Vietnamese internet firm VNG Corporation has retracted its initial public offering (IPO) registration in the United States, as per a statement submitted to the U.S. Securities and Exchange Commission on Jan. 19. VNG, based in Ho Chi Minh City, stated…
The Vietnamese government is implementing new strategies outlined in its annual resolution to sustain economic growth and achieve a targeted export revenue of $376 billion in 2024, reflecting a 6% YoY increase. Despite a GDP of $430 billion in the…
Vietnam is experiencing an influx of numerous multimillion-dollar ventures, signaling a positive outlook for foreign investment mobilization and contributing to economic growth in 2024. During discussions with leaders of the northern province of Nam Dinh last week, Crystal Group proposed…
Yadea marked a pivotal moment in its Southeast Asian expansion with the groundbreaking ceremony for its second factory in Bac Giang, a northern province of Vietnam, on January 21. Covering an expansive 232,200 square meters in Tan Hung Industrial Park,…
Vietnam is set to launch its inaugural domestic weather satellite early next year, aimed at providing advance warnings for natural disasters. LOTUSat-1, developed with support from Japanese engineers, is anticipated to be finalized by March, according to Le Xuan Huy,…
A waste processing facility located in the central Thua Thien Hue Province is on track to produce 12MW of electricity per hour by handling a daily load of 600 tons of waste. Situated in Phu Son Commune within Huong Thuy…
Responding to the surge in container shipping costs to Europe and the Americas by sea, the Vietnamese Ministry of Transport has instructed the Vietnam Maritime Administration and relevant agencies to provide support to enterprises. The Vietnam Maritime Administration is tasked…
Amkor Technology, Inc.’s extensive semiconductor assembly and testing facility in Bac Ninh, located in the northern province, is gearing up for mass production in 2024. Kim Sung Hun, the General Director of Amkor Technology Vietnam, shared this information during a…
The escalation of tensions in the Red Sea, resulting in heightened logistic costs and extended shipping times, is anticipated to impact Vietnamese exporters of garments, textiles, footwear, and leather products starting from the second quarter of 2024 if the situation…
While a number of private banks experienced a halt in their profit growth trajectories in 2023, state-owned banks maintained robust double-digit expansion rates. Among the 27 listed banks, 14 witnessed a decline in profits during the initial nine months compared…