Foreign money has been the main driving force behind large mergers and acquisitions this year. Last week U.S. investment firm Nebula Energy’s liquefied natural gas subsidiary AG&P LNG acquired a 49% stake in the Cai Mep LNG Terminal in Ba Ria-Vung Tau Province, according to its owner, energy firm Hai Linh Company. The terminal is […]

• Share:

HANOI — Vietnamese Prime Minister Pham Minh Chinh on Thursday met with the country’s top businesses to discuss measures to shore up economic activity amid weak bank lending, the government said.    Vietnam’s Prime Minister Pham Minh Chinh speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. […]

• Share:

Export value in Jan-Feb rose 15 per cent to $5.2 billion.   Vietnam’s garment and textile industry targets posting export revenue of $44 billion this year, for a 9 per cent increase compared to 2023. Figures from the General Statistics Office show that the sector recorded export value of $5.2 billion in the opening two […]

• Share:

Vietnam has the fifth fastest growing ultra-high-net-worth population in the Asia–Pacific, and their number will reach 1,000 by 2028, property consultancy Knight Frank has forecast.    A luxury fashion shop in Hanoi. Photo by VnExpress/Phuong Anh  The number of UHNWIs, whom it defines as those with net assets of over US$30 million, would increase by […]

• Share:

The total retail sales of goods and consumer service revenue in February increased by 8.5% year-on-year to VND509.7 trillion (US$20.63 billion), according to the General Statistics Office.   A woman shops at a supermarket in Ho Chi Minh City in January 2023. Photo by VnExpress/Thanh Tung The figure contributed to a year-on-year rise of 8.1% […]

• Share:

Barriers and challenges remain as businesses led by women often face difficulties in terms of development scale with the majority of them being small or medium-sized, or operating in the informal sector of the economy. President Võ Văn Thưởng during a meeting with Vietnamese businesswomen in Hà Nội. VGP Photo HÀ NỘI Increasing women’s participation […]

• Share:

Vietnam exported US$4.78 billion worth of rice in 2023, up 36.6 percent in value year on year, marking a record high for outbound rice shipment value in the past several years, heard a conference held in Da Nang City on Wednesday.    Some varieties of Vietnamese rice are on display at an international rice conference […]

• Share:

Vietnam shipped an estimated US$9.84 billion worth of agro-forestry-fishery products overseas during the first two months of the year, marking a 50-percent rise against the same period last year, according to the Ministry of Agriculture and Rural Development.   Vietnamese Minister of Agriculture and Rural Development Phung Duc Tien. Photo: Chi Tue / Tuoi Tre  […]

• Share:

The Vietnamese real estate sector has pushed through its toughest times and is steadily increasing momentum, according to a report sent by the Ho Chi Minh City Real Estate Association (HoREA) to the Ministry of Construction on Tuesday.   Apartment buildings in Ho Chi Minh City. Photo: Ngoc Hien / Tuoi Tre The period from […]

• Share:

Non-cash payment transactions increased by 63.3% in volume and 41.45% in value in January, compared to the same period last year, the State Bank of Vietnam (SBV) has announced. Việt Nam saw an impressive 8.5% increase in February, marking a significant boost in the country’s economic outlook for the early months of 2024. — VNA/VNS Photo […]

• Share: