Cashew exports reduced both in volume and value in the first five months of the year. — Photo congthuong.vn Viet Nam’s cashew exports reduced significantly in both volume and value in the first months of the year, exports for the entire year are forecast to be lower than last year, according to the Viet Nam Cashew Association (Vinacas). Speaking at a meeting to review the industry’s performance in the first half of the year and set plans for the latter half, Tran Van Hiep, Vinacas’ deputy chairman, said cashew exports in the first five months fell by 7.81 per cent in volume and 6.81 per cent in value to 206,111 tonnes and US$1.19 billion, respectively. The average export price was about $5,792 per tonne, up 1.45 per cent over the same period in 2021. Enterprises imported about 968,000 tonnes of raw cashew nuts from abroad worth nearly $1.4 billion, down 35.24 per cent in volume and 37.84 per cent in value in the first five months. But the price of raw cashews imported from … [Read more...] about Cashew exports to slow in 2022 amid global inflation, Russia sanctions
Sinh nam 2022 mang gi
Stock market faces bumpy ride in second half of 2022
The Ministry of Finance is working on amending and supplementing Decree No. 153/2020/ND-CP on private offering and trading of corporate bonds in the domestic and international markets. — Photo baogiaothong.vn The Vietnamese stock market has gone through nearly half of 2022 with turbulence and remarkable events, especially the Government's crackdown on illegal activities manipulating the market. At the moment, the market is struggling as both liquidity and the benchmark index fall sharply. Experts said that monetary policy tightening from the US Federal Reserve (Fed), prolonged Russia-Ukraine conflict and China's zero COVID policy will indirectly affect the country's stock market. Stock market crackdown In the first half of 2022, many big business owners such as Do Thanh Nhan, Chairman of the Board of Louis Holdings Group and Le Anh Dung, President of Tan Hoang Minh Group, were arrested for illegal activities in the stock and corporate bond market. These cases showed the … [Read more...] about Stock market faces bumpy ride in second half of 2022
Việt Nam needs to develop fintech services for SMEs
Việt Nam's small- and medium-sized enterprises (SMEs) need fintech services for development in the future. — Photo baochinhphu.vn HÀ NỘI — Việt Nam needs to develop financial technology (fintech) services for small- and medium-sized enterprises (SMEs), according to experts. "Existing innovative digital financial services for SMEs have not yet been systematically formed. Meanwhile, these enterprises always need more and more accessible financial services with low cost and a variety of products," said Bùi Huy Nhượng, vice rector of the National Economics University. Therefore, innovative financial services for SMEs need to be studied to develop not only for fintech startups but also for traditional financial institutions and technology companies. Dr Lương Thái Bảo, executive director of the Bachelor of Financial Technology Programme at the National Economics University, said that Việt Nam had a large number of SMEs, while it also has a high IT application index in the region. … [Read more...] about Việt Nam needs to develop fintech services for SMEs
Vietjet announces new int’l routes at Đà Nẵng Investment Forum 2022
Vietjet and Đà Nẵng city signed a 5-year strategic cooperation memorandum to develop tourism and aviation and announced the opening of seven new international routes connecting the city and other countries. — Photo courtesy of Vietjet ĐÀ NẴNG — Vietjet and the People’s Committee of Đà Nẵng City have signed a Memorandum of Understanding for five-year strategic cooperation to support the development and contribute to the socio-economic development of Việt Nam and Đà Nẵng. The MoU was inked last week at the Đà Nẵng Investment Forum 2022 under the presence of Prime Minister Phạm Minh Chính. From now until 2027, Vietjet will coordinate to promote the image of Đà Nẵng to domestic and international tourists and promote trade, tourism, and investment in the city. Vietjet will also paint the tourism brand of Đà Nẵng on the aircraft to bring the image of the city to all countries and destinations the airline has flown to while teaming up with Đà Nẵng in stimulus events … [Read more...] about Vietjet announces new int’l routes at Đà Nẵng Investment Forum 2022
Vietjet announces new int’l routes at Da Nang Investment Forum 2022
Vietjet and Da Nang city signed a 5-year strategic cooperation memorandum to develop tourism and aviation and announced the opening of seven new international routes connecting the city and other countries. — Photo courtesy of Vietjet Vietjet and the People’s Committee of Da Nang City have signed a Memorandum of Understanding for five-year strategic cooperation to support the development and contribute to the socio-economic development of Viet Nam and Da Nang. The MoU was inked last week at the Da Nang Investment Forum 2022 under the presence of Prime Minister Pham Minh Chinh. From now until 2027, Vietjet will coordinate to promote the image of Da Nang to domestic and international tourists and promote trade, tourism, and investment in the city. Vietjet will also paint the tourism brand of Da Nang on the aircraft to bring the image of the city to all countries and destinations the airline has flown to while teaming up with Da Nang in stimulus events and investment … [Read more...] about Vietjet announces new int’l routes at Da Nang Investment Forum 2022
Viet Nam needs to develop fintech services for SMEs
Viet Nam's small- and medium-sized enterprises (SMEs) need fintech services for development in the future. — Photo baochinhphu.vn Viet Nam needs to develop financial technology (fintech) services for small- and medium-sized enterprises (SMEs), according to experts. "Existing innovative digital financial services for SMEs have not yet been systematically formed. Meanwhile, these enterprises always need more and more accessible financial services with low cost and a variety of products," said Bui Huy Nhuong, vice rector of the National Economics University. Therefore, innovative financial services for SMEs need to be studied to develop not only for fintech startups but also for traditional financial institutions and technology companies. Dr Luong Thai Bao, executive director of the Bachelor of Financial Technology Programme at the National Economics University, said that Viet Nam had a large number of SMEs, while it also has a high IT application index in the region. SMEs … [Read more...] about Viet Nam needs to develop fintech services for SMEs
Mobile malware up in Viet Nam
Mobile malware in Viet Nam increased by nearly 46.9 per cent in 2021. — Photo courtesy of Kaspersky Along with a surge in the number of mobile phone users accessing the Internet, there has been an increase in the number of mobile malware targeting Vietnamese users, according to the global cybersecurity company Kaspersky. According to the Digital 2022 report conducted by We Are Social, the number of mobile phone users accessing the Internet grew by 147 per cent year-on-year last year. Kaspersky, meanwhile, reported that it detected and prevented a total of 43,171 mobile attacks targeting Vietnamese users last year, 46.9 per cent higher than in 2020. Trojan is the most common threat in Viet Nam. While Viet Nam and Thailand saw growth in the number of malware attacks, the rest of Southeast Asia observed a downward trend in the number of attacks on mobile users thanks in part to Kaspersky’s efforts to block more than 2,000 mobile malware per day. Specifically, Indonesia … [Read more...] about Mobile malware up in Viet Nam
NA Chairman meets Vietnamese entrepreneurs from across Europe in Hungary
National Assembly Chairman Vương Đình Huệ meets representatives of the Vietnamese entrepreneur community in Europe in Budapest on June 26. — VNA/VNS Photo Doãn Tấn BUDAPEST — National Assembly (NA) Chairman Vương Đình Huệ met representatives from the Vietnamese entrepreneur community in Europe in Budapest on June 26 evening (local time), as part of his official visit to Hungary. Hoàng Mạnh Huê, president of the Union of Vietnamese Business Associations in Europe, said that the community has made great strides in recent years with encouraging successes, and become an effective bridge between the Vietnamese and European markets. They not only import a lot of commodities from Việt Nam into the European market and the supply chain of businesses in the host countries but also have been very successful in building a stable and efficient business model in accordance with the host countries’ laws, Huê added. The Vietnamese business community in Europe has deeply integrated into local … [Read more...] about NA Chairman meets Vietnamese entrepreneurs from across Europe in Hungary
Party chief holds phone talks with his Cambodia counterpart
Party General Secretary Nguyễn Phú Trọng held phone talks with President of the Cambodian People’s Party (CPP) Samdech Techo Hun Sen on Monday. — VNA/VNS Photo HÀ NỘI — Party General Secretary Nguyễn Phú Trọng holds phone talks with President of the Cambodian People’s Party (CPP) Samdech Techo Hun Sen on Monday on the occasion of the 71st anniversary of the founding of the CPP and the 55th anniversary of diplomatic relations between the two countries. Party leader Trọng congratulated the Cambodian Party for leading the Cambodian people to reap great and important achievements in many fields over the past 71 years. He also congratulated Cambodia for successfully organising the 2022 communal elections, in which the CPP gained victory, demonstrating the role and position of the CPP under the leadership of President Hun Sen. He expressed his belief that under the wise reign of Cambodian King Norodom Sihamoni and the leadership of the Senate, the National Assembly, and the … [Read more...] about Party chief holds phone talks with his Cambodia counterpart
Coca-Cola Vietnam’s leader is committed to a long-term investment in Danang
Peeyush Sharma, CEO of Coca-Cola Beverage Vietnam Co., Ltd. and Tran Duy Dong, deputy minister of Planning and Investment The statement was made by Peeyush Sharma, CEO of Coca-Cola Beverage Vietnam Co., Ltd. at the Danang Investment Forum 2022 held by the Danang Party Committee and the municipal People's Committee. At the forum, the leader of Coca-Cola had a chance to share the company’s vision with Prime Minister Pham Minh Chinh, the leaders of Danang, and the Ministry of Planning and Investment. As a foreign investment enterprise (FIE) based in Danang for over 20 years, Coca-Cola Vietnam has always accompanied the local authorities and people in socioeconomic and environmental protection activities. It highly appreciates the favourable investment climate and attractive incentives offered by the government as well as the local leaders. The company is committed to supporting the deepening of bilateral ties between Vietnam and the US. This will help leverage Vietnam in general, … [Read more...] about Coca-Cola Vietnam’s leader is committed to a long-term investment in Danang