Business News

The consumer outlook report from VNDirect Securities Corporation shows that the pent-up consumption trend during the pandemic is gradually decreasing in the context of rising interest rates and a weakening Vietnamese đồng making consumers tighten their purse strings.

Under the Law on Environment 2020 and the governmental Decree No.08, the recycling of products and packages will be mandatory for those who import or produce batteries, tyres, lubricants, and packaging as of January 1, 2024.

Vietnam is set to fetch US$732 billion in foreign trade this year, representing an annual rise of 10%, said the Ministry of Trade and Industry at a year-end meeting in Hanoi on December 26.

1. Tyre asphalt concrete spreader supply
2. Exhaust gas suction system installation
3. Centrifuge concrete electric column supply
4. Glass insulation string insulator supply
5. Underground terminal cable supply
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1. Banks required to cut rates to support economic recovery
2. Cashless payment promoted in rural, remote areas
3. Vietnam obtains highest GDP growth rate since 2007
4. Vietnam-bright spot of world economic landscape
5. Hanoi reinforces status as Vietnam's top FDI destination
----and more news

Under a document issued on Thursday, banks have been required to cut operating costs and unnecessary expenses, as well as administrative procedures, so as to have room for lending interest rate reduction to support the economic recovery and development.

The total newly-registered capital, adjusted capital, capital contributions, and share purchases stood at $27.7 billion in 2022, equivalent to 89 per cent of last year, according to the Ministry of Planning and Investment's Foreign Investment Agency.

In addition to the increasingly stringent requirements for a production price reduction, faster delivery and higher quality, brands are demanding that businesses in the supply chain follow multiple policies on sustainability, green practices, energy saving and emission limiting.