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Culture ministry proposes increasing TV advertising time

Culture ministry proposes increasing TV advertising time

The Ministry of Culture, Sports and Tourism has proposed increasing the advertising time for TV channels to increase their revenues.
Deposit interest rates reach 11.45%

Deposit interest rates reach 11.45%

Over 20 banks are listing deposit interest rates of 9-10% a year, and smaller lenders are offering negotiable interest rates of up to 11.45% for deposits over a hundred million dong (VND100 million=$4,264).
February 1, 2023 | 08:24 pm PT
Private bank profit tops $1B

Private bank profit tops $1B

After the four state-run banks announced profits of around the US$1-billion mark for 2022, private lenders Techcombank and VPBank have followed suit.
January 31, 2023 | 03:00 am PT
Global smartphone shipment slowdown could hurt Vietnam

Global smartphone shipment slowdown could hurt Vietnam

Manufacturing hubs like Vietnam and South Korea could be hurt this year as global smartphone shipments suffered its worst quarterly drop on record, signaling a cool down in consumer demand.
January 29, 2023 | 07:43 pm PT
Pharma firms see profits soar post-Covid

Pharma firms see profits soar post-Covid

Many pharmaceutical firms have reported record profits in 2022 thanks to high demand for drugs and other healthcare products post-Covid.
January 29, 2023 | 06:54 pm PT
Steel giants report huge losses in Q4

Steel giants report huge losses in Q4

A drop in prices and consumption put major steel businesses Hoa Phat, Nam Kim and VNSteel in the red in the fourth quarter of 2022, dragging their annual results to the lowest level in many years.
January 24, 2023 | 10:59 pm PT
Vietnam cryptocurrency miners install more rigs as Bitcoin climbs

Vietnam cryptocurrency miners install more rigs as Bitcoin climbs

Cryptocurrency prices have surged this month, prompting Vietnamese to install mining rigs although it’s not yet a lucrative trade.
January 22, 2023 | 01:00 am PT
Food delivery platforms see gross merchandise value rise 37.5%

Food delivery platforms see gross merchandise value rise 37.5%

The total gross merchandise value (GMV) of food delivery platforms in Vietnam hit $1.1 billion in 2022, up from $800 million in 2021, said Singapore-based venture outfit Momentum Works.
January 21, 2023 | 06:30 pm PT
Tuna becomes billion-dollar export for first time: VASEP

Tuna becomes billion-dollar export for first time: VASEP

Despite a sharp fall in exports before the end of 2022 due to global inflation, tuna still brought home US$1 billion in revenue last year, up 34% from 2021, becoming a billion-dollar commodity for the first time, data showed.
January 21, 2023 | 07:55 am PT
Indonesia surpasses Thailand as Vietnam's largest car exporter

Indonesia surpasses Thailand as Vietnam's largest car exporter

Indonesia surpassed Thailand as Vietnam’s largest car exporter in 2022, with 72,671 cars exported in total.
January 20, 2023 | 10:00 pm PT
Bank Tet bonuses worth up to 10 months of salary

Bank Tet bonuses worth up to 10 months of salary

Tet bonuses for employees at large and medium-sized banks will be equivalent to 1-10 months’ worth of salary, with the highest bonuses going to state-owned bank employees.
January 20, 2023 | 06:59 am PT
Motorbike sales surge more than 120%

Motorbike sales surge more than 120%

Members of the Vietnam Association of Motorcycle Manufacturers (VAMM) sold over 3 million motorbikes domestically last year, up 120.5% against the year earlier.
January 19, 2023 | 03:30 pm PT
iPhone 14 prices drop by $21-84

iPhone 14 prices drop by $21-84

Distributors are lowering the prices of the iPhone 14 by as much as VND2 million ($85) to lure more buyers during the busy Tet New Year holiday, which begins this week.
January 18, 2023 | 04:38 pm PT
Hanoi ride-hailing services struggle to cope with Tet demand

Hanoi ride-hailing services struggle to cope with Tet demand

Hanoians are struggling to book ride-hailing and delivery services during the runup to Tet (Lunar New Year holidays).
January 16, 2023 | 08:45 pm PT
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