Many tourism-related firms that have borrowed from banks are facing foreclosure due to the latest outbreak of COVID-19 infections.

The Ministry of Industry and Trade has urged firms to be cautious when doing business with companies in India that were severely hit by the COVID-19 pandemic.

Experts have warned that a firm legal framework and strict punishment measures are needed to manage virtual financial investment platforms, which they say are now out of control.

Prime Minister Pham Minh Chinh has supported Ho Chi Minh City’s proposal to retain 23% of its budget revenues, up from the previous 18%, to create conditions for sustainable development.

Vietnamese logistics enterprises reported outstanding business results in the first quarter of 2021.

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.

The central province of Phu Yen is emerging as an attractive market for real estate investment, especially in large-scale hospitality projects.

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.

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.

Despite Vietnamese companies’ total net profit growing 81% year-on-year in the first quarter, many still posted big losses.