International fast food chains fighting to increase their Vietnam market share are challenged by consumers leaning towards healthier options.  

Lam San agricultural cooperative in Cam My district, the southern province of Dong Nai, has exported over 500 tonnes of safe and organic peppercorns to Europe since early this year. 

An alliance was set up on June 17 with a view to promoting sustainable shrimp production, an important sector in Vietnam’s agriculture.

Sugar prices are likely to increase due to the shortage of 2.5 million tonnes of sugar during the 2019 – 2020 crop, experts forecast at the fourth conference of the ASEAN Sugar Alliance (ASA) underway in Ho Chi Minh City on June 17-18. 

There is room for the private economic sector to further develop, Prime Minister Nguyen Xuan Phuc affirmed during a reception for representatives from the Vietnam Private Business Association in Hanoi on June 17.

The State Bank of Vietnam (SBV) and credit institutions are set to augment efforts in the coming time so as to promote people and businesses’ access to credit.

Preferential export taxes offered by the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) are expected to be promulgated this month. However, the tax reduction is only one of the incentives for Vietnamese goods when entering markets, not a ‘lifesaver’ for businesses, said the Ministry of Industry and Trade (MoIT).

VOV.VN -Business class passengers on Vietnam Airlines’ domestic and international flights are to be able to enjoy Luc Ngan lychees as desert.

The ODA National Steering Committee held a meeting with donors in Hanoi on June 17 to seek solutions to speed up the disbursement of ODA capital and preferential loans, which has showed signs of slowing down in recent years.

Total State budget collection in the first five months of this year was estimated at 508.6 trillion VND (21.86 billion VND), fulfilling 43.5 percent of the estimate and up 14.1 percent year-on-year, the General Department of Taxation (GDT) reported. 

The retail prices of oil and petrol were adjusted down starting from 3 pm on June 17 following a decision made by the ministries of Finance, and Industry and Trade.

The Vietbuild International Exhibition with the theme of construction, building materials, real estate, and interior and exterior decoration will be held in Ho Chi Minh City from June 19-23.

JG Summit Holdings, Inc., one of the biggest Filipino investors in Vietnam, hopes to invest in sustainably developing tea business in the country, particularly via the participation in public-private-partnership projects.

Vietnam is becoming one of the hottest startup hubs not only in Asia but also in the world, according to the International Business Times (IBTimes), a world leading provider of business and financial news.

VOV.VN - The Government should build up and complete centralized databases that allow connections with e-payments for public services, with the aim of giving a push to nationwide cashless transactions, Pham Tien Dung, head of the Payment Department under the State Bank of Vietnam, has suggested.

VOV.VN - Prime Minister Nguyen Xuan Phuc has ordered the Ministry of Transport to make a general report on the aviation sector’s workforce following the information on pilot shortages, according to a document newly released by the Government Office.

Most localities in Central Vietnam have borders with Laos or Cambodia, which is a great opportunity for the region to approach trade with the vast ASEAN community.

Online shops could be the major clients of the firms as they have diverse service requests.

Tourism is likely to become Vietnam’s new growth pillar, increasing its contribution to the service sector and overall GDP.

A solar power plant with a design capacity of 30MWp was inaugurated in Ninh Phuoc district, the south central province of Ninh Thuan on June 16, in the presence of Standing Vice Chairwoman of the National Assembly Tong Thi Phong. 

The domestic tra fish industry has faced challenges regarding the purchasing price on the domestic market as well exports due to high tariffs on the product in the US market, according to the Ministry of Agriculture and Rural Development (MARD).

HanesBrands Vietnam, one of the biggest subsidiaries of the world’s largest marketer of basic apparel whose headquarters are based in the US, is planning to increase the number of its factories and expand the scale of production in Vietnam, the group’s Vice President Jerry Cook has said.

Vietnam’s businesses now have great opportunities to boost exports through official channels to China as the Chinese government is encouraging official imports, and the shipping fee is decreasing.

VOV.VN - The General Statistics Office of Vietnam has released a report on Vietnam’s socio-economic development in the first five months of this year. 

VOV.VN - To help remove the EU’s warning, known as “yellow card” for Vietnamese seafood exports, Ba Ria-Vung Tau province has stepped up communications and slapped stiff sanctions on ship owners who infringe upon offshore fishing. 

Digital banking is inevitable for Vietnamese banks and building trust is critical in the development of the new business model, experts said at a conference on June 14.

Airbnb and other accommodation-sharing services are booming in Vietnam and many homeowners are cashing in on them.

According to the government’s report, since more than 81 percent of the country’s public companies have charter capital of over VND30 billion, the revision thus will affect only a minority of firms.

Srpska President Željka Cvijanović has had a meeting with Vietnamese-origin billionaire Mai Vu Minh, Chairman of the Board of Directors of Germany-based SAPA Thale group, together with other leaders of the group on investment cooperation between Vietnam, Germany and the Republic of Srpska, according to the Office of the President of the Republic of Srpska.

Vietnam’s middle class - the foundation of consumers - is rising fast: in 2030, 49% of households will have annual disposable income of US$5,000 to US$15,000, an increase of 33.8% from that in 2018.