The State Bank of Vietnam (SBV)’s revision of the USD selling price up to VND23,273 on July 23, a strong increase from the rate it had kept from the month’s beginning, is a move suitable with domestic and foreign markets, an SBV official said.

More than 80% of the market share for bottled tea, an industry valued at US$1.7 billion, belongs to three big players.

The motorbike market of Vietnam has recorded positive growth in recent years, despite being forecast to enter a saturation period by the Vietnam Association of Motorcycle Manufacturers (VAMM) two years ago.

VOV.VN - Despite a slight decrease in the imports of seafood in June, the value of seafood imports jumped 32.5% to US$860.67 million during the first half of this year, according to the General Department of Vietnam Customs.

The Bao Viet Group ranked first among the insurance companies in Vietnam with a revenue of more than VND9.9 trillion (nearly US$423.7 million) in the first half of 2018. 

Mytel, the Viettel-owned mobile operator based in Myanmar, has signed up more than two million subscribers in just one month since officially starting operations.

Mumuso is facing a fine of VND100 million (US$4,440) by the Ministry of Industry and Trade (MoIT) due to the company’s unlawful practice of deliberately misleading consumers as to the origin of its goods or providing insufficient information.

The construction industry is experiencing good days thanks to the warming up of the real estate market. 

VOV.VN - China was Vietnam’s biggest supplier of phones and components during the first six months of 2018, with a value of US$3.63 billion, a year-on-year rise of 11.8%, according to the General Department of Vietnam Customs.

While some experts warn that a real estate bubble could occur in 2019, others believe there is no need to worry.