Latest News in Vietnam

News



Vietnamese businesses told to export to US through Amazon during pandemic

  A Vietnamese rice product displayed on Amazon. VNS Photo Đoàn Tùng HCM CITY — Vietnamese exporters should boost exports to the US through the Amazon e-commerce platform during the COVID-19 pandemic, speakers told a seminar in HCM City yesterday.  Trần Phú Lữ, deputy director the Investment and Trade Promotion Centre of HCM City (ITPC), […]


ABBANK profits reache over $39.7 million

  An ABBANK branch. The lender’s pre-tax profit in the first nine months of the year reached VNĐ924 billion (US$39.77 million). — Photo courtesy of ABBANK HCM CITY — An Bình Commercial Joint Stock Bank reported pre-tax profits of VNĐ924 billion (US$39.77 million) for the first nine months of the year. It had total assets […]


India seeks closer economic ties with VN

  Riva Ganguly Das, Secretary (East) in the Indian Ministry of External Affairs, tells the virtual India – Việt Nam Business Forum on October 20 that India and Việt Nam can establish partnerships in areas. — Photo courtesy of the organisers  HCM CITY — There is huge potential for co-operation with Việt Nam in sectors like hospitality, […]


Casa Marina Premium construction begins in Quy Nhơn

  Ground being broken for the Casa Marina Premium resort villa project in Quy Nhơn. — Photo courtesy of BCG HCM CITY — Bamboo Capital Group has started construction of the Casa Marina Premium, a five-star resort villa complex with 160 units located on a hillside facing Quy Nhơn Bay. There will be 64 semi-detached […]


ITU Virtual Digital World 2020 held online for the first time by VN

  Deputy Prime Minister Vũ Đức Đam (centre) and minister of information and communications Nguyễn Mạnh Hùng at the ITU Virtual Digital World 2020 opening ceremony in Hà Nội. — VGP Photo HÀ NỘI — ITU Virtual Digital World 2020, a three-day online event in which participants from more than 50 countries discuss the comprehensive […]


Rally ends after earnings season comes to a close

  The front view of the Hồ Chí Minh Stock Exchange in HCM City. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares retreated from an eight-day rally yesterday as investors looked to sell after the earnings season ended. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost 0.57 per cent to 939.03 points after […]


PM pledges optimal conditions for Samsung’s hi-tech projects

  Prime Minister Nguyễn Xuân Phúc (R) receives Vice Chairman of Samsung Electronics Lee Jae-yong. VNA/VNS Photo HÀ NỘI — Việt Nam will create optimal conditions for Samsung Electronics to invest in high technology projects, Prime Minister Nguyễn Xuân Phúc said on Tuesday. He made the pledge while hosting a reception in Hà Nội for Vice Chairman of Samsung Electronics Lee […]


VN needs a credible local rating agency as reforms drive demand

  Việt Nam’s corporate bond market has blossomed in recent years with total bond issuance growing from $11 billion in 2012 to $24 billion in 2019. — Photo nld.com.vn HÀ NỘI — There is an urgent need for a credible domestic rating agency in Việt Nam to promote the orderly development of a healthy and sustainable […]


Leather and footwear on course for strong recovery: LEFASO

  Workers on an assembly line at a footwear factory in Đồng Nai Province. — Photo baocongthuong.vn HÀ NỘI — Việt Nam’s leather and footwear industry was on course for a strong recovery as more international fashion brands were valuing the country as an important part of the global supply chain, according to the Vietnam Leather, Footwear […]


HCM City banking sector to continue supporting businesses hit by pandemic woes

  Customers at a Vietbank transaction office in HCM City. The banking sector will continue to undertake programmes to help businesses overcome difficulties caused by the Covid-19 pandemic and restore production. — Photo courtesy of the bank HCM CITY — Banks in HCM City are focusing on measures to mitigate the difficulties faced by businesses […]


Canada won’t impose anti-subsidy tax on corrosion-resistant steel imported from Việt Nam

Photo for illustration. — VNA/VNS Photo HÀ NỘI — The Trade Remedies Authority of Việt Nam under the Ministry of Industry and Trade said Canada had announced the final conclusion of the anti-dumping and anti-subsidy investigation into corrosion-resistant steel sheets imported from several countries, including Việt Nam. After the investigation that began in November last […]


Việt Nam’s e-commerce forecast to grow 20 per cent in Q4

  A customer browses products on shopee.vn. Việt Nam’s e-commerce market is forecast to climb 20 per cent in the last quarter of this year to reach US$12 billion by year end. — VNS Photo HÀ NỘI — Việt Nam’s e-commerce market is forecast to climb 20 per cent in the last quarter of this year to […]


Export growth expected at 3-4% this year

  Shrimp processed for export at Minh Phú Seafood Corporation in Hậu Giang Province.— VNA/VNS Photo Vũ Sinh HÀ NỘI — Việt Nam’s exports this year could grow by 3-4 per cent despite the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT). The ministry said in the first nine months of the year, the country’s […]


Japanese investor to build hi-tech R&D hub in Đà Nẵng

  An artist’s impression of the Fujikin Đà Nẵng R&D centre. Fujikin Incorporated from Japan plans to develop the centre with investment of US$35 million at Đà Nẵng Hi-tech Park. Photo courtesy Đà Nẵng Hi-tech Park and Industrial Zones Authority ĐÀ NẴNG — Authorities in Đà Nẵng have approved an investment proposal by Fujikin Incorporated from Japan for an R&D […]


Shares rise for eightht consecutive session as cash flow increases

  A Vincom Centre developed by Vincom Retail (VRE). VRE rose 0.37 per cent on Tuesday. Photo the courtesy of VRE HÀ NỘI — Shares recovered from early losses on Tuesday to inch upwards, marking the eighth consecutive gaining day as cash flow increased at the end of the session and pushed up many large-cap […]


VPBank completes 92% of earnings plan

  A VPBank office. — Photo vpbank.com.vn HÀ NỘI — The Việt Nam Prosperity Joint Stock Commercial Bank (VPBank) has accomplished 92 per cent of the full-year pre-tax profit plan after nine months. The bank said in a statement on Tuesday that pre-tax profit in January-September was VNĐ9.4 trillion (US$406.7 million). The pre-tax profit logged by […]


Advertising equipment, technology expo opens in HCM City

  A booth at the 11th Việt Nam International Advertising Equipment and Technology Exhibition being held at the Phú Thọ Indoor Stadium in HCM City. — VNS Photo HCM CITY — The 11th Vietnam International Advertising Equipment and Technology Exhibition that opened in HCM City on Tuesday is showcasing many of the latest technologies in the […]


Private sector may not reach targets, says MPI report

  A tuna processing line at the Hồng Ngọc Seafood Processing Company, a private firm in Hòa Hiệp Industrial Park in the southern province of Phú Yên. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Việt Nam is unlikely to reach its target of one million enterprises with efficient operation by 2020, according to a […]


Mobile phone retailers shift to other services as market saturated

Inside a retail store of Mobile World Corporation in the northern province of Phú Thọ. — VNS Photo Đoàn Tùng HÀ NỘI — The mobile phone retail business is believed to be saturated and will continue to face difficulties in growth. To solve the problem of revenue and profit, leading businesses in mobile phone retail […]


Banks urged to diversify loan products, aiming to keep people away from black credit

  Commercial banks and microfinance companies should act to improve people’s access to official loans to fight black credit. — Photo vietnamnet.vn HÀ NỘI — Commercial banks should diversify their loan products, lower interest rates and simplify procedures to improve accessibility to official credit channels in an effort to keep people away from illegal sources, Deputy Governor […]