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Vietnamese consumers eat out, visit cafes more often
Consumers visited restaurants and coffee shops more often and spent more money there last year, according to a report by food and beverage management software company iPOS.vn
FDI inflow into Vietnam up 13.4%
Vietnam had attracted $6.17 billion in foreign direct investment (FDI) as of March 20, a year-on-year rise of 13.4%, according to the Foreign Investment Agency under the Ministry of Planning and Investment.
Vendors leave biggest mall in Mekong Delta city of Can Tho due to lack of customers
Cai Khe Mall, once the busiest shopping venue in Can Tho City, now has only a few shops open due to plunging demand amid booming e-commerce.
March 25, 2024 | 05:31 am PT
Banks slash deposit interest rates
Over 20 banks have cut deposit interest rates in the last month, with the highest for 12-month deposits now being 5.3%.
March 23, 2024 | 05:00 pm PT
Vietnam’s Musang King durian price doubles in 6 months
Musang King durian prices in Vietnam have doubled from October to around VND400,000 ($16.10) per kilogram as harvest season begins.
March 23, 2024 | 03:00 pm PT
Prolonged strengthening of dollar could cause import of inflation into Vietnam
The Vietnamese dong’s depreciation against the U.S. dollar has driven up import costs and could potentially lead to high inflation if left unchecked, analysts have warned.
March 22, 2024 | 11:00 pm PT
Produce exports rise 27% in Q1
Vegetable and fruit exports rose 27% year-on-year to US$1.3 billion in the first quarter of 2024 due to booming demand from China, Thailand and Germany.
March 22, 2024 | 04:40 pm PT
Vietnamese gradually shift away from cash
More than half of Vietnamese carried less cash last year than in 2022, a new survey by payment company Visa has found.
March 21, 2024 | 11:12 pm PT
Meta, Boeing part of US business delegation to Vietnam, eyeing investment opportunities
Behemoths Meta and Boeing, as part of a 50-strong U.S. business delegation, visited Vietnam this week to seek investment opportunities across various sectors, including semiconductors and artificial intelligence.
March 21, 2024 | 08:26 pm PT
South Korea to pump ODA loans to Vietnam by 50% more
South Korea is set to increase its Official Development Assistance loans to Vietnam by 50% from last year to $52 million this year.
March 20, 2024 | 05:46 pm PT
China, Vietnam increase border trading hours
Vietnam and China have agreed to increase trading hours at the Huu Nghi Border Gate by two hours, to 8 p.m. daily, amid rising imports to Vietnam.
March 20, 2024 | 12:14 am PT
Vietnam's Middle East, Europe-bound exports lose competitiveness due to Red Sea tensions
Vietnam’s major exports to Europe and the Middle East like garments, coffee and smartphones might decline due to worsening Red Sea shipping disruptions and rising freight hikes, experts warn.
March 19, 2024 | 10:40 pm PT
Canadian Prime Minister Justin Trudeau says he often thinks about quitting his 'crazy job'
Canadian Prime Minister Justin Trudeau, whose Liberals are trailing badly in the polls, on Friday said he thought about quitting his "crazy job" every day but insisted he would stay in office until the next election.
March 17, 2024 | 10:00 pm PT
Binh Duong to have 10 more industrial parks by 2030
The southern province of Binh Duong has planned to develop 10 more industrial parks (IP) in the 2023 - 2030 period, according to head of the provincial Industrial Park Management Board Nguyen Trung Tin.
March 16, 2024 | 06:48 pm PT
Central bank's HCMC office wants gold trading in cash restricted
The State Bank of Vietnam’s HCMC office has called for restricting cash purchases of gold to prevent the precious metal from supplanting the dong and money laundering.
March 15, 2024 | 08:08 pm PT
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