The Vũng Tàu intersection (between Highway 1 and Highway 51) in the southern key economic region is always congested. Photo sggp.org.vn HCM CITY — Localities in the southern key economic region need to set up an “investment fund” to develop transport infrastructure to enhance connectivity in the region to ensure sustainable growth, experts have […]

  Supermarkets and e-commerce floors are bustling ahead of Tết (the Lunar New Year) on February 12. VNA/VNS Photo HCM CITY – With people afraid to visit public places like supermarkets because of Covid-19, e-commerce floors have become a convenient and safe shopping place for Tết items. With Việt Nam boasting a large internet community […]

  An ABBANK branch in Hà Nội. — Photo courtesy of the bank HCM CITY — An Bình Commercial Joint Stock Bank (ABBANK) achieved a pre-tax profit of VNĐ1.37 trillion (US$59.3 million) in the first 11 months of the year, equivalent to 101 per cent of the target for the full year. It gains positive […]

  Domestic mechanical engineering companies are struggling to compete with foreign competitors, even in the domestic market. — File Photo HÀ NỘI — Việt Nam needs to increase policies to promote the development of the domestic mechanical engineering industry and enable local manufacturers to compete with foreign competitors. According to the Việt Nam Mechanical Association, despite being considered […]

  Customs officers implement special checks. The sector has to take stronger action regarding high-risk commodities like gasoline, minerals and goods subject to high tariffs. — Photo thoibaotaichinh.vn HÀ NỘI — A finance ministry official on December 24 asked the customs sector to exert every effort to surpass the target of VNĐ315 trillion (US$13.6 billion) in […]

  Total Workforce Index 2020 has identified the top five markets globally for cost efficiency: the Philippines, Croatia, Morocco, Việt Nam and Thailand. Photo ManpowerGroup HCM CITY — The US, New Zealand and Canada are the most attractive countries for employer investment based on 200 factors that evaluated skills availability, cost efficiency, regulation and productivity, while Việt Nam is among the top five in cost efficiency, according […]

  Đa Mi Floating Solar PV. Project in Bình Thuận Province. — VNA/VNS Photo Ngọc Hà HCM CITY — Việt Nam needs to speed up its transition to clean, secure and market-based energy by switching to advanced technologies, improving the energy sector’s performance and encouraging private investment, a conference heard in HCM City. Speaking at the 2020 […]

  A store of Phú Nhuận Jewelry (PNJ) in HCM City. PNJ rose 1.04 per cent on Friday.  — Photo courtesy of PNJ  HÀ NỘI — Vietnamese shares advanced on Friday on the back of gains in numerous blue-chip stocks. The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 1.58 per cent to end the […]

  Cốc Cốc served an additional 4 million mobile users in 2020, raising its market share by 1.5-fold to 2.7 per cent against the previous year. — Photo vietnamplus.vn HÀ NỘI — Cốc Cốc browser and search engine developed by the Hà Nội-based technology company of the same name has attracted 25 million users, becoming the second […]

  Transactions at SHB. SHB has shown sustainable development in both scale and business operation. — Photo courtesy of the bank HÀ NỘI — Sài Gòn – Hà Nội Commercial Joint Stock Bank (SHB) has become the only Vietnamese representative to be honoured as “Bank of the Year 2020” by The Banker magazine. This is […]

  An HDBank transaction office in HCM City. — Photo courtesy of HDBank HCM CITY — The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HoSE: HDB) has signed agreements to issue convertible bonds and enter into strategic tie-ups with foreign investors to fulfil its plan to supplement tier 2 capital by US$160 million. […]

Illustration photo. — Photo KT/vov.vn HÀ NỘI — The Ministry of Industry and Trade has issued Decision 3390/QĐ-BCT on the application of official anti-dumping measures for some coil and sheet cold-rolled steel products originated from China. Based on the request for anti-dumping measures by representatives of the domestic manufacturing industry, the Ministry launched an investigation […]

  A view of the northeastern province of Quảng Ninh. — Photo bnews.vn QUẢNG NINH — The northeastern province of Quảng Ninh’s gross regional domestic product (GRDP) has been estimated at 10.05 per cent in 2020 despite the adverse impact of COVID-19. The province’s State budget collection is projected at VNĐ49.3 trillion (US$2.13 billion), surpassing […]

  The purchasing power of goods for Tết is expected to increase due to consumer confidence in macro-economic stability. — Photo tapchitaichinh.vn HÀ NỘI — The purchasing power in the domestic market is expected to increase by between 15-20 per cent from now until the 2021 Tết (Lunar New Year), with food products seeing the strongest rise, said […]

  South Korea invested some US$8.2 million in the education sector in the first 11 months of this year, accounting for well over half of all foreign investment in education. —VNA/VNS Photo HCM CITY — South Korea was the top investor in education in Việt Nam in the first 11 months of this year with US$8.2 […]

  Mobifone workers installing a 5G station in HCM City. The Ministry of Planning and Investment has proposed special policies to be raised for large State-owned enterprises to make them spearheads in key industries of the economy. — Photo vnexpress.net HÀ NỘI — The Ministry of Planning and Investment has proposed special policies for large State-owned enterprises (SOEs) to […]

  Deputy Governor of the State Bank of Việt Nam (SBV) Đào Minh Tú says the central bank has operated well this year despite challenges. — Photo taichinh.vn HÀ NỘI — Deputy Governor of the State Bank of Việt Nam (SBV) Đào Minh Tú has said despite the COVID-19 pandemic, the bank has operated local monetary […]

  Businesses receive Vietnam National Quality Awards. — VNA/VNS Photo HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has decided to present the Việt Nam National Quality Awards 2020 to 61 enterprises, with 21 receiving the golden prize. Among the 21 businesses honoured with the golden prize, 18 are production enterprises and three operate in services. […]

   Investors trace market fluctuations at the trading floor of Tân Việt Securities Joint Stock Company in Hà Nội. VNS Photo Trương Vị  HÀ NỘI — Vietnamese shares tumbled on Thursday as worries about the trading system triggered a market-wide sell-off, bringing local assets to cheaper prices. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 1.05 […]

  Investors flocked to the Bình Phước Province Investment Promotion Conference on Wednesday. — VNS Photo BÌNH PHƯỚC — The southern province of Bình Phước rolls out the red carpet for investors, Trần Tuệ Hiền, chairwoman of its People’s Committee, said. “The province assures businesses that it will always help resolve the difficulties they face. It will also create […]