Business

Vietnam needs to issue policies to encourage and manage Battery Energy Storage Systems (BESS) for renewable projects to ensure a stable power supply, a foreign expert has advised. The country’s 20.1-gigawatt of total supply from solar and wind power projects is relatively large, but utilizing these sources is difficult due …

BEIJING, CHINA – Media OutReach Newswire – 7 December 2023 – China International Supply Chain Expo (CISCE), hosted by China Council for the Promotion of International Trade (CCPIT), was held in Beijing recently. Watch the 39-second video: https://www.ecns.cn/video/2023-12-06/detail-ihcvqepi7488707.shtml CISCE has established a new platform for global industrial cooperation and communication, …

Vinamilk shared its development journey and visions for the Vietnam dairy industry at a global dairy congress in London. Nguyen Quang Tri, Marketing executive director of Vinamilk, shared the highlights of the company’s journey of development over the last 47 years at the 2023 Global Dairy Congress held in London …

Vietnam’s benchmark VN-Index dropped 1.14% to 1,125.39 points Thursday, ending a seven-session gaining streak. The index closed 12.96 points lower after gaining 4.02 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 3.25% to VND17.35 trillion ($736.06 million). The VN-30 basket, comprising the 30 largest …

The U.S. dollar rose against the Vietnamese dong Thursday morning, continuing to stay at the highest level recorded since March 21. Vietcombank sold the dollar at VND23,730, up 0.04% from Wednesday. Techcombank raised the rate 0.08% higher to VND23,755. Eximbank maintained its rate at VND23,670. The State Bank of Vietnam …

The two remaining companies related to property developer FLC that were still traded on the Ho Chi Minh Stock Exchange have now been delisted for not submitting their financial reports. With this, FLC and all four related companies are off the stock market. FLC Stone Mining and Investment and FLC …

The disbursement of public investment funded by official development assistance (ODA) in localities in the first six months of this year has reached only 7.6% of the year’s target, according to the Ministry of Finance. Speaking at a conference in Hanoi on June 28, Truong Hung Long, Director of the …

BEIJING, CHINA – Media OutReach Newswire – 7 December 2023 – Tea is one of the world’s top three beverages. China is the world’s first country to both make and consume tea. Wuyi Mountain in China’s Fujian Province gave birth to the Chinese black tea. Wuyi Mountain in China’s Fujian …

Vietnam’s GDP grew by 3.72% in the first half, but its 4.14% growth in the second quarter was the lowest in 13 years barring the Covid-19 period. Industry and construction, one of the three main pillars of the economy, grew by just 0.44%. Services grew by 6.33% and contributed nearly …

Truong Hai Group (Thaco Group) is looking for investors to sell a 10% stake in automobile manufacturing and distributing subsidiary Thaco Auto. Nguyen Hung Minh, vice chairman of Thaco Group, said Wednesday that the sale of 10% of shares in Thaco Auto is meant to raise funds for production and …