Business News

At Dai Dung Metallic Manufacture Construction and Trade Corporation, an order was signed until the end of 2024 with a production output of over 150,000 tonnes of steel components, an increase of more than half compared to 2023. In the first days of the year, workers in the factories worked three shifts per day, even throughout the recent holiday, to meet the delivery schedule.

According to a survey released by S&P Global Vietnam on March 1, Vietnam's manufacturing sector continued to grow marginally in February, with both output and new orders up for the second month running.

At a recent extraordinary AGM, BIDV also approved to adjust the implementation time for offering additional shares in the bank’s plan to increase charter capital in 2023. Specifically, the AGM decided to delay the implementation time to 2024. Under the plan, BIDV will issue an additional 455 million shares in the form of public offering or private offering. BIDV has not announced details of the offering plan, but it has long had a plan for a private placement for foreign investors.

Tran Viet Huy, managing director of Tracimexco – Supply Chains and Agency Services JSC (TRA-SAS), told VIR that, "The Red Sea disruption is impacting ocean freight via the Red Sea and Suez canals. It is mainly hitting shipments from Asia to Europe and some US routes. The cost of ocean freight to EU ports from Asia has gone from less than $2,000 per 40-foot shipping container before December 2023 to over $5,000."

Ho Chi Minh City, February 28, 2024 - The season of love dedicated to women has returned to the LOTTE HOTEL SAIGON, offering ladies impressive and sophisticated experiences. A highlight not to be missed at The Canvas seafood buffet restaurant is the masterpiece Lobster Ravioli. Visit Ottimo House to enjoy premium Italian cuisine prepared with Australian Wagyu beef. On Mondays and Tuesdays, Yoshino Japanese Cuisine Restaurant offers a 20% discount on sashimi. Discover the classy space and enjoy the new drinks available at Legend Lounge, including "Cherry Blossom Latte" and "Strawberry Afternoon Tea.". To end your self-love journey, Legend Healing Spa will be offering 20% off two special treatments.

The Ministry of Public Security has proposed a procedure for foreigners’ e-identification registration, which is expected to take effect alongside the identification law on July 1 this year.

The resort real estate market is recording positive signs as demand, in both domestic and international tourist markets, is gradually recovering at a stable pace, thereby helping strengthen trust in the industry, according to Mauro Gasparotti, Director of Savills Hotels.

Data from the United Nations Conference on Trade and Development (UNCTAD), according to Rồng Việt Securities Company (VDSC), showed global FDI in 2023 increased by 3 per cent compared to the year before, reaching over US$1.365 trillion, mainly attributed to a significant increase in European Union countries.