Business

Vietnam’s agro-forestry-aquatic product exports raked in $24.59 billion in the first six months of 2023, while the country’s imports reached $19.96 billion, according to the Ministry of Agriculture and Rural Development (MARD). Five products with the highest trade surplus include wood and wood products with a trade surplus of $4.95 …

The first batch of fresh lychee has arrived in the U.S., opening up big opportunities for the specialty and other Vietnamese fruits to conquer the demanding market. Thanks to coordination between importer LNS International Corporation and the distributor L&V Food Supply Company in Houston, Texas, fresh lychee grown in the …

Prudential, MB Ageas Life, Sun Life, and BIDV Metlife are guilty of misleading customers, who do not understand what they are buying, Ministry of Finance investigators have said. Some of their typical violations include not providing consultancy directly to customers and not fully guiding customers in paperwork, they concluded Friday …

An individual needs an income of at least VND25 million (US$1,060) a month to be able to buy a home in Ho Chi Minh City, according to an analyst. That would be sufficient to pay the mortgage for a 50-square-meter apartment with one bedroom situated around 15 kilometers from downtown, …

A group of Eximbank shareholders has called for the dismissal of chairwoman Do Ha Phuong just two days after recommending her appointment. The group, represented by Tran Hoang Ninh, wrote to the bank’s board of directors Friday. Ninh claimed Phuong showed signs of taking advantage of shareholders’ trust for her …

Masan Group achieved two categories in the Top 50 Corporate Sustainability Awards (CSA) for its ESG performance. At the awards held on June 29 by Nhip Cau Dau Tu Magazine, Masan Group was honored with prestigious recognition for two categories: sustainable resource management and outstanding risk management platform. Masan Group, …

In the second quarter, 217,800 workers were laid off in the textile and garment, footwear, woodwork, and electronic components industries mainly due to lack of orders. Most had worked in places with many industrial parks and export processing zones such as Binh Duong Province and Ho Chi Minh City in …

Ho Chi Minh City has extended its annual “Shopping Season” campaign from one to three months to stimulate demand for consumer goods amid the difficult economic situation. Its Department of Industry and Trade said the promotion, which began on June 15, would be extended to September 15, with 3,000 companies …

Foxconn (2354.TW) is set to invest about $250 million in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world’s largest contract electronics assembler and local authorities said on Friday. The move confirms Foxconn’s global plans to become a player in the EV …

The price of avocado 034 from the Central Highlands, Vietnam’s largest avocado-growing area, has dropped 20% year on year thanks to oversupply and low demand during tough economic times. The unique varietal is currently selling for VND15,000-30,000 (US$0.64-1.27) per kilogram at markets and on the streets of Ho Chi Minh …