Latest News in Vietnam


Vietnamese firms told to be ready for legal challenges when exporting to US

  Inspection of dragon fruit by the US Animal and Plant Health Inspection Service at the Sơn Sơn Irradiation Company in HCM City’s Bình Tân District. VNS Photo Bồ Xuân Hiệp HCM CITY — Vietnamese enterprises must be well prepared for legal issues if they seek to export to the US market, a seminar heard […]

Việt Nam hands over EABC Chairmanship to RoK

Chairman of the Vietnam Chamber of Commerce and Industry Vũ Tiến Lộc. – VNA/VNS Photo  HÀ NỘI – Chairman of the Vietnam Chamber of Commerce and Industry Vũ Tiến Lộc, as Chairman of the East Asia Business Council (EABC) in 2020, recently handed over the EABC Chair to Hak-hee Jo, Executive Managing Director of the Korea International […]

OCB eyes spot among 5 best private bank in Việt Nam

  OCB’s pre-listing road show in HCM City late last week. — VNS Photo HCM CITY — Orient Commercial Join Stock Bank wants to become one of the top five private banks in Việt Nam, its chairman, Trịnh Văn Tuấn, has said. Speaking at the bank’s re-listing road show in HCM City last week, he told prospective investors the bank is set […]

Hòa Phát Group posts 80 per cent growth in after-tax profit

  The Hòa Phát steel mill in Hưng Yên Province. — Photo VNA HÀ NỘI — Despite the impact of the COVID-19 pandemic, the Hòa Phát Group recorded a surge in both revenue and profit in 2020, the inter-sectoral conglomerate has said. It earned almost VNĐ91.28 trillion (US$3.9 billion) in revenue and posted VNĐ13.5 trillion in after-tax profit last […]

Shipping industry needs State support to develop: ministry

  A container ship docked at Cái Mép Gemadept port-Terminal Link in Bà Rịa-Vũng Tàu Province. The development of cargo ships is a part of the sustainable development strategy of Việt Nam’s marine economy. VNA/VNS Photo  HÀ NỘI – The domestic shipping industry needs support from the State to develop Việt Nam’s fleet of cargo ships, according to […]

Airport logistics companies report profits despite COVID-19

  Nội Bài Cargo Terminal Services (NCT) reported revenue in the fourth quarter of 2020 of VNĐ205.6 billion (US$8.9 million), an increase of 11 per cent in the same period last year. Photo  HÀ NỘI — Although the aviation industry was ravaged by the COVID-19 pandemic, logistics companies at airports still maintained operations. Nội […]

VDAS launches VinFast global showroom design contest, offers over $60,000 in prizes

  The Việt Nam Design Association – HCM City has launched the ‘VinFast Global Showroom Design Competition 2021’ to find the most outstanding design idea for VinFast’s global showrooms. HCM CITY — The Việt Nam Design Association – HCM City has launched the ‘VinFast Global Showroom Design Competition 2021’ to find the most outstanding design idea for […]

Vingroup to mobilise $302 million to pump capital into VinFast and VinSmart

  The logo of VinFast on an SUV. Photo courtesy of VinFast. HÀ NỘI — Việt Nam’s largest private conglomerate Vingroup plans to issue three tranches of bonds with a total volume of 6.97 million bonds to raise capital for its subsidiaries VinFast and VinSmart. The bonds have a correspondent value of VNĐ6.97 trillion (US$302 million). […]

PNJ profit surpasses 21 per cent target

  Lê Trí Thông, PNJ CEO, on behalf of the company, receives an HCM City Brand Award from the municipal People’s Committee at a ceremony held in HCM City last week. The company reports good business results in 2020. — Photo courtesy of PNJ HCM CITY — Phú Nhuận Jewelry Joint Stock Company maintained its growth momentum […]

Market finishes lower as investors abandon bank stocks

Masan High-Tech Materials’ mineral processing plant at Núi Pháo Mine, Thái Nguyên Province. Photo HÀ NỘI — Việt Nam’s stock market fell on Monday as banking, securities, oil and gas stocks faced selling pressure. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) reversed course after a morning increase. The index slightly decreased by 0.06 […]

Total of 205 traders allowed to export rice

  The rice storage of Sông Hậu Food Company in Cần Thơ City. — VNA/VNS Photo  HÀ NỘI — Up to 205 local traders nationwide were permitted to export rice as of January 18, following a list released by the Ministry of Industry and Trade’s Import and Export Department.   Per the list, the Mekong Delta City of Cần Thơ saw the highest […]

Silicon Valley investor lands in Đà Nẵng

A plan of the United States Enterprises plant. The central city’s industrial zones and hi-tech park authority has granted an investment licence to the United States Enterprises plant project worth US$110 million. Photo courtesy of DHPIZA ĐÀ NẴNG — Đà Nẵng City’s industrial zones and high-tech park authority (DHPIZA) has granted an investment licence to a semiconductor project […]

HCM City secures pork supply for Tết

  Customers buy pork at a supermarket in HCM City. The city and pork distributors have ensured adequate supply of the meat at below market prices for Tết . – VNS File Photo HCM CITY – HCM City distributors have stockpiled enough pork to meet demand during Tết (Lunar New Year) in mid-February, Lê Huỳnh Minh Tú, deputy director […]

More efforts needed to realise VN’s huge cloud computing potential: analysts

IBM Institute for Business Value says that 56 per cent of Vietnamese enterprises are using cloud management platforms. — Photo  Compiled by Thiên Lý According to Viettel IDC, the Vietnamese cloud computing market is worth around US$133 million and is expected to grow to $500 million by 2025. A survey by the IBM Institute […]

Demand for imported luxury seafood rises

  Demand for high class seafood is expected to rise further during Tết. – Photo HCM CITY – Việt Nam’s imports of high-value seafood such as king crabs and lobsters are rising due to their falling prices, and are expected to rise even further during Tết, experts have said. Robert Greenan, deputy consul general […]

Vietnamese companies thrive despite divestment of foreign shareholders

The blast-furnace No 1 of Hoà Phát – Dung Quất Iron and Steel Integrated Complex. Photo HÀ NỘI — The increase in Việt Nam’s stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies’ internal systems.  Foreign shareholders play important roles in supporting business activities and creating a […]

No new 2G, 3G phones in VN from July 1

  Production of phones using 2G and 3G technology would stop in Việt Nam from the beginning of July. — File Photo HÀ NỘI — The production and import of phones using 2G and 3G technology will stop from the beginning of July, according to a new circular from the Ministry of Information and Communications. Circular No 43 about national technical regulations […]

Banks to introduce domestic credit chip cards to promote cashless payments

  Domestic credit chip cards with unified standards were expected to be introduced this week. — File Photo HÀ NỘI — The National Payment Corporation of Việt Nam (Napas) last week said it would work with seven banks to introduce domestic credit chip cards with unified standards to limit cash payments and tackle black credit. The […]

Việt Nam posts remarkable economic achievements in 2016-20 period

Looking back at Việt Nam’s external affairs over the past 35 years Personnel procedures for upcoming Party congress ‘transparent, democratic, objective’: Party official Singaporean scholar impressed by Việt Nam’s successes 13th National Party Congress – new milestone in Việt Nam’s development process Việt Nam’s foreign policy greatly enhances the country’s position: expert   From a […]

Indian, VN agree need for enhancing investment, trade ties

  The India-Việt Nam Business Forum was held in HCM City last week in the form of virtual and in person. — VNS Photo HCM CITY — Trade and investment ties between Việt Nam and India, both dynamic and rapidly developing economies, are not commensurate with the potential and need to be enhanced, according to […]