Latest News in Vietnam

News



Việt Nam could lose US$480 million per year due to illegal fishing

  Poor facilities on fishing vessels and limited and inconsistent sanctioning of fishing violations are among what Việt Nam must end to remove the IUU yellow card. — VNA/VNS Photo  HÀ NỘI — As the third largest seafood exporter in the world, Việt Nam’s could lose about US$480 million per year if it fails in its fight against illegal, unreported and unregulated […]


Buffer zones around industrial areas can protect supply chains

  At a plant producing essential consumer goods of Masan. — Photo courtesy of the company HCM CITY — With demand for essential goods skyrocketing in many provinces and cities amid tightening social distancing requirements to tackle the surge in COVID-19, ensuring their supply to the market is an urgent task. In a report sent to […]


Corporates seek more flexibility in COVID-prevention measures

  Workers at work in Yên Mỹ Garment Company in Hưng Yên Province. Garment and textile makers have taken active measures on COVID-19 pandemic  prevention. — VNA/VNS Photo Trần Việt HCM CITY — Business executives have called on the Government to issue “resolute but flexible” prevention measures to help them survive the COVID-19 pandemic and keep the economy afloat. Speaking […]


Việt Nam’s Ri6 durian sells well in Australia

  Farmers in the southern province of Đồng Nai are happy with increasing durian prices. — VNA/VNS Photo Nguyễn Văn Việt HÀ NỘI — Over 15 tonnes of Vietnamese frozen Ri6 durian exported to Australia by Ưu Đàm company sold out within only two days, reported the Việt Nam Trade Office in Australia. Another batch […]


Lộc Trời unveils new linkage model for rice production

  Lộc Trời presents 10 tonnes of rice to Long An Province. — Photo courtesy of the company HCM CITY — Lộc Trời Group has adopted a linkage model for rice production on 36,000 hectares of land in An Giang Province’s Thoại Sơn District. It will fully subsidise farmers’ expenses for growing the grain besides providing […]


Automobile companies report positive earnings despite COVID-19 pandemic

  Although second-quarter profit decreased by 26 per cent year-on-year, Hàng Xanh Motors Service Joint Stock Company (Haxaco) still reported a rise in six-month profit of VNĐ61.5 billion, 5.4 times higher than the same period last year. — Photo haxaco HÀ NỘI — Automobile trading companies listed on the stock market reported positive earnings results in […]



Virtual interviews on the rise as social distancing measures disrupt recruitment

  While recruitment activities are stable during the pandemic, virtual interviews are becoming more popular. — Photo vitop.vn HÀ NỘI — Lê Cao Tuấn, 29, looked nervous in his navy blue shirt and beige trousers sitting in front of his laptop computer in a corner of his apartment in Hà Nội. He was in the middle of an interview for […]


Banks Association proposes delaying debt repayment for bank clients

  A customer at a branch of Agribank in Hà Nội. VNBA proposed the State Bank amend Circular No 3 in order to help their clients affected by the COVID-19 pandemic. — Photo courtesy of Agribank HÀ NỘI — The Việt Nam Banks Association (VNBA) has sent a petition to the State Bank of Việt Nam (SBV), […]


Hòa Phát’s steel sales reached 600,000 tonnes in July

  Hòa Phát Group produced nearly 4.8 million tonnes of crude steel, up 58 per cent over the corresponding period in 2020. — Photo courtesy of the group HÀ NỘI — The Hòa Phát Group’s steel output in July reached 700,000 tonnes, increasing 70 per cent from the same period last year. Its steel sales […]


Little progress made on salvage of ‘infamous twelve’ failed mega projects

  Outside of the Phuong Nam Pulp Mill, a VNĐ3 trillion project using State capital, which has not been used except for a brief pilot run in 2012, almost ten years ago. — Photo nhandan.vn HÀ NỘI — Little progress has been made to salvage the ‘infamous twelve’, a series of failed mega economic projects under […]


Vietnamese businesses to e-meet South Korean companies from Incheon

  Representatives of Vietnamese businesses meet with South Korean suppliers via an online trade meeting held by KOTRA in Hà Nội. Photo the courtesy of KOTRA HÀ NỘI — Vietnamese businesses will meet South Korean companies via an online trade event held from September 6-10 by the South Korea Trade-Investment Promotion Agency (KOTRA) in Hà Nội. The […]


VN-Index expected to reach 1,400 points at the end of 2021: Agriseco Research

An investor looking at a trading board on computer screen. Photo: Vietnamplus.vn HÀ NỘI — In a recent report, Agribank Securities Corporation (Agriseco) said that Việt Nam’s stock market is in the greatest period in its history. With the complicated developments of the COVID-19 pandemic, there are many potential risks as well as opportunities for trained […]


Share rise as cash pours into most sectors

  Employees of SSI Securities Inc (SSI) in an office in Hà Nôi. SSI rose 5 per cent on Monday. Photo courtesy of SSI HÀ NỘI —Việt Nam’s stock market closed higher on Monday, boosted by gains of many large-cap stocks across all sectors. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) […]


Vinamilk continues to support medical staff in the prevention of COVID-19

  From the end of June 2021, hundreds of thousands of healthy gifts have been sent to more than 10,000 healthcare workers at 60 hospitals across the country. — Photo courtesy of Vinamilk HÀ NỘI — Vinamilk has presented hundreds of thousands of nutritional products to the frontline medical forces fighting the COVID-19 pandemic at […]


SCG sale revenue in Việt Nam surges 41% in Q2

  Polymer Packaging produced by SCGP – the packaging business of SCG. — Photo courtesy of SCG HÀ NỘI — SCG, a cement and building material conglomerate in the ASEAN region, has announced a revenue from sales in Việt Nam at over VNĐ9.85 trillion (US$428 million) in the second quarter of this year, up 41 per cent year-on-year.  The positive performance was […]


HCM City stock exchange to remain unaffected by live-in employees’ COVID infection

  An investor follows stock movements on a screen at the Hồ Chí Minh Stock Exchange. — VNA/VNS Photo Húa Chung HCM CITY — After a number of its employees tested positive for COVID-19, the Hồ Chí Minh Stock Exchange announced it would temporarily suspend all face-to-face interactions from Monday while maintaining normal securities trading activities.   […]


Việt Nam remains attractive destination for US investors

  The Vietnamese Government has been exerting utmost efforts to effectively fight the pandemic and maintain important supply chains. — VNA/VNS Photo WASHINGTON DC — Việt Nam remains an attractive destination for US investors in the Indo-Pacific, heard a webinar recently held by The Asia Group. The event aimed to share business opportunities and updates on the […]


Construction firms see divergent earning results amid rising material prices

  Coteccons Construction Corporation (CTD), traded on the Hồ Chí Minh Stock Exchange, reported Q2 revenue of VNĐ2.55 trillion (US$111 million), down 36 per cent over the same period last year. — Photo coteccons.vn HÀ NỘI — Construction enterprises have reported divergence in the first half of 2021 as a sharp increase in raw material prices […]


Food processing sector takes tech route to recovery

  Vĩnh Hoàn Joint Stock Company generated turnover of VNĐ1.79 trillion (US$77.73 million) in the first quarter of the year, a 9.3 per cent year-on-year increase.— Photo baodautu.vn  Compiled by Thiên Lý Food processing accounts for the highest ratio, 19.1 per cent, of the processing and manufacturing industry. Đầu Tư & Chứng Khoán magazine said the segment […]