Latest News in Vietnam


Chairman discusses businesses with Austrian firms

  Chairman of the National Assembly Vương Đình Huệ speaks to Austrian firms at an event organised by the Embassy of Việt Nam in Austria and the Austrian Federal Economic Chamber in Vienna. — VGP Photo VIENNA, Austria — Chairman of the National Assembly Vương Đình Huệ on Tuesday held a series of meetings with executives from […]

Vinamilk represents ASEAN in the Top Valuable Global Brands in 2021

  Customers buy Vinamilk’s products in a supermarket in China. — Photo courtesy of Vinamilk HÀ NỘI — With a brand value of US$2.4 billion, Vinamilk is the only representative of Southeast Asia to be listed in four global rankings on the world’s most valuable and strongest brands in 2021. In Brand Finance’s latest Food & Drink […]

HDBank offers meaningful customer experiences with digitisation

  A customer conducts transaction via a tablet at a HDBank branch. The bank has speeded up digital transformation to reduce transaction times and bring new experiences to customers. — Photo courtesy of the bank HCM CITY — The COVID-19 pandemic has hit all industries, including banking. But this is also an opportunity for banks to […]

State Bank agrees to extend debt rescheduling for six months

  The State Bank of Việt Nam’s headquarters in Hà Nội. — Photo HÀ NỘI — The State Bank of Việt Nam (SBV) has agreed to extend debt rescheduling for customers for a further six months. In Circular 14/2021/TT-NHNN issued on Tuesday, the central bank allows financial institutions to reschedule debts incurred before August 1, 2020, […]

Domestic tech accelerates investment in artificial intelligence

  A Driver Monitoring System has been developed by engineers of VinAI Research. AI has become a global technology trend, helping economic development. -— Screenshop of VinAi reseach  HÀ NỘI — Artificial intelligence (AI) is now the focus of global technology, with countries spending billions of dollars in research and development (R&D) to be at the forefront of new technology. Việt Nam is not outside […]

Vinamilk’s exports proved amid pandemic thanks to prestige and bravery

  Vinamilk’s production line. — Photo courtesy of Vinamilk HÀ NỘI — Vinamilk has continued to expand its foothold in global markets despite pandemic challenges, which helped maintain stable growth this year. The COVID-19 crisis has spread for nearly two years with trouble related to production and supply chains, creating barriers for exporters. However, the challenges posed by […]

Canadian businesses believe in Việt Nam’s medium-term economic outlook

  A plant in Việt Nam. The Vietnamese economy will remain stable and be driven by industrialisation and urbanisation in the medium term. — VNA/VNS Photo HÀ NỘI — Canadian entrepreneurs have voiced their belief in Việt Nam’s economic outlook despite the fourth wave of COVID-19 and the adverse impacts of the pandemic on the country’s […]

Export outlook depends on virus control

  Workers at a textile company in southern Bình Dương Province. — VGP Photo HÀ NỘI — Việt Nam’s exports may reach as high as US$313 billion by the end of 2021, a 10.7 per cent increase year-on-year, only if the country manages to stop the spread of the novel coronavirus, according to a report by […]

MSB allowed to add $155 million to its capital

A Maritime Bank employee talking to a customer. Photo courtesy of MSB HÀ NỘI — The State Bank of Việt Nam (SBV) has just allowed Maritime Bank (MSB) to raise its charter capital by more than VNĐ3.5 trillion (US$155 million) from the current level to nearly VNĐ15.3 billion through stock dividends. Maritime Bank said that the […]

VinaCapital economist warns against irrational exuberance in stock markets

  VinaCapital economist warns investors not try to play the stock market “timing” game by selling stocks now and try to re-enter later. — Photo HCM CITY — Investors should not try to play the stock market “timing” game by selling stocks now and try to re-enter later, investment fund VinaCapital has warned. Michael […]

HAG shares continue to trade under supervision of HoSE

Hoàng Anh Gia Lai’s worker collecting latex in one of its rubber plantation. Photo courtesy of HAG HÀ NỘI — The Hồ Chí Minh Stock Exchange (HoSE) has decided to keep Hoàng Anh Gia Lai JSC (HAG) shares under its control. Accordingly, on August 30, HoSE received Hoàng Anh Gia Lai’s semi-annual reviewed consolidated financial statement […]

Shares decline on strong selling force

  PetroVietnam Gas workers at its plant. Its shares (GAS) were down 1.9 per cent Tuesday. — Photo HÀ NỘI – Vietnamese shares declined on Tuesday, dragged by market heavyweights as selling pressure increased significantly towards the closing minutes of trading. The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) declined 0.33 per […]

Prudential extends premium payment grace period to 120 days

  Prudential Vietnam has announced an extension of the premium payment grace period to 120 days for policy holders who have to pay between August 30 and December 31, 2021. — Photo courtesy of the company HCM CITY — Prudential Vietnam Assurance Private Limited (Prudential Vietnam) has received approval from the Ministry of Finance to double […]

Hải Dương dragon fruit receives export code

  Farmers harvesting dragon fruit. — VNA/VNS Photo Quang Quyết HẢI DƯƠNG — Thirty hectares of dragon fruit in the northern province of Hải Dương have officially been granted with codes for export to the US, Australia and China. According to the provincial Department of Agriculture and Rural Development’s Authority of Crop Production and Plant Protection, Hải Dương’s Plant […]

Standard Chartered, Britcham join to drive sustainable development

  Standard Chartered Vietnam and the British Chamber of Commerce in Việt Nam have entered a partnership to promote sustainable development in Việt Nam. — Photo HÀ NỘI— Standard Chartered Vietnam and the British Chamber of Commerce in Việt Nam (Britcham) have signed a partnership agreement to promote sustainable development in Việt Nam and the […]

Agro-forestry-fisheries sector enjoys trade surplus of US$3.3 billion in eight months

  A shrimp processing line for export at Thông Thuận Company in the southern province of Ninh Thuận. Revenue from major aquatic products increased 7.1 per cent to US$0.6 billion. — VNA/VNS Photo Bùi Văn Lanh HÀ NỘI — The agro-forestry-fisheries sector’s export revenue reached about US$32.1 billion in the first eight months of this year, up 21.6 per […]

All-round report on Việt Nam’s start-up ecosystem to be unveiled

  Việt Nam will emerge in 2022 as the third-largest start-up ecosystem in Southeast Asia along with Singapore and Indonesia, according to the Southeast Asia Startup Ecosystem 2.0 report by Golden Gate Ventures. — Photo HÀ NỘI — The Việt Nam Open Innovation Landscape Report 2021, the most comprehensive and up-to-date overview of the […]

Banks warned of bad debts post pandemic

    Võ Trí Thành* Amid the devastating impacts of the COVID-19 pandemic on the whole economy and calls for support from enterprises, the State Bank of Việt Nam (SBV) has drafted new regulations which are supposed to help ease their financial burdens. Specifically, the central bank proposed a new timeline for loan forbearance and extension of […]

Việt Nam AI talent to partner with Australia

  With 372 patent applications in AI, Việt Nam ranks second in ASEAN.— Photo HÀ NỘI — The Ministry of Science and Technology (MoST) is encouraging individuals and organisations working in artificial intelligence to join an AI network between Việt Nam and Australia. According to the MoST, the Việt Nam- Australia Artificial Intelligence Cooperation Network was launched to help promote the national strategy on […]