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North faces power shortfall, risks long periods of cuts: industry ministry

North faces power shortfall, risks long periods of cuts: industry ministry

The north faces an electricity shortfall of 30.9-50.8 million kilowatt-hours a day, and so risks long periods of cuts, according to the Ministry of Industry and Trade.
Companies to continue layoffs on lack of orders: surveys

Companies to continue layoffs on lack of orders: surveys

Around 5,200 companies, or 71% of those polled in a VnExpress survey, plan to lay off employees this year.
May 30, 2023 | 08:55 pm PT
New business capital lowest in four years

New business capital lowest in four years

The registered capital of new businesses in the first five months was 15% lower than in the same period in 2019 VND568.70 trillion ($24.23 billion), showing the impact of economic challenges on companies.
May 29, 2023 | 03:53 am PT
Vietnam FDI surges 28% in 5 months

Vietnam FDI surges 28% in 5 months

Newly registered foreign direct investment (FDI) surged nearly 28% year-on-year to $5.3 billion in the first five months.
May 28, 2023 | 11:57 pm PT
Business sector hit by declining orders, lack of credit: survey

Business sector hit by declining orders, lack of credit: survey

Declining orders, lack of access to credit and bureaucracy are among the obstacles that businesses are facing, and they expect the government to help, a survey has found.
May 25, 2023 | 08:42 pm PT
Retail, services shine amid cloudy economic outlook

Retail, services shine amid cloudy economic outlook

Vietnam’s revenues from retail and services posted a double-digit growth in April, a rare improvement amid many economic challenges that have plague the country since the beginning of the year.
May 21, 2023 | 12:14 am PT
Businesses at breaking point amid economic challenges

Businesses at breaking point amid economic challenges

More than 77,000 businesses have suspended operations in the last four months and many more sold assets to remain afloat as major challenges plagued the economy.
May 18, 2023 | 06:45 pm PT
Auto sales plummet in April

Auto sales plummet in April

Sale of autos plunged in April after two consecutive months of growth, according to data from the Vietnam Automobile Manufacturers Association (VAMA).
May 14, 2023 | 06:15 pm PT
New share trading accounts hit three-year low

New share trading accounts hit three-year low

Only 22,700 new securities trading accounts were opened in April, the lowest number since March 2020, as investors’ enthusiasm continued to decline in a flat market.
May 10, 2023 | 10:01 pm PT
Average incomes in Binh Duong higher than Hanoi, HCMC

Average incomes in Binh Duong higher than Hanoi, HCMC

The average monthly income in Binh Duong Province was the highest nationwide last year at VND8.08 million ($345).
May 8, 2023 | 03:27 pm PT
Rich’s income 7.6 times that of poor: survey

Rich’s income 7.6 times that of poor: survey

Vietnam’s richest people have an average income of almost eight times that of the poorest, a government survey has found.
May 6, 2023 | 05:00 am PT
Feed producer Nova Consumer posts Q1 loss

Feed producer Nova Consumer posts Q1 loss

Animal feed producer Nova Consumer posted its first loss after going public at VND7.6 billion ($324,127) in the first quarter this year.
May 4, 2023 | 05:00 am PT
Mercedes soars above competitors in Vietnam

Mercedes soars above competitors in Vietnam

Mercedes has dominated Vietnam’s luxury car market for the last four years as Lexus, Volvo and other trailing brands tussle behind.
April 23, 2023 | 09:45 pm PT
Vietnam’s economic locomotive needs accelerator

Vietnam’s economic locomotive needs accelerator

Le Quang Loc, CEO of construction company Vietekcons, has just turned down a deal from a property developer.
April 18, 2023 | 03:00 pm PT
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