building materials company in Ho Chi Minh City, decided to quit his job after being regularly fined for not …

Hydropower plants in northern Vietnam have pumped up their production by almost a quarter compared to earlier this month, to release water amid forecasts of heavy rain caused by Storm Talim. Water levels at most hydropower plants are now 10-20 meters higher than the minimum level for power production, according …

The U.S. dollar rose slightly against the Vietnamese dong Tuesday morning while globally the green back was fluctuating around a one-year low. Vietcombank sold the dollar at VND23,810, up 0.04% from Monday. Techcombank lowered its rate by 0.03% to VND23,810. The State Bank of Vietnam’s reference rate was down 0.03%. …

As much as $17 billion is needed to build two railway routes connecting to seaports, namely Lao Cai-Hanoi-Hai Phong and Bien Hoa-Vung Tau, according to the Ministry of Transport (MoT). A pre-feasibility study is underway for the Bien Hoa-Vung Tau route with 1,435mm gauge tracks. It is 128km long with …

Analysts believed that profits of almost domestic retailers hit their lowest point in the first half of this year, and the businesses are on the path to recovery. SSI Securities Joint Stock Company forecast that the companies will see a return to profit growth in the fourth quarter and in …

Property companies Novaland and Phat Dat Real Estate Development are set to be removed from the VN30 Index on the Ho Chi Minh Stock Exchange on August 7. Vietnam’s main bourse will replace them with two banking stocks. NVL of Novaland is being removed since the company failed to submit …