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Local fashion brands struggle to compete in domestic market
A recent report on the local fashion market of the Vietnam Industry Research and Consultancy (VIRAC) found that Vietnamese fashion brands are losing out in the local market, which is increasingly dominated by international brands.
Phu Yen province attracts billion-dollar resort project
The central province of Phu Yen is emerging as an attractive market for real estate investment, especially in large-scale hospitality projects.
Vietnamese electronics industry still low in technology and value
Vietnamese supporting industry enterprises for the electronics industry participate in the value chain, however, most of them only provide simple products with low technology and value.
Ministry wants to support domestic steel market
The Ministry of Industry and Trade has proposed the Government consider policies to tighten exports of steel products to stabilise the domestic market amid soaring steel prices in recent months.
Worst performers in Q1 revealed
Despite Vietnamese companies’ total net profit growing 81% year-on-year in the first quarter, many still posted big losses.
Proposal of reducing registration fee for domestically-produced cars rejected
The Ministry of Finance has rejected the Vietnam Automobile Manufacturers’ Association (VAMA) proposal to continue reducing the registration fees for new domestically-produced cars by 50%.
Television brands find Vietnamese market tough going
Before the latest withdrawal of Vinsmart, Japanese giants like Panasonic, Toshiba, and Sharp also dropped out of the Vietnamese television market.
Short video market grows fast amid pandemic
The COVID-19 pandemic in the last half of 2020 saw Vietnamese people download and use more phone applications than in 2019, according to the Mobile Application 2021 report from Appota Group.
Construction companies report lower profits due to COVID-19
Several construction firms have reported a drop in profits in the first quarter of this year due to the COVID-19 pandemic and rising material prices.
Ministry to actively build price management scenarios
The Ministry of Finance (MoF)'s Price Management Department will actively set up scenarios for managing prices of essential goods according to the market performance, but still ensuring inflation control as targeted, said director of the department Nguyen Anh Tuan.