Vietnamplus

The Vietnamese team won 17 prizes at the International Robothon 2023 in Kuala Lumpur, Malaysia, on March 26.

The 705 International Cooperation Company under the Military Region 2, Vietnam's Ministry of National Defence, on March 24 handed over 10 tonnes of rice seeds, worth 18,290 USD to the northern Lao province of Oudomxay to help Lao farmers develop their economy.

Vietnamese digital payment firm Momo and American multinational financial services company Western Union on March 20 announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.

Although 2023 is forecast to be a difficult year, many securities companies still set a target of positive profit growth in 2023, besides some others adopting more prudent plans.

Thanks to better input material supply and the application of a closed production process, tra fish industry is expected to overcome difficulties and become profitable again in the third quarter of this year, according to analysts.

The non-life insurance sector has seen a flurry of merger and acquisition (M&A) deals over the past two years, partly reflecting the attractiveness and keen competition of the market, which still has room for growth.

Chairman of Vietnamese conglomerate Vingroup Pham Nhat Vuong on March 6 decided to establish GSM (Green - Smart - Mobility) Joint Stock Company, specialising in offering VinFast electric car and motorbike rental and taxi services.

Vietnamese infrastructure developer Deo Ca Group JSC has signed a joint venture agreement with Laos’ Petroleum Trading Lao (Petro Trade) Public Company to develop a railway project linking the two countries.

The State Bank of Vietnam has expected credit growth to hit 14-15% this year, leaving a possibility that it might adjust the orientation to suit the actual business situation and developments.

Fintech company ATM Online has officially launched its ATM Online app that offers customers online installment-loans.

As global demand is slowing and adversely affecting export countries including Vietnam, fiscal policy will significantly help support Vietnam’s economic growth in 2023, experts said.

Asian destinations, including Vietnam, are always on the list of favourites of the Republic of Korea (RoK), Japanese and Taiwanese tourists, according to a report conducted by travel market researcher The Outbox Company.

According to Indonesian State Enterprise Minister Erick Thohir, the total profit of 41 state-owned enterprises (SOEs) jumped 143% in 2022 to 303.7 trillion IDR (20 billion USD), led by banks making more money on their loan portfolios.

Vietnam has great potential and advantages to develop oyster production chains, experts said at a conference on aquaculture technology organised in Ho Chi Minh City on February 14 by the Japan International Cooperation Agency (JICA).

The demand for industrial land for rent in Vietnam will remain high this year thanks to policies promoting investment in the country, experts said.

The Sherpa Company Limited, a subsidiary of Masan Group Corporation (Masan), received a licence to invest in Singapore at a ceremony on February 10.

A volatile real estate market caused revenues and profits of realty businesses to decrease sharply in the fourth quarter of 2022.

Police of Ho Chi Minh City have finished an investigation into Nguyen Phuong Hang, General Director of the Dai Nam JSC, and three accomplices for the charge of “abusing rights of freedom and democracy to infringe upon interests of the State, rights and legitimate interests of organisations and individuals”.

Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.

In the context of rising inflation, many retail businesses can continue to grow thanks to bolstering their activities in the pharmaceutical sector.