murphy oil corporation subsidiary signs contract for lac da vang oil field development

Murphy Oil Corporation subsidiary signs contract for Lac Da Vang oil field development

Murphy Cuu Long Bac Oil Co, Ltd. (MCB), a subsidiary of the US-based Murphy Oil Corporation (Murphy), signed a contract with PTSC Mechanical & Construction on May 31 to develop the Lac Da Vang oil field.
vietnamese economy fared well in q1 despite external risks

Vietnamese economy fared well in Q1 despite external risks

The global economy is facing several headwinds, including the slowdown in China and the Eurozone as well as the US Fed's possible delay of interest rate cuts. In this context, ASEAN may be a global safe haven for economic growth. Abel Lim, head of Wealth Management Advisory and Strategy at UOB, discussed with VIR's Thanh Van the outlook of the global economic condition and its impact on Vietnam.
exporters bullish amid robust figures

Exporters bullish amid robust figures

Exporters of most major industrial products are posting upbeat results, with the electronics, footwear, wooden furniture, and garment and textile industries all witnessing a rebound.
usaid funds 11 million to help ho chi minh city achieve net zero emissions goal

USAID funds $11 million to help Ho Chi Minh City achieve net-zero emissions goal

With more than $11 million in funding through the US Agency for International Development, Ho Chi Minh City has stepped up its efforts to facilitate energy efficiency gains and develop and deploy new sources of renewable energy.
us to end duty free tariffs on vietnamese solar panels

US to end duty-free tariffs on Vietnamese solar panels

The US' duty-free tariff treatment for solar products from Cambodia, Malaysia, Thailand, and Vietnam, will end in June, according to an announcement by the White House on May 16.
vng partners with nvidia to boost cloud computing capabilities

VNG partners with Nvidia to boost cloud computing capabilities

Vietnamese technology powerhouse VNG has partnered with Nvidia to enhance its cloud computing capabilities, aligning with the US chip manufacturer's strategic push to strengthen its presence across Asia, according to a report by Nikkei Asia on May 15.
local competition and greener projects must be encouraged

Local competition and greener projects must be encouraged

The Vietnam Chamber of Commerce and Industry has announced the 2023 index results that aimed to encourage localities to pay greater attention to economic development associated with environmental protection. Marc E. Knapper, the US Ambassador to Vietnam, told VIR’s Hazy Tran about the expectations for the government and local businesses to enhance provincial competitiveness and greener projects.
us fed vice chair says interest rates should remain on pause

US Fed vice chair says interest rates should remain on pause

The US central bank should keep interest rates at their current "restrictive" levels until it sees real progress in the fight to lower inflation, a senior Fed official said Monday.
keppel corporates with fico pan united and coteccons to explore sustainable concrete solutions

Keppel corporates with FiCO Pan-United and Coteccons to explore sustainable concrete solutions

Keppel Ltd., FiCO Pan-United Concrete JSC, and Coteccons Construction JSC signed a MoU on May 11 to explore the use of sustainable concrete in Vietnam.
us commerce department reviews vietnams market economy status

US Commerce Department reviews Vietnam's market economy status

The US Department of Commerce conducted hearings to determine if Vietnam qualifies as a "market economy" on May 8. These discussions, held virtually from Washington DC, featured arguments from supporters and detractors of the designation.
vietnam welcomes us commerce departments consideration of market economys status for vietnam spokesperson

Vietnam welcomes US Commerce Department’s consideration of market economy's status for Vietnam: spokesperson

Foreign Ministry spokesperson Pham Thu Hang on May 9 said that Vietnam welcomes the US Commerce Department’s consideration of upgrading Vietnam to 'market economy' status.
uob usd likely to weaken against the vnd

UOB: USD likely to weaken against the VND

The latest Global FX and Rate Outlook from UOB Global Economics and Markets Research dated May 3 expects the USD to weaken from the third quarter of 2024. This comes after the latest Federal Open Market Committee, held April 30–May 1, and its statement conceding a lack of progress towards the 2 per cent inflation objective since the start of the year.
french court to hold hearing on ao lawsuit

French court to hold hearing on AO lawsuit

The Court of Appeal of Paris will open a hearing in early May regarding a lawsuit filed by Vietnamese-French Tran Thi To Nga against US chemical corporations that supplied Agent Orange (AO)/dioxin for the US army during the war in Vietnam.
malaysian official urges collective efforts in plastic waste fight

Malaysian official urges collective efforts in plastic waste fight

A Malaysian official has underlined the importance of collective efforts, particularly by the public, in promoting the use of reusable bags and reducing single-use plastics in the fight against plastic waste.
vietnam ready to ride us investment wave

Vietnam ready to ride US investment wave

Vietnam is on the verge of seeing a massive influx of investments from the US, and stands ready to welcome the wave.