Loc Troi Group Joint Stock Company (LTG) achieved a significant milestone in 2023 by recording the highest revenue in its history, surpassing VND 16,000 billion. However, investors were taken aback by the surprising figure revealing that the profit after tax for the same period was a mere VND 16.5 billion.
The ambitious endeavor to disburse a preferential credit package worth VND 120,000 billion for investors and home buyers in social housing projects and worker housing faces significant hurdles, with little progress evident thus far.
On April 4 and 5, a working delegation from Nghe An province led by Mr. Hoang Nghia Hieu - Deputy Secretary of the Provincial Party Committee visited and worked with the Consulate- General of Vietnam to NSW and the Australian business community.
As Vietnamese agricultural exporters reviewed the figures of 2023, a new trend caught their eyes -- the actual demand from Chinese consumers went beyond their initial projection.
Prime Minister Pham Minh Chinh meets with executives to discuss expanding Vietnam's role in semiconductor manufacturing and technology innovation.
Since the commencement of 2024, there has been a noticeable enhancement in the liquidity of the stock market, marked by numerous trading sessions surpassing the VND 30,000 billion threshold. Analysts attribute this influx of funds into the stock market predominantly to the savings of individual investors.
A noteworthy piece of information capturing the attention of Ho Chi Minh City residents and the nation at large is the plan to officially commence operations of Metro Line No. 1, Ben Thanh - Suoi Tien, in July 2024.
Despite optimistic forecasts from the key export market, the United States, Vietnamese pangasius processing and exporting companies are grappling with challenges hindering a breakthrough. The prospects for improving the profitability of these enterprises remain uncertain.
In the early stages of the year, several export industry sectors in Vietnam have displayed promising signs of improvement. As a result, meeting the export growth target of 6% set for 2024 is deemed entirely attainable.
With a series of cooperation document signing and investment licencing for foreign investors right from the beginning of the year, Vietnam expects impressive results in attracting foreign direct investment (FDI) this year.
The foreign direct investment (FDI) sector maintained its role as an export pillar of Vietnam's economy with revenue of 43.2 billion USD in the first two months of this year, up 14.7%, and accounting for 72.8% of the country's total export value.
On February 27, 2024, the People's Committee of Nghe An Province issued Decision No. 30/QD-UBND approving the investment policy for the upgrade and expansion of Vinh International Airport with a total investment of VND 233.6 billion.
Vietnam has attracted more than 4.29 billion USD in foreign direct investment (FDI) in the first two months of 2024, a year-on-year increase of 38.6%, according to the Ministry of Industry and Trade (MoIT)'s Foreign Trade Agency.
In 2022, with nearly USD 1 billion in FDI, Nghe An ranked 10th out of 63 provinces; in 2023, the province in the North Central region entered the 'billion-dollar FDI attraction club' for the first time with a capital surpassing USD 1.6 billion, ranking 8th out of 63 provinces.
In the year 2023, China outpaced the United States to claim the position of the primary consumer of Vietnamese agricultural, forestry, and fishery products. As we step into 2024, anticipation remains high for this market, particularly following the recent business expedition by the delegation from the Chinese Ministry of Agriculture and Rural Development.
As many as VND 531 billion (USD 21.7 million) under the VND 120 trillion credit package for social housing development has been disbursed, according to Director General of the State Bank of Vietnam (SBV)'s Department of Credit for Economic Sectors Ha Thu Giang.
In 2023, there was an 11.6% decline in exports to the United States compared to the corresponding period in 2022. Despite this setback, the United States maintains its status as Vietnam's largest export market. As we step into 2024, various Vietnamese export sectors are optimistic and anticipate more positive signals from this substantial market.
The Export Development Canada (EDC) recently coordinated with the Vietnamese Trade Office in the country to organise a seminar to update Vietnam's economic situation and evaluate its performance in the global supply chain.
Người dân trên thế giới đã trải qua khoảnh khắc ngọt ngào, ý nghĩa trong ngày Valentine. Đây cũng là cột mốc đáng nhớ với nhiều cặp đôi trong ngày Lễ tình nhân.
Since the end of 2023 until the present, online forums have been consistently buzzing with inquiries about banks offering attractive deposit interest rates or when deposit interest rates are expected to rise again.
The first month of 2024 is drawing to a close, and the capital market appears to be in a state of relative 'stillness.' This is evident in deposit-related activities, where most banks are offering exceptionally low-interest rates, primarily due to a surplus of funds.
As we approach the financial announcement season of 2023, numerous securities firms have released analysis reports focusing on the TPB code of Tiên Phong Commercial Joint Stock Bank. Notably, all these analyses underscore the deterioration in the bank's asset quality.
Following the considerable capital withdrawals by foreign investors in Vietnam's stock market throughout 2023, the initial weeks of 2024 are presenting encouraging signs, as this sector has begun net buying once again, albeit on a modest scale.
Despite the State-owned commercial banks, commonly referred to as the Big 4 (Vietcombank, VietinBank, Agribank, and BIDV), maintaining substantial profits in the billions of dollars, their progress in increasing charter capital has been sluggish. Notably, private joint-stock commercial banks have outpaced the Big 4 in charter capital rankings, marking a concerning trend in recent years.
As of 5 PM on January 20, organizations and individuals across the entire province of Nghe An have registered to donate over 135.5 billion dong to the program 'Tet for the Poor – Year of the Dragon 2024'.
In a recent interview with Saigon Investment, Mr. NGUYỄN VĂN TOÀN, Vice Chairman of the Association of Foreign Invested Enterprises (VAFIE), shared optimistic insights about the prospects of attracting Foreign Direct Investment (FDI) in Vietnam in 2024.
The Vietnamese corporate bond market is still recovering from a major upheaval in 2022, when a 'bubble' burst and triggered strict new regulations like Decree 65/2022. This caused a temporary freeze on many businesses' activities, but a temporary measure, Decree 08, helped stabilize the market.
In a conversation with Saigon Investment, Mr. SHANTANU CHAKRABORTY, Country Director of the Asian Development Bank (ADB) Vietnam, remarked that in 2023, Vietnam's economy has successfully upheld the crucial objective of maintaining macroeconomic stability while still achieving substantial growth in comparison to many regional counterparts. Public investment (PP) and foreign direct investment (FDI) emerge as two pivotal pillars driving growth in 2023.
The Vietnamese stock market in 2023 is heading towards establishing its second record in history, marked by the net selling activities of foreign investors.
Last week, the stock market experienced tumultuous days as foreign investors engaged in significant net selling transactions, reaching into the trillions of dong. This marked the first instance of foreign investors withdrawing on such a scale since mid-September.
Many export industries are struggling to meet their targets, and the situation remains challenging despite signs of improvement in the order situation since the beginning of the fourth quarter.
There are concerns that Moc Chau Cow Milk Joint Stock Company (MCM), a subsidiary of Vietnam Dairy Products Joint Stock Company (VNM), may experience a sell-off before its anticipated listing on HoSE (Ho Chi Minh City Stock Exchange). The company is facing challenges in attracting investors, primarily due to unresolved issues impacting its business performance.
In the years spanning 2011 to 2015, the total investment capital in transport infrastructure reached VND 444,000 billion, with VND 186,660 billion coming from private sources in 62 projects operating under various models such as BOT (build-operate-transfer) and BT (build-transfer).
Numerous banks are currently grappling with the burden of holding debt from infrastructure projects operating under the public-private partnership (PPP) model, particularly those employing the build-operate-transfer (BOT) framework.
The USD index has experienced a significant drop of nearly 3.5% since its peak in early October, reaching its lowest level since the end of August.
During his working trip to New Delhi, India, Mr. Thai Thanh Quy - Member of the Central Party Committee, Secretary of the Nghe An Provincial Party Committee worked with representatives from Adani Group.
The People's Committee of Ho Chi Minh City (UBND TPHCM) has submitted a proposal to the Ho Chi Minh City People's Council (HĐND TPHCM) to increase the total investment amount to 2,075 billion VND (an increase of 660 billion VND) and extend the implementation period by 6 years, from 2016 to 2026. This is for the project to upgrade a 2km stretch of Nguyen Thi Dinh Road from Giong Ong To Bridge to My Thuy Bridge.
The recent power shortage crisis in Northern Vietnam, exacerbated by scorching weather conditions, has underscored the critical role of gas power plants operated by the Vietnam Oil and Gas Group (PVN). As the nation grapples with the pressing need for electrification, the gas power sector has emerged as a linchpin in the overall development strategy.
In the face of a volatile global economy and challenging conditions worldwide, Vietnam is experiencing a remarkable surge in foreign direct investment (FDI) flows, particularly during the final months of 2023.
Thời gian qua, tỉnh Thanh Hóa đã đạt được những thành tựu kinh tế - xã hội quan trọng trên nhiều lĩnh vực, quy mô nền kinh tế và tốc độ tăng trưởng kinh tế luôn nằm trong nhóm các tỉnh, thành phố dẫn đầu Việt Nam.
Despite the global economic uncertainties that have characterized recent years, Vietnam has maintained its position as a magnet for foreign direct investment (FDI), highlighting the country's resilience and attractiveness as an investment destination.
According to the Central Institute for Economic Management's forecast, Vietnam's GDP growth for 2023 is expected to reach 5.19%.
Vicem Ha Tien Cement Joint Stock Company (HT1), a key player in cement production in Vietnam's Southern region, is currently grappling with financial losses and imbalance.
On August 2, the inauguration ceremony of Koyu Textile Vietnam Co., Ltd. took place at WHA Industrial Zone 1 - Nghe An.
Trong lúc tuần tra, kiểm soát địa bàn tại thôn Cửa Khẩu, xã Ia Dom, huyện Đức Cơ, tỉnh Gia Lai, tổ công tác Đồn Biên phòng cửa khẩu quốc tế Lệ Thanh, BĐBP Gia Lai đã phát hiện 1 đối tượng vận chuyển pháo trái phép.
Lúc 22 giờ 00 phút, ngày 29-7, Đồn Biên phòng Cửa khẩu Quốc Tế Lệ Thanh, Bộ đội Biên phòng tỉnh Gia Lai phát hiện 1 đối tượng, trên lưng có gùi 1 bao tải màu đen.
Sáng 30-7, tin từ Đồn Biên phòng Cửa khẩu Quốc tế Lệ Thanh (Bộ Chỉ huy Bộ đội Biên phòng tỉnh Gia Lai) cho biết: Đơn vị đã hoàn tất các thủ tục pháp lý, bàn giao đối tượng Đỗ Xuân Đức cùng tang vật cho cơ quan có thẩm quyền để xử lý theo quy định của pháp luật.