Business

  Plastic tubes produced by Bình Minh Plastics Joint Stock Company (BMP). BMP declined 5.4 per cent last week. — Photo ongbinhminh.vn HÀ NỘI — Analysts from securities firms have cautious views of the market this week as the uptrend is said to be weakened and may continue to correct down. Therefore, …

  A customer at a VPBank office. Credit of credit institutions rose by 5.04 per cent at the end of the first quarter this year. VNA/VnExpress News Photo HÀ NỘI — Credit growth of credit institutions was quite positive at 5.04 per cent at the end of the first quarter of this year, …

  Many stalls at An Đông Market in HCM City’s District 5 remain closed. — Photo tuoitre.vn HCM CITY — Trần Kim Thu, who owns a clothes stall in Bến Thành Market in HCM City, says: “The maximum sales per day now are only around VNĐ2 million (US$87). It must be …

  A worker extracts latex rubber. The world’s rubber output will reach around 14.6 million tonnes in 2022. Photo congly.vn HÀ NỘI — The Association of Natural Rubber Producing Countries (ANRPC) has been developing a Sustainable Price Mechanism (SPM) to ensure the viability of natural rubber supply chains. As a member of …

   A wind farm in the southern province of Ninh Thuận. VNA/VnExpress News Photo Công Thử HÀ NỘI — The Ministry of Industry and Trade (MoIT) has put forth a proposal to start auctioning solar and wind energy projects that did not complete the technical test phase prior to October 31, …

  Vietnamese’s Google search interest for cryptocurrency increased sharply during the pandemic. — File Photo HÀ NỘI — Google searches for “cryptocurrency” increased sharply in recent years as Vietnamese sought investment channels, especially during the pandemic with social distancing measures in place, which forced people to stay home. A recent report of …

  A sugarcane farm in Việt Nam. The total area of sugarcane farms in the country has contracted steadily over the past 10 years due to smuggled sugar. Photo tuoitre.vn HÀ NỘI — The Vietnam Sugar and Sugarcane Association (VSSA) has reported that the volume of sugar exported to Việt Nam …

  Workers make garment products for export at Hưng Việt Ltd., Co. in Hưng Yên Province. The textile and garment industry is expected to thrive this year, recording high export turnover. — VNA/VnExpress News Photo Trần Việt HÀ NỘI — Despite the devastating impact of the COVID-19 pandemic, Việt Nam’s textile and garment …

  Fitch forecasts Việt Nam’s GDP growth in 2022 to accelerate to 6.1 per cent from 2.6 per cent in 2021, which is driven by strong exports. GDP growth of 7 per cent is one of the target set in the Sovereign Rating Improvement Project. VNA/VnExpress News Photo HÀ NỘI …

Many European and Asian headquartered multinational giants are rushing to invest in Vietnam’s industrial parks to start new production or expand operations, showcasing confidence in the country’s growth potential. At the end of the first quarter, German lubrication giant Fuchs Petrolub announced the expansion of its Vietnam operations, renting a …