Business

Vietnam’s garment exports are set to rise 9% to reach $43 billion this year despite negative global economic factors. Although Vietnamese garment and textile manufacturers saw declining orders in the second half of this year due to weakening global consumption and rising inflation, exports will increase $2-4 billion from 2021, …

The U.S. dollar went up against the Vietnamese dong at most banks and the black market Monday. Vietcombank sold the dollar at VND23,800, up 0.34% from Saturday. Eximbank sold the greenback at VND23,770, up 0.30%. The rate at Techcombank is VND23,800, up 0.21%, and at ACB is VND23,900, up 0.42%. …

Customers are quality investors and shareholders of small and medium-sized enterprises (SMEs), according to Nguyen Quoc Trung, Chairman of CFM Investment Joint Stock Company (stock code: CFM). Trung said the biggest challenge for SMEs is raising capital. In the context of global economic recession, and rising bank interest rates, SMEs …

Eighty one percent of East and Southeast Asians plan to travel abroad next year despite the economic uncertainty, a survey by Hong Kong online travel startup Klook has found. The survey polled 902 people in nine markets, Singapore, Taiwan, Hong Kong, Malaysia, the Philippines, Vietnam, Thailand, Japan, and South Korea. …

Occupants of four public apartment blocks in Hai Phong City have seen their rents increased by seven to 10 times but authorities have promised a rollback. They announced the increases on December 1, saying it was to recoup the construction costs of the buildings in Ngo Quyen and Le Chan …

Eighty one percent of East and Southeast Asians plan to travel abroad next year despite the economic uncertainty, a survey by Hong Kong online travel startup Klook has found. The survey polled 902 people in nine markets, Singapore, Taiwan, Hong Kong, Malaysia, the Philippines, Vietnam, Thailand, Japan, and South Korea. …

While normally a positive time for car sales, this year the domestic automobile market is seeing gloomy days as Tet (Lunar New Year holiday) approaches. Sale manager of a Hyundai showroom Van Nam said since the end of the second quarter this year, car loans from commercial banks have had …

NVD Asia Logistics has opened an office in Ho Chi Minh City, its 9th office in Asia and first in Southeast Asia. The new office, after eight were opened last year in mainland China and Hong Kong, marked the partnership of European companies Neele-Vat Logistics and Doerrenhaus. “Vietnam has become …

Many global companies have invested or announced plans to invest billions of dollars in Vietnam this year as they show continued interest in making the country a manufacturing hub. South Korea’s Samsung Electronics earlier this month said it would increase its investment in the country from $18 billion to $20 …

The amount of remittances flowing to Ho Chi Minh City has continued to increase despite complicated geopolitical changes in the world, reaching about $6.8 billion so far. HCMC has been a leading locality in remittance inflows, with about $6.5-6.6 billion in 2021, up 9% year on year despite the Covid-19 …