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Gov’t to roll out US$5.2 billion COVID-19 relief package

  Deputy minister of finance Nguyễn Đức Chi during a government meeting to discuss a US$5.2 billion COVID-19 relief package for businesses in Hà Nội on Wednesday. — Photo baochinhphu.vn HÀ NỘI — The Government is to roll out a VNĐ118 trillion (US$5.2 billion) COVID-19 relief package by the end of the year, said deputy minister of finance […]


Measures sought to promote cooperation between Japan’s Niigata, Vietnamese localities

  Vietnamese goods displayed at an AEON Mall supermarket in Japan. — Photo aeon.com.vn TOKYO — Vietnamese Ambassador to Japan, Vũ Hồng Nam, paid a working visit to Niigata to foster economic partnerships between the Japanese prefecture and Vietnamese localities. During the trip on Tuesday, Ambassador Nam met with Niigata Governor Hideyo Hanazumi, expressing his hope that COVID-19 will […]



Online consultation supports agro-aquatic product exports to Netherlands

  Shrimp processed for export at Minh Phú Seafood Corp in the southern province of Hậu Giang. — VNA/VNS Photo Vũ Sinh HÀ NỘI — The Việt Nam Trade Promotion Agency (Vietrade) and the Vietnamese Trade Office in the Netherlands on Tuesday organised a virtual consultation on the export of agro-aquatic products to the European market. […]


Interbank interest rates cool down thanks to good liquidity

  The average overnight interest rate in the trading session ending last week was 0.92 per cent per year, against 1.21 per cent in May. — Photo cafef.vn HÀ NỘI — The liquidity of the banking system has risen recently, helping cool interbank interest rates. According to the State Bank of Vietnam (SBV), the average overnight interest […]


Việt Nam urged to develop its Halal industry

  The event is one of the ministry’s initiatives to boost Vietnamese exports to the Halal market and built a strategic and comprehensive plan for the industry in Việt Nam. — Photo baoquocte.vn HÀ NỘI — Việt Nam needs to accelerate the development of its Halal industry in the near future in order to take full advantage of the lucrative market, said Deputy Minister of Foreign Affairs […]


Oil and gas companies post mixed business results despite higher oil prices

Workers of PetroVietnam Drilling & Well Services Corporation (PVD) operating a drilling rig. — Photo pvdrilling.com.vn HÀ NỘI — Oil prices have continuously increased since the beginning of the year on the production cut agreement of OPEC+ and the global recovery in fuel demand. This has been reflected in the market price of oil and gas stocks, however not […]


Banks reduce pressure of bad debt during COVID-19

  Nguyễn Quốc Hùng, general secretary of the Việt Nam Banking Association Outbreaks of COVID-19, especially in the first half of 2021, are negatively affecting the repayment of debt. This increases the pressure of bad debt on the banking system. Nguyễn Quốc Hùng, general secretary of the Việt Nam Banking Association, spoke to Vietnam News Agency about this issue. […]


Solutions sought for soaring fertiliser prices

Fertiliser prices have risen compared to early this year. — VNA/VNS Photo Huy Hùng HÀ NỘI — Amid soaring fertiliser prices compared to early this year, the Ministry of Agriculture and Rural Development proposed the Ministry of Industry and Trade plan a comprehensive inspection on fertiliser production, business, import and export activities in southern provinces. Deputy Minister […]


Mekong Delta shrimp exporters shrug off COVID problems

  A shrimp processing plant in Cà Mau City. Mekong Delta provinces’ shrimp exports remain robust despite the challenges posed by COVID-19. – Photo sggp.org.vn MEKONG DELTA –  Shrimp businesses in the Mekong Delta, the country’s main producer and exporter of the crustacean, have been able to sustain both despite the COVID-19 pandemic. Cà Mau […]


Belgian start-up brings Vietnamese coconut water to EU consumers

  Canned pure fresh coconut water Cocoxim. — Photo Betrimex BRUSSELS — Canned pure fresh coconut water Cocoxim of Bến Tre Import-Export Joint Stock Company (Betrimex) has become popular among consumers in Belgium. This product is imported directly from Việt Nam by the Belgian firm South Export Alliance and distributed in Belgium, France and the Czech Republic. […]


Shares tumble but liquidity reaches one-month high

  Vinhomes Imperial Hải Phòng. Shares of Vinhomes dropped 0.9 per cent on Wednesday. — VNA/VNS Photo Danh Lam HÀ NỘI — Shares tumbled on Wednesday after a two-day increase but liquidity soared to the highest level in the past month, demonstrating the re-ignited interest of investors in the stock market since its bottom in July. On the Hồ Chí […]


Pandemic, new tech drive growth in stock market investors

  Being locked at home due to COVID-19, more young people are investing in the local stock market. A 58 per cent increase in new accounts in the first half of 2021 has been recorded. — Photo cafef.vn  By Minh Hương HÀ NỘI — Social distancing due to COVID-19 has created more local stock investors in Việt […]


Exports of wood products surge 55 per cent in seven months

  A worker of Woodsland Tuyên Quang JSC checks wood products before export to the EU. The impressive growth of wood exports was due to increasing demand for furniture during the COVID-19 pandemic. — VNA/VNS Photo Bùi Văn Lanh HÀ NỘI — Việt Nam exported US$9.58 billion worth of wood and wood products in the first seven […]


Việt Nam’s overseas investment more than doubles in seven months: FIA

  A milk production line of Vinamilk. Vietnamese firms earned more than $7.02 billion in revenue from their overseas projects in 2019, up 27 per cent from the previous year. — VNA/VNS Photo HÀ NỘI — Việt Nam’s overseas investment totalled US$570.1 million in the first seven months of 2021, a 2.3-fold increase from the same […]


Electronics exports forecast to be robust this year

  Phones and electronic products were the top export products of Việt Nam. — VNA/VNS Photo HÀ NỘI — The electronics industry is forecast to have a robust year, driven by the increase in demand for communication’s products due to demand caused by social distancing measures implemented to tackled rising cases of COVID-19, according to the Ministry of […]


Banking fees reduced to help customers overcome pandemic effects

  Local banks have reduced or waived service fees after the National Payment Corporation of Vietnam did so. — Photo nld.com.vn HCM CITY — Many banks have reduced or even waived fees for interbank transfers and ATM withdrawals for the rest of the year following similar cuts by the National Payment Corporation of Việt Nam to […]


Việt Nam looks to become AI hub in ASEAN by 2030

Illustrative image — VNA Photo HÀ NỘI — The Vietnamese Government has issued a national strategy on the research, development and application of artificial intelligence (AI) till 2030 with a view to gradually turning Việt Nam into an innovation and AI hub in ASEAN and the world. Minister of Science and Technology Bùi Thế Duy said the […]


‘3 on-site’ model runs into problems as virus spreads inside isolated facilities

HCM City speeds up vaccinations to reach 7 million people by end of August 8,385 new domestic cases reported on Tuesday Homegrown antiviral drug being developed to treat COVID-19 patients Domestic Covivac vaccine to recruit volunteers for phase 2 clinical trials Health ministry wants HCM City to confirm intention to buy 5 million doses of Moderna COVID-19 vaccine   Workers of Vạn […]


Shares go up, bolstered by energy, seasfood stocks

  A worker of PetroVietnam Gas JSC (GAS). GAS rose 3.2 per cent on Tuesday. Photo pvgas.com.vn HÀ NỘI – Việt Nam’s stock market extended gains on Tuesday on the back of energy and seafood shares. The benchmark VN-Index on the Hồ  Minh Stock Exchange (HoSE) increased by 0.19 per cent, to 1,362.43 points. Market breadth […]