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Forestry sector aims to gain $14b exports in 2021

The forestry sector targets the export value of timber and forest products to reach US$14 billion in 2021. — VNA/VNS Photo HÀ NỘI — The forestry sector targets the export value of timber and forest products to reach US$14 billion in 2021, according to the Việt Nam Administration of Forestry. This sector will also develop […]


VN’s exports maintain growth despite pandemic

Việt Nam exported US$281.5 billion in goods and services in 2020, a 6.5 per cent year-on-year increase. — Photo vtv.vn HÀ NỘI — Việt Nam exported US$281.5 billion in goods and services in 2020, a 6.5 per cent year-on-year increase while maintaining of a positive trade balance of over $19 billion, the Ministry of Trade […]


Online network event boosts VN-Thailand trade partnership

  Vietnamese and Thai firm representatives at the Việt Nam-Thailand Online Business Matching event held in Hà Nội on Thursday. VNA/VNS Photo Linh Anh HÀ NỘI — A Việt Nam-Thailand Online Business Matching event was held in Hà Nội on Thursday to connect Vietnamese and Thai companies in light of the COVID-19 pandemic. The event was co-organised […]


Shares rise for five straight sessions

HÀ NỘI — Vietnamese shares rose for the fifth session in a row on Thursday as investors piled into financial and energy stocks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 1.16 per cent to end the session at 1,156.49 points. The southern market index had gained 5.3 per cent in the last five […]


Phù Mỹ solar power plant goes on stream

  The Phù Mỹ solar farm in Bình Định Province’s Phù Mỹ District, which began commercial operation on December 31. — Photo courtesy of BCG Energy HCM CITY — The Phù Mỹ solar power plant in Bình Định Province began operation and was connected to the national grid on December 31 just seven months after […]


Disbursement of public investment at record since 2016, still misses Gov’t target

  The disbursement of public investment was estimated at VNĐ398 trillion as of the end of December, meeting 82.8 per cent of the Government’s plan, the highest rate in the past five years. — Photo dantri.com.vn HÀ NỘI — The disbursement of public investment was estimated at VNĐ398 trillion as of the end of December, meeting […]


Bạc Liêu should focus on hi-tech shrimp farming: deputy minister

  Bạc Liêu is expanding sustainable shrimp farming to help the country achieve its shrimp export target of US$10 billion by 2025. — VNA/VNS Photo HCM CITY – The southern province of Bạc Liêu should focus on super intensive, high-tech shrimp farming to become the nation’s shrimp hub, Deputy Minister of Agriculture and Rural Development Phùng Đức Tiến has said. […]


Property prices expected to rise 10 per cent in 2021

  Legal bottlenecks should be removed for real estate development in Việt Nam because all firms want a fair, open and healthy business environment. — Photo danviet.vn HÀ NỘI — Real estate prices in 2021 are expected to increase by 10 per cent over the previous year, said Nguyễn Văn Đính, deputy general secretary of the […]


Vietnamese billionaires’ net worth increases after battling headwinds of 2020

Six richest people in Việt Nam as of January 6.  HÀ NỘI — 2020 was a difficult year for the global economy including Việt Nam, but some Vietnamese billionaires still saw their net asset value increase. According to Forbes, besides five familiar faces which were included on its World Billionaires list in 2019, there is the […]


VPBank praised for sustainability

  Transactions at VPBank. VPBank has been one of the first commercial banks building a special department for social and environmental risk management. — Photo courtesy ò the bank HÀ NỘI — VPBank was named among the top 20 listed companies with the highest Việt Nam Sustainability Index (VNSI) in the market in the evaluation period in July […]


Shares rise on strong injection of cash flow

  Customers at a branch of Vietinbank (CTG). CTG hit the daily limit rise of 7 per cent on Wednesday. — Photo courtesy of Vietinbank  HÀ NỘI — Vietnamese shares nudged higher on Wednesday as investors poured cash flow into blue-chip stocks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.94 per cent […]


Hanwha Life Vietnam strives to offer comprehensive solutions

  1. Im Dong Jun, CEO cum chairman of the Member Council at Hanwha Life Vietnam. Hanwha Life Vietnam, a life insurance company from South Korea, has achieved impressive growth since it entered the Vietnamese market in 2009. Last year was filled with challenges caused by the Covid-19 pandemic, but business remained steady for Hanwha Life Vietnam, which managed to sustain growth. Its CEO, Im Dong Jun, speaks about his plans […]


Vietjet named one of the world’s top 10 safest and best low-cost airlines

  Passengers disembarked a Vietjet flight in Thailand. — Photo courtesy of Vietjet HCM CITY —  Vietjet has been recognised as one of the world’s top 10 safest and best low-cost airlines in 2021 by airline safety and product rating website AirlineRatings. Other carriers on the list are Ryanair, EasyJet, Frontier, Wizz and Westjet. AirlineRatings also rated Vietjet at the highest seven-star level […]


Việt Nam expects to hit its GDP goal in 2021 with stable economic development

  GSO General Director Nguyễn Thị Hương Việt Nam’s gross domestic product (GDP) was estimated to increase 2.91 per cent in 2020 due to the Government’s economic management experience over the past years, a safe and healthy macroeconomic environment and stable politics. In 2021, the economic growth is expected to reach the target of 6 […]


Vietnamese dragonfruit needs to find new export markets: Experts

  Vietnamese dragon fruit needs to increase its value to enter new export markets and reduce the dependency on the Chinese market. VNA/VNS Photo HCM CITY – In the first 11 months of this year dragonfruit exports fell by 10 per cent because of the COVID-19 pandemic but still dominated Vietnamese fruit exports with shipments […]


HDBank first in Việt Nam to offer letters of credit on blockchain

  An HDBank branch in HCM City. HDBank has become the first lender in Việt Nam to offer blockchain-based letter of credit transactions. — Photo courtesy of the bank HCM CITY — HDBank, the first Vietnamese bank to enter the global financial and commercial network, has pioneered the issuance, document presentation and successful payment of letters of credit […]


Investment funds beat the market in 2020

VinaCapital’s VOF was the second best performer last year. Photo vinacapital.com HÀ NỘI — 2020 marked an unexpectedly successful year for big investment funds in Việt Nam, with Pyn Elite Fund having the best performance. Despite global disruptions affecting all economic sectors due to COVID-19, most big investment funds in Việt Nam’s stock markets recorded […]


City’s retail market grew by 11.9 per cent despite pandemic

  Saigon Co.op recently opened Co.opmart Tháp Mười in Đồng Tháp Province, its 128th store. Việt Nam’s retail market was worth US$172 billion last year. — VNS Photo Trương Vị HCM CITY — The HCM City market grew by 11.9 per cent to VNĐ759.7 trillion ($32.84 billion). Considering the impacts of the pandemic, the growth […]


Fintech forecast to be robust this year, driven by the creation of regulatory sandbox

  A majority of fintech companies in Việt Nam operate in payment service. — Photo laodong.vn HÀ NỘI — The regulatory sandbox for financial technology (fintech) which is expected to be created this year, coupled with efforts to promote the use of digital financial services, are expected to accelerate the development of fintech in Việt Nam. Governor […]


Inflation control cannot be taken lightly

People shop at Aeon Mall Long Biên, Hà Nội. — VNA/VNS Photo Trần Việt HÀ NỘI — Although many forecasts said that inflation would be controlled at less than four per cent this year, economists recommended it was still important to pay attention to inflationary pressures. A representative of the Price Management Department under the Ministry of Finance said that in […]