Latest News in Vietnam


VPBank, AXYS Group join hands to help businesses go online

  VPBank and AXYS Group sign cooperation agreement to launch a programme that help Vietnamese firms develop their online business in a sustainable manner in HCM City on April 8. — Photo courtesy of AXYS HCM CITY — Vietnam Prosperity Commercial Joint Stock Bank (VPBank) and AXYS Group that specialises in providing online and business […]

Sacombank, Bamboo Airways in strategic tie-up

t Nguyễn Đức Thạch Diễm, CEO of Sacombank, and Đặng Tất Thắng, CEO of Bamboo Airways, sign a comprehensive cooperation agreement in HCM City on April 9, with the witness of the two sides’ executive boards. — Photo courtesy of Sacombank HCM CITY — Sacombank and Bamboo Airways signed an agreement on April 9 to […]

Voting of Việt Nam’s top 10 ICT businesses 2021 launched

  The Việt Nam Software and IT Services Association (VINASA) launches voting for the annual top 10 leading Vietnamese ICT firms in 2021. — Photo courtesy of VINASA HÀ NỘI — The Việt Nam Software and IT Services Association (VINASA) has begun voting procedures to find the top 10 leading information, communication and technology (ICT) firms in 2021. […]

Việt Nam Digital Transformation Day to take place in May

  VINASA’s Vice Chairwoman cum General Secretary Nguyễn Thị Thu Giang delivered a speech at a press meeting. — Photo courtesy of VINASA HÀ NỘI — Digital transformation progress in eight priority fields under the national digital transformation initiative will be discussed at the Việt Nam Digital Transformation Day (DX Day 2021). The event themed ‘National Digital […]

Local banks earn high profits in the first quarter of 2021

  A customer at a Vietcombank branch in Hà Nội. — Photo HÀ NỘI — In the first quarter of this year, all local banks reported high profit growth amid the impact of the COVID-19 pandemic. However, the profit growth does not reflect the complete economic picture, according to banking insiders. It is reported that about 10 banks announced […]

MoIT proposes 35 per cent cap on foreign investment in petrol market

  Due to some existing controversy, the Ministry of Industry and Trade (MoIT) has proposed the Government ban foreign investors from owning any stake in local petrol and oil businesses. — VNA/VNS Photo HÀ NỘI — The Ministry of Industry and Trade (MoIT) has proposed a 35 per cent cap on foreign investment in local oil and […]

VN-Index declines for a second day, penny stocks in the spotlight

  Transactions at Bank of Investment and Development of Vietnam (BID). BID lost 1.1 per cent Friday. VNA/VNS Photo HÀ NỘI — The VN-Index declined for a second day on Friday, concluding the week at 1,231.66 points, down 0.26 per cent from Thursday. The market on Friday focused on mid-cap and penny stocks with many […]

Law on management of State capital in enterprises should be changed: experts

  Đặng Quyết Tiến, director of the Department of Corporate Finance from the Ministry of Finance mentions shortcomings in the current law on the investment of State capital in production and business in enterprises. — VNA/VNS Photo Phạm Hậu HÀ NỘI — The law on managing the use of State capital invested in an enterprise’s manufacturing has […]

Mini Thailand Week underway in Hải Phòng

  Visitors at the event. — VNA/VNS Photo An Đăng HẢI PHÒNG A trade fair for Thai products called Mini Thailand Week 2021 was launched in the northern city of Hải Phòng on Thursday, with 60 booths. The booths belong to 35 importers of Thai products to Việt Nam and showcase a wide range of products, from food to fashion, beauty, and […]

Digiworld reports high profit growth in 2020

  Digiworld holds shareholder meeting in HCM City on Tuesday. – VNS Photo HCM CITY – Digiworld Coporation (“DGW”) on Tuesday reported a year-on-year growth of 48 per cent in revenue and 64 per cent in profit for 2020. At the shareholders’ meeting on Tuesday in HCM City, the company reported that it had achieved total net revenue […]

Hòa Phát Group sells over 2.16 million tonnes of steel in Q1

  A Hoà Phát steel factory. — Photo VNA/VNS Photo HÀ NỘI — Leading steel manufacturer Hòa Phát Group sold more than 2.16 million tonnes of steel in the first quarter of this year, recording strong increases in the sales of all products in the period. The sale of construction steel hit 855,000 tonnes, a year-on-year surge of 17 per […]

Prudential achieves solid growth in 2020, accounts for 30% of industry claims payouts

  A Prudential Vietnam customer care centre in HCM City. Prudential reported excellent growth last year despite the COVID-19 pandemic. — Photo courtesy of the company HCM CITY — Prudential Vietnam reaffirmed a year of sustainable growth and enhancements in its business operations in 2020, while continuing to prioritise the health and wealth of customers […]

Biotechnology contributes to higher productivity and increased incomes

  A maize collection point in Sơn La Province. VNA/VNS Đình Huệ HÀ NỘI — The adoption of biotechnology in corn production in Việt Nam had resulted in higher productivity, increased income and environmental improvement, attendees heard at a workshop held in Hà Nội on Wednesday. The workshop was organised by the Việt Nam Seed Trade Association (VSTA), Việt Nam […]

Airlines await vaccine passports for resumption of international flights

  The Civil Aviation Authority of Vietnam (CAAV) has submitted a plan on the reopening of international flights in three stages to the Ministry of Transport. – VNA Photo HÀ NỘI — Although vaccine passports are not yet an official policy in Việt Nam, airlines are preparing for the resumption of international flights based on their […]

Việt Nam to apply temporary anti-dumping measures on Malaysian steel products

H-shaped steel products. — Photo HÀ NỘI — Việt Nam will apply temporary anti-dumping measures on some H-shaped steel products originating from Malaysia. The Trade Remedies Authority of Việt Nam said the Ministry of Industry and Trade recently issued Decision No.1162/QĐ-BCT to apply temporary anti-dumping measures on some H-shaped steel products from Malaysia. The temporary anti-dumping tax […]

Vietnamese firms participate in M-Tech Nagoya exhibition

  Vietnamese firms introduce products at M-Tech Nagoya Exhibition. — VNA/VNS Photo TOKYO — Vietnamese businesses have joined the Mechanical Components & Materials Technology Expo (M-Tech), which opened in Nagoya, the capital city of Aichi Prefecture, Japan on Wednesday. The annual M-Tech Nagoya exhibition is the biggest of its kind in Japan, gathering a large number […]

HDBank profit up 67.8% in Q1, income from services doubles

  An HDBank transaction office in HCM City. The bank reports solid growth in the first quarter of the year, with profit up 67.8 per cent, income from services doubled. — Photo courtesy of the bank HCM CITY — The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – ticker symbol: HDB) said […]

Large farm produce processing factory inaugurated in Lào Cài

  The factory was put into operation after six months of construction. — VNA/VNS Photo Quốc Khánh LÀO CAI —A vegetable and fruit processing factory, worth VNĐ42 billion (US$1.82 million) was put into operation in Lùng Vai Commune, Mường Khương District of the northern mountainous province of Lào Cai on Wednesday. Invested by the Asia Foods Company, the […] stops trading H&M products over map with nine-dash line

  A screenshot of Fado annoucement to suspend the sale of H&M products from its website.. — VNA Photo HCM CITY — The cross-border e-commerce platform, on April 7, officially announced its indefinite halt of trading items from the Swedish fashion retailer H&M, following H&M’s posting of a map containing the so-called nine-dash line on […]