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Banks predict increased profits in 2024

11-03-2024 18:02

With the low-interest rate environment and resumed credit growth, banks are expecting a rosier profit picture this year compared to 2023.

Sembcorp hands Phu My 3 over to EVN

11-03-2024 15:05

Singapore’s Sembcorp Industries, through its 67 per cent-owned joint venture Phu My 3 BOT Power Co. Ltd., handed over Phu My 3 Power Plant to Vietnam Electricity (EVN) on March 8.

New Land Law important to national development: experts

11-03-2024 09:52

The revised Land Law, which was passed at the 15th National Assembly’s fifth extraordinary session, holds great significance in the country’s political, socioeconomic life and national defence and security as well as has impacts on people from all walks of life and the business community.

Thailand seizes over 10,000 illegal vapes

11-03-2024 09:36

Thai authorities have arrested eight suspects and confiscated more than 10,000 e-cigarette and vaping devices in a raid at Number One market near Ramkhamhaeng University (Bangna Campus) in Bangkok.

Citizen protection carried out for Vietnamese sailors on ship attacked on Red Sea

08-03-2024 15:21

The Vietnamese Embassy in Egypt and Djibouti is taking citizen protection measures for Vietnamese sailors working on the Barbados-flagged True Confidence cargo ship which was struck by a Houthi ballistic missile off the coast of Yemen on March 6.

Bao Minh Insurance team up with technology partner Hillridge to offer insurance for farmers

08-03-2024 14:34

Australian insurtech firm Hillridge launched a new partnership with Bao Minh Insurance on March 7 that offers its new Typhoon Index Insurance product, a Vietnam-first new parametric product to protect Vietnamese acacia timber farmers from the nation's devastating typhoons.

UK-Vietnam trade pact already demonstrating value

08-03-2024 12:29

The United Kingdom-Vietnam trade relationship is poised to reach new heights, buoyed by the celebration of 50 years of UK-Vietnam bilateral relations last year, guided by the continued implementation of the UK-Vietnam Free Trade Agreement (UKVFTA), and further boosted by the UK joining the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).

What’s behind VinFast’s investment ambitions in India?

08-03-2024 12:15

VinFast’s decision to open a manufacturing plant in India as a strategic manoeuvre that not only leverages the potential of a burgeoning electric vehicle market but also positions the company favourably against future competitors.

Averting family business shift pitfalls

08-03-2024 11:52

Between 2019 and 2022, a significant number of family conglomerates in Vietnam orchestrated a shift of operations towards their children. In 2023, despite not being as prominent, this wave continues amid various economic and social challenges. It is undeniable that the evolution in business dynamics calls for a transition, yet the journey is not always smooth sailing within the confines of Vietnamese family clans.

Progress underway for exporting wind power from Vietnam to Singapore

07-03-2024 15:33

The Singaporean government continues to facilitate the project to export 1.2GW of offshore wind power from Vietnam to Singapore.

Auscham chief lifts lid on Vietnam's potential

07-03-2024 08:54

While Prime Minister Pham Minh Chinh attends a summit commemorating 50 years of ASEAN-Australia relations during his first official visit to Australia and New Zealand, Simon Pugh, president of the Australian Chamber of Commerce in Vietnam (Auscham), talked with VIR’s Bich Ngoc about the prospects of attracting Australian investment to Vietnam.

Philippine officials suspended over rice scandal

06-03-2024 17:20

The Office of the Ombudsman has ordered the preventive suspension of the National Food Authority (NFA) head and 138 other officials and employees for their alleged involvement in a sale of rice buffer stocks, Philippine Agriculture Secretary Francisco Tiu Laurel said on March 4.