Business

Satraseco, operator of HCMC’s largest garment market, will go ahead with a 50-130 percent hike in rents for stalls, but has put it off until next year. It informed protesting shopkeepers in Dai Quang Minh Market, District 5, Tuesday that hereafter it would raise rents once a year and not …

  Minister of Industry and Trade Nguyễn Hồng Diên at the 12th WTO Ministerial Conference (MC12). — Photo congthuong.vn HÀ NỘI — Minister of Industry and Trade Nguyễn Hồng Diên joined trade ministers and senior officials from 164 member countries of the World Trade Organization (WTO) at the 12th WTO Ministerial Conference (MC12) that took …

  Poster of the workshop on investment strategy in the context of the new normal and fostering reform and innovation. — Photo courtesy of the organiser HCM CITY — “Investment strategy in the context of the new normal and fostering reform and innovation” will be the main topic of a workshop …

Apple iPhone assembler Pegatron Corp plans to expand to other countries, including Vietnam, to reduce its dependence on China following the strict Covid-19 lockdowns there. “We faced Covid controls for two months. We couldn’t have assessed that in advance, so that makes me emphasize our expansion in Vietnam, India, Indonesia, …

  The VNĐ6 trillion (US$260 million) Sao Mai-An Giang Solar Power Plant in An Giang Province, with a total capacity of 210 MWp. — VNA/VNS Photo Thanh Sang Xuân Hiệp & Việt Dũng HCM CITY — The Cửu Long (Mekong) Delta will need to optimise its natural conditions to develop renewable energy …

  Võ Trí Thành *Võ Trí Thành As the trade-off between business efficiency and “going green” is diminishing, Việt Nam’s economy and enterprises are accelerating towards green and sustainable growth in line with mainstream global trends. The world is witnessing mega-trends in geo-politics, globalisation and liberalisation, climate change and innovation, with different …

Solar power panels installed in an industrial zone. VNS Photo Ly Ly Cao  Ly Ly Cao HÀ NỘI — Energy shortages are a growing concern in northern Việt Nam, especially during the summer months when power consumption spikes. The issue has been exacerbated by rising prices of input materials for power plants due …

Wind power is expected to be the spearhead for renewable energy development in the 2022-45 period. — Photo evn.com.vn HÀ NỘI — Leading companies in the renewable energy industry all recorded strong profit growth. Despite the large divergence in business results, companies still recorded impressive growth in the first quarter of …

  In the first five months of the year, Việt Nam’s textile and garment export value reached US$18.7 billion, up 23.5 per cent. — Photo nhandan.vn HÀ NỘI — Việt Nam achieved high export growth in the first five months of this year as businesses strived to promote investment in production …

HSBC has cut its inflation forecast for Vietnam from 3.7 percent to 3.5 percent, thanks to stable food supply and weaker than expected impacts of fuel costs. Food and gasoline prices are two main drivers of inflation in ASEAN, but are likely to hit Vietnam less hard than other countries, …