business news

Update news business news

Gold business licences to be revoked if there is no e-invoice compliance

Many jewellery businesses do not issue invoices and customers pay directly in cash.

Police continue urging victims to come forward in $1b bond fraud

Police are continuing to urge victims to come forward and provide any relevant information and documents in a VNĐ30 trillion (US$1.18 billion) bond fraud case, part of what is considered the largest financial scandal in Vietnam’s history.

Robust opportunities for US exports of agricultural products to VN

The US exported $3.1 billion in agricultural products to Vietnam in 2023, the third largest agricultural exporter to Vietnam after China and Brazil.

Foreign capital outflows continue, Korean & Taiwanese investments boost stocks

Taiwanese and Korean capital flowing through ETFs into Việt Nam experienced a positive surge, according to data from FiinTrade.

US company Marvell sets up semiconductor design center in Da Nang

US company Marvell Technology, Inc., which offers infrastructure semiconductor solutions, has announced the opening of a new design centre in Da Nang City.

Central bank to inspect gold trading activities

The State Bank of Vietnam (SBV) on May 17 issued a decision to inspect the compliance with policies and laws in gold trading activities of credit institutions and gold trading enterprises.

More gold bullion auctions slated for May 21, 23

The State Bank of Vietnam (SBV) on May 17 announced that it will hold two more gold auctions on May 21 and 23, each will offer 16,800 taels of SJC-branded gold bars.

Domestic brewers struggle to recover amidst ongoing challenges

Beverage companies are currently operating at less than 80 per cent of their pre-pandemic capacity.

Exchange rate stabilised but losses significant due to surging dollar

The dollar has surged by 5.9 per cent against the VNĐ since the beginning of the year, severely hurting domestic businesses’ financial performance in the first and second quarters of 2024.

Businesses still have questions about emission-reduction management

Many issues related to emission reductions remain unclear for businesses and experts, including questions on licensing procedures for enterprises taking stock of greenhouse gas emissions, and on quota allocation and carbon credit management.

Vietnam succeeds in blocking cash flow to 'dirty' ads

Celebrities, YouTubers and TikTokers will be refused by advertising agents and brands if they post ugly and inappropriate statements and actions on the internet.

More must be done to support VN’s suppliers

Vietnamese suppliers have been becoming more reliable partners to numerous FDI large businesses in the country in recent years, said industry leaders and economists.

Vietnam needs to set national standards for food packaging quality

Local enterprises need to understand that besides the quality of products, packaging quality also has a significant impact on the process of exporting goods to overseas markets.

12,300 taels of SJC gold released to the market on May 16

This is the highest volume of gold that was successfully bid on across the four completed auction sessions.

Gov’t to propose an extension to payment deadline for Vietnam Airlines

Under the Government's proposal, the National Assembly will allow the State Bank of Vietnam to extend the refinancing loan repayment deadline for credit institutions that lend to Vietnam Airlines.

Prices stay high, but Vietnam’s rice selling well

The General Department of Customs (GDC) reported that Vietnam exported more than 1 million tons of rice last April, worth $620 million.

HCM City leads nation in 2023 export earnings: Report

Ho Chi Minh City continued to lead the country in terms of export earnings in 2023 with 42.46 billion USD, although this result still decreased by 10.8% compared to 2022.

VN livestock association wants to delay greenhouse gas inventory

The Animal Husbandry Association of Vietnam (AHAV) has stated that this is not the appropriate time for the livestock industry and facilities to be subject to greenhouse gas stipulations.

Proposal to build Da Nang Free Trade Zone to drive regional development

The free trade zone will implement experimental policies and mechanisms to attract investment to the area.

VN needs more solutions to stabilise gold market: public security ministry

With domestic gold prices skyrocketing in recent weeks, the central bank resumed gold bar auctions in late April, after a pause of 13 years, in a bid to rebalance the market through increasing supply.