Tony Nguyen

> Business News Vietnam’s Rice Exports Surge to $3.85B in First Eight Months Vietnam’s rice exports reached $3.85 billion in the first eight months of 2024, with 6.16 million tons shipped. This marks a 5.9% increase in volume and a 21.7% rise in value compared to the same period last year. The average export price …

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> Business News Gojek Bids Farewell to Vietnam Amid Strategic Shift Gojek has announced its exit from Vietnam starting September 16, 2024, after six years of operation. The decision is part of parent company GoTo’s strategy to streamline business operations, with Vietnam contributing less than 1% of GoTo’s total transactions. Gojek’s services in Ho Chi …

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> Business News Vietnam’s Durian Exports Surge to Record $1.6 Billion in First Seven Months Vietnam’s durian exports reached a record $280 million in July 2024, driven by high demand from China. The first seven months saw $1.6 billion in exports, a 50% increase year-on-year, with 92% going to China. The rise in prices has …

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> Business News Ministry to Survey 3,400 Enterprises for 2025 Wage Policy Insights The Ministry of Labor will survey 3,400 enterprises to inform 2025 minimum wage adjustments. This study will evaluate wage trends, business costs, and legal compliance in 18 localities, including Hanoi and Ho Chi Minh City. The findings will guide future wage policies …

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> Business News Vietnam Approves Four Firms for Credit Rating Services, Boosting Market Transparency The Ministry of Finance (MoF) in Vietnam has granted licenses to four companies to provide credit rating services from January to August 2024. The licensed companies—Saigon Ratings, FiinRatings, VIS Rating, and S&I Ratings—met all legal requirements under the Investment Law and …

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Business News | Vietnam’s Credit Bounces Back: August Recovery After July’s Dip” Vietnam’s bank credit began to recover in mid-August 2024 after a slight decline in July. The total outstanding credit in the economy increased by 6.25% from the end of 2023, with a notable rise in mid-August. The July dip was due to reduced short-term …

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> Business News $250M Long Thanh Airport Bid Lost Over $13 Fee The Hoa Lu consortium, led by Coteccons, lost a $250 million bid to construct the terminal at Vietnam’s Long Thanh Airport because they failed to submit a required 0.03% bidding fee, which amounted to $13. This consortium, which included six other contractors, contested …

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> Business News Vietnam Rises to Top of Global Rice Market with Record Export Prices Vietnam’s rice export prices have surged to become the highest globally, surpassing traditional leaders like Thailand and India (https://e.vnexpress.net/vietnam-main-rice-buyers/tag-1640058.html) This rise is driven by increased demand amid global supply constraints, alongside Vietnam’s record export volume, which exceeded 8 million tons …

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