Business

Vietnam’s steel industry needs a peculiar policy to boost development as it struggles to compete with global producers, according to the Ministry of Industry and Trade. Although Vietnamese steel manufacturers have been able to increase the exports of galvanized aluminum and steel pipes, they still have to import a large …

Sao Mai Group, a seafood export firm, has set a net revenue target for 2022 at VND8,300 billion, a year-on-year increase of 45 percent. At the 2022 annual general meeting of shareholders, the firm said it also aims for VND900 billion in profit after tax, 6.3 times higher than the …

A global shortage provides Vinfast with a “golden opportunity” to market electric cars and build its brand, Vingroup Chairman Pham Nhat Vuong said Wednesday. While there is a major shortage of cars, VinFast has received 4,000 electric car pre-orders for this year out of its plan to produce 17,000 units, …

  An FPT shop in Hà Nội. FPT climbed 3.6 per cent on Wednesday, among the top 10 shares lifting the VN-Index most. — – VnExpress News Photo Mai Hương HÀ NỘI — Shares advanced for a second day but liquidity fell to a low level, showing investors’ caution about the …

Vietnam gasoline prices scaled a new record Wednesday after authorities adjusted them upward for the fourth time in a row. The price of popular gasoline RON 95 and biofuel E5 RON 92 both rose 5.4 percent to VND29,980 and VND28,950, respectively. ($1 = VND23,000) Kerosine and diesel also cost 4.2 …

  A seafood processing line at Vĩnh Hoàn Company. — Photo vneconomy.vn HÀ NỘI — Vĩnh Hoàn Company (VHC) announced net revenue of VNĐ3.268 trillion (more than US$142 million), up 83 per cent over the same period last year. It also recorded profit after tax of VNĐ548 billion, 4.2 times higher.  Last week, VHC announced the sale of more than 1.4 …

  A user shops on Lazada. Decisive factors promoting online shopping are good price, promotions and delivery time. Photo vietnammoi.vn HCM CITY — The impact of the COVID-19 pandemic has fueled the growth of e-commerce in many countries, including Việt Nam, said Chairman of Việt Nam E-Commerce Association (VECOM) Nguyễn Ngọc …

  A booth of Việt Nam Medipharm Expo 2022. — – VnExpress News Photo Thu Trà HÀ NỘI —The 29th Việt Nam International Medical, Hospital and Pharmaceutical Exhibition (Việt Nam Medipharm Expo 2022) opened it doors at the Hà Nội International Exhibition Centre on Wednesday.  Some 150 foreign and domestic exhibitors, including those from Japan, South Korea, mainland …

The number of retail securities trading accounts exceeded the five-million mark last month. Over 230,000 new accounts were opened in April, the second highest monthly figure ever, though the VN-Index was heading downward. The number of retail accounts was equivalent to 5.24 percent of the country’s population at the end …

  A garment and textile production line at Bowker Vietnam Garment Company Ltd in the southern province of Bình Dương. The FDI sector now accounts for around 25 per cent of total social investment, 55 per cent of total industrial production value in Việt Nam. — VNA/- VnExpress News Photo Chí …