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UK trade deal gives Vietnamese consumers greater access to luxury goods

Under the EUVFTA, which took effect on August 1, 2020, the EU immediately removed import duties on 85.6 per cent of tariff lines equivalent to 70o .3 per cent of Việt Nam’s exports. Photo vneconomy.vn  Compiled by Thiên Lý Trần Hùng Khương, owner of an automobile shop in HCM City’s Tân  Bình District, said people […]


Digital transformation helps local firms change business methods

  Minister of Information and Communications Nguyễn Mạnh Hùng granted the awards to businesses in the VNR500 ranking. Photo vietnamnet.vn HÀ NỘI Firms in almost all key sectors have set digital transformation as a priority strategy, which has been accelerated by the COVID-19 pandemic, said Minister of Information and Communications Nguyễn Mạnh Hùng. Hùng made the […]


Shares to move upwards on analyst forecast

  Investors make transactions at SSI Securities Co’s trading floor. SSI rose 3.2 per cent last week. Photo courtesy of SSI HÀ NỘI — High liquidity and outperforming sectors last week made analysts optimistic about the market trend this week, saying that the uptrend will continue. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange […]


Provinces rushing to deploy 5G

A worker of Viettel checks 5G equipment. — Photo courtesy of Viettel HÀ NỘI — After telecoms carriers conducted commercial 5G trials in big cities like Hà Nội and HCM City, many provinces have sent recommendations to the Ministry of Information and Communications to allow the carriers to deploy 5G in their urban areas, industrial zones […]


Vietnamese businesses set mixed targets for 2021

  GELEX expect its profit to double this year after the merger with Viglacera. Photo gelex.vn HÀ NỘI — After performing well last year despite the COVID-19 pandemic, many companies have prepared new plans for 2021. While some firms, such as GELEX, have doubled their targeted profits, others which reported good results in 2020 have lowered their expectations. […]


Cement industry: domestic sale forecast to increase but export to slowdown

  Cement packs loaded for export at Thị Nải Port. The cement industry was forecast to see a significant increase in domestic sale in 2021 but export to slow down. — VNA/VNS Photo Viết Ý HÀ NỘI — The cement industry is forecast to see a significant increase in domestic sales in 2021, driven by investment in […]


HDBank consistently awarded for sustainable development

  An HDBank branch in HCM City. HDBank has been consistently honoured for its sustainable development. — Photo courtesy of the bank HCM CITY — HDBank was named among the top 20 companies in terms of sustainability in a ranking put out by the Ho Chi Minh Stock Exchange. In HoSE’s just announced results of […]


Viettel announces rebranding

  Lê Đăng Dũng, acting Chairman and General Director of Viettel Group, talks about their new brand identity. — VNS Photo HÀ NỘI — Viettel Group on Thursday unveiled its new branding, including a new logo and slogan, marking the firm’s second rebrand after the first in 2004. “The reason for the rebranding of the Viettel […]


Insurance firms struggle to attract investors despite good performance amid pandemic

Share prices of BVH decreased more than 4 per cent despite an increase of 29.4 per cent in the company’s profit after taxes. Photo baoviet.com HÀ NỘI — Insurance companies performed well in Việt Nam during the COVID-19 pandemic, but their shares have not attracted much attention from investors. There are 11 insurance firms listed in Việt […]


VISSAN ready to serve customers during Tết

  Customers buy pork at a VISSAN store in HCM City. VISSAN has earmarked VNĐ900 billion to prepare goods to serve customers during Tết 2021. — Photo courtesy of the company  HCM CITY — VISSAN Joint Stock Company, which processes and sells fresh and frozen meat and processed foods, said it began preparing ingredients last […]


Việt Nam continues to move forward in 2021

   Dr Trần Thị Hồng Minh, Director of the Central Institute for Economic Management. — VNA/VNS Photo  Dr Trần Thị Hồng Minh, Director of the Central Institute for Economic Management, talks to the Vietnam News Agency about Việt Nam’s potential for economic development in 2021 What was the driving force for Việt Nam to achieve the growth […]


State budget revenue in 2020 reaches 98 per cent of target

  Prime Minister Nguyễn Xuân Phúc shakes hands with participants at a conference to review the work of the State budget-finance in 2020 and the implementation of the tasks this year. VNA/VNS Photo Thống Nhất  HÀ NỘI —The total state budget revenue in 2020 reached more than VNĐ1.5 quadrillion (US$65 billion), as much as 98 per […]


Việt Nam to be among top growth performers again in 2021: HSBC

  Tourists wear face masks in Hà Nội early last year. Tourism-related services like accommodation and transportation are still in a bleak situation due to cross-border travel restrictions. VNA/VNS Photo Minh Quyết  HÀ NỘI — Việt Nam posted the fastest growth in Asia in 2020 and will again be among the most outstanding performers in […]


Việt Nam imports Indian broken rice

  Việt Nam’s rice export in 2021 is forecast to continue to rise because Vietnamese rice is now well-positioned to compete in large markets.— Photo vietnamnet.vn HÀ NỘI — Việt Nam, for the first time in decades, has signed a contract with India to buy 70,000 tonnes of 100-per cent broken rice from India to meet increasing demand […]


Shares move up after early corrections

  A man withdraws cash at an ATM booth of Sacombank. Sacombank (STB) rallied more than 5 per cent on Friday. — Photo courtesy of Sacombank HÀ NỘI — Shares shook early during Friday’s trading session but the strong cash flow poured into the market still pushed indices up. The benchmark VN-Index on the Hồ Chí Minh […]


No decision about tariffs on Vietnamese goods yet: USTR

  Minister of Trade and Industry Trần Tuấn Anh during a phone call with US Trade Representative Robert Lighthizer in Hà Nội. — Photo courtesy of the Ministry of Trade HÀ NỘI — The Office of the United States Trade Representative (USTR) is in the middle of gathering and analysing information and has not yet reached any conclusions or […]


Online promotion a trade gateway for SMEs

  Small and medium-sized enterprises should embrace online trade promotions to expand export markets amid the COVID-19 pandemic. — VNA/VNS Photo HCM CITY — Online trade promotion offers businesses, especially small and medium-sized enterprises (SMEs), direct access to international customers, boosts their sales, speeds up the marketing process, and saves costs, experts have said. The Việt Nam Trade Promotion […]


Investments in HCM City industrial parks surge

  Workers at Misumi Vietnam Company in Linh Trung Export Processing Zone in HCM City. VNA/VNS Photo Thanh Vũ HCM CITY — HCM City’s industrial parks and export processing zones attracted US$747.6 million worth of investment last year, a 15.7 per cent increase from 2019. Announcing this, the HCM City Export Processing and Industrial Zones Authority said the impact […]


FDI enterprises increase but more losses reported

  Bạc Liêu Province leads other in attracting FDI in Việt Nam in 2020 with the total foreign investment of about $4.5 billion. Number of FDI enterprises increases but many of them report losses. — Photo cafeland.vn. HÀ NỘI — The number of foreign direct investment (FDI) enterprises continues to increase in Việt Nam, but more are reporting losses. […]


Livestock industry targets production growth of 6 per cent

  The country has boosted pork imports to make the pork price reduce from the end of the third quarter. — Photo nld.com.vn HÀ NỘI — Việt Nam’s livestock industry hopes to increase its average production growth rate in 2021 by 5-6 per cent, according to the Department of Livestock Production under the Ministry of Agriculture and […]