• THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES

June 2022, sales of Nio's electric cars went through the roof

Nio's big competitors, such as XPeng Motors and Li Auto, also have a lot of sales. China's auto industry seems to have gotten back on its feet after the last round of COVID-19 outbreaks.

In Ho Chi Minh City, the Thanh Hoa Provincial Business Association hosted an investment promotion conference

Thanh Hoa Provincial Business Association and Thanh Hoa Entrepreneurs Club in Ho Chi Minh City and southern regions conducted an Investment Promotion Conference on July 1 in Ho Chi Minh City.

Celebrating the first time Vietnamese rice was marketed on the Japanese market

The event, which promoted Vietnamese rice goods for the first time on the Japanese market, drew a big number of participants from the Vietnamese community in Japan, as well as Japanese companies interested in distributing Vietnamese rice products...

As tourism improves, Thai Airways hopes to complete its reorganization by 2024

Thai Airways also said that it plans to start trading on the stock market again in 2025.

Investors in stocks need to exercise caution when it comes to the organizations and groups they join on social networks

Investors are cautioned by State Securities Commission to exercise caution while joining groups on social networking sites to avoid falling prey to manipulation, which might result in unneeded harm.

Two new approaches in the Northern Euro market

Northern Europe consists of small countries and has an open and modern economy. Import and export accounting for 50-60% of GDP on average. Despite their small populations, the Nordic countries' import volume is quite impressive.

Japan - a demanding and potential market

Currently, Vietnamese products have successfully penetrated the distribution chain in Japan, including coconut water, coconut milk, etc.

Dong Thap: Discussions on potential avenues of collaboration with Something Group (Japan)

Following the delegation of Dong Thap province's visit and working session at Something Group (Japan) in June, on the afternoon of July 1, Mr Sato KouiChiro - Foreign business director, cum member of the Council Something Group's management and Group members went to meet the leaders of Dong Thap province to learn and exchange cooperation opportunities shortly.

Manufacturing inventory hits record $1.8 billion worldwide

This inventory build-up can be traced back to factors such as difficulty shipping products due to supply chain disruptions and some companies intentionally stocking up in case, they experience stock shortages.

Opportunities to increase coffee exports to the US market

Coffee has many health benefits, changing consumption trends are expected to boost the US coffee market.

Cryptocurrency markets experience historic drops in Q2 of 2022

The cryptocurrency market saw a historic decline in the second quarter of 2022 in the face of pressure to raise interest rates by global central banks and persistent inflation. At the end of the first quarter of 2022, the cryptocurrency market size exceeded $2,165 billion, by the end of the second quarter of 2022, the market capitalization had dropped to around $850 billion, a decrease 60.7% stunned investors in this market.

The business community is burdened by the "thirst" for human resources, as well as the pressures of raw material pricing and logistical expenses

Labor unit prices climbed by 20-30%, but construction firms still struggled to recruit employees; labour in the tourist sector declined by 55-60%, and many 5-star hotels were hesitant to reopen. Raw materials are in low supply, driving up prices, logistical costs are high, manpower is scarce, and financial availability remains limited.

Phu Tho: In the new time, continue to react to the campaign "Vietnamese people give preference to utilizing Vietnamese products"

Following the direction of the Provincial Party Committee, the People's Council, the Provincial People's Committee, and the Ministry of Industry and Trade, the Department of Industry and Trade of Phu Tho province has coordinated actively with relevant departments, branches, and units to continue implementing the "People's Republic of China" campaign effectively. Vietnam emphasizes employing Vietnamese products" in the current environment (Post-COVID) has considerably helped to the socio-economic recovery and growth of the province.

Over 14 billion USD in foreign capital has been invested in Vietnam in the last six months

It is estimated on June 20, 2022, total capital registered for new foreign direct investment capital, adjusted and contributed capital to buy shares of foreign investors has reached over $14.03 billion, an increase of 91.1 per cent over the same period in 2021, according to Foreign Investment Agency (Ministry of Planning and Investment).

Experts estimate that seafood shipments to the US market will fall by the end of the year

Mr Nguyen Hoai Nam, Deputy General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), stated at the CEO Forum "Removing Difficulties for Seafood Enterprises - An Insider's Perspective" recently held in Ho Chi Minh City that currently, seafood materials from other countries are increasing strongly, which may cause import prices in the US to decrease, and there is also fierce competition among suppliers.

Real estate business in Ho Chi Minh City decreased by 5.82% in the first 6 months of the year

During the first half of the year, the only industry in Ho Chi Minh City declined, namely the real estate business, which declined by 5.82%. Three out of nine industries grew by less than 6%, including wholesale and retail, which increased by 3.10%; accommodation and food services, which increased by 2.08%; and education and training, which increased by 4.99%.

The 3,000 billion airports in the West continue to have unsatisfactory sales

From the beginning of 2022 until the present, the whole nation has been in a state of simultaneous recovery in all areas. As a result, there is an urgent need for local and international routes to be "opened" and "connected" to satisfy rising passenger demand.

Vietnam to grant FLEGT licence to wood exports in 2025

Vietnam is set to grant a licence under the Voluntary Partnership Agreement/FAO-EU Forest Law Enforcement, Governance and Trade (FLEGT) Programme to wood exports in 2025, after it completes preparing necessary conditions, reported a government official familiar with the sector.

Reform needed to support oil and gas industry: experts

Experts have raised strong support for a comprehensive reform for the draft revised Petroleum Law that will help further develop the country’s oil and gas industry.

MoC proposes controlling bond issuance of property firms

The Ministry of Construction (MoC) has proposed controlling the bond issuance activities of real estate enterprises but not tightening investment in real estate bonds, Nguyen Manh Khoi, Deputy Director of MoC's Housing and Market Management Department, said at the monthly press conference held on June 13.