Vietnam is looking to work closely with foreign firms such as Samsung and Toyota to boost the supply of parts within the country, according to the Ministry of Industry and Trade. The ministry said major industries including car manufacturing, electronics, textiles and footwear were high on the priority list this year. The objective is to […]
Read MoreThe five companies holding the largest commodity brokerage market shares in Vietnam sustained their positions in 2021, according to the Mercantile Exchange of Vietnam (MXV). The Gia Cat Loi Commodity Trading JSC was the biggest with 35.6 percent of the total transaction volume, followed by the Ho Chi Minh City Commodity Trading JSC (HCT) 18.2 […]
Read MoreThe market is completely new after Covid-19. All players, small and large, will be at the starting point. Those who have a good start will obtain more market share. “Move up, even just one centimeter. Slow means losing,” said Nguyen Quoc Ky, Chair of Vietravel Holdings at a recent workshop on risk management held by […]
Read MoreThe government of Laos now owns a 60 percent share in Vietnam’s Vung Ang Port, up from its previous 20 percent stake. A share transfer agreement for the Lao government’s 60 percent ownership in Vung Ang Port was revealed during the 44th meeting of the Vietnam-Laos Inter-Governmental Committee on Bilateral Cooperation, held in Hanoi yesterday, […]
Read MoreIn October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bao Viet Securities Company. But things changed in early November when the rates showed signs of rising after a very long […]
Read MoreAlthough much of the economy was impacted by the fourth wave of COVID-19 in 2021, Viet Nam’s imports and exports reached a record of nearly US$670 billion, an increase of almost 23 per cent from 2020. This rise has put Viet Nam into the top 20 leading economies in terms of international trade. Minister of […]
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