Latest News in Vietnam

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Vietnamese co-operatives export dragon fruit, pomelo to Canada

  Bến Tre Green Pomelo Cooperative’s pink lady pomelos on display at a store in Canada. — Photo courtesy of SOCODEVI HCM CITY —Thanh Bình Co-operative’s dragon fruit and Bến Tre Green Pomelo Cooperative’s pink lady pomelo have hit shelves at supermarkets and fruit shops and a juice company in Canada. It is the first […]


VN-Index loses momentum, banks progress on cash-preserving decision

  A Vietinbank office. The lender’s shares jumped 5.2 per cent on Monday. — Photo baochinhphu.vn HÀ NỘI — Việt Nam’s benchmark VN-Index gave up early gains despite the strong growth of financial-banking stocks as profit taking strengthened at 930 points. The VN-Index on the Hồ Chí Minh Stock Exchange edged up 0.20 per cent to […]


Steel maker Hoa Sen Group’s profit soars 4.8 times

  A worker operates machines at a factory of steel maker Hoa Sen Group (HSG) in HCM City. Despite the impacts of COVID-19, Hoa Sen Group still implemented drastic measures to maintain positive earning results. — Photo hoasengroup.vn HÀ NỘI — Steel maker Hoa Sen Group (HSG) reported an estimated post-tax profit of VNĐ400 billion (US$17.3 million) […]


Central city revs up investment in IT and electronics industries

  A building of Đà Nẵng Software Park in the downtown area. The city began construction of the second software park in drawing investment in the information technology and electronics as well as high-tech industries. — VNS Photo Công Thành  ĐÀ NẴNG — Đà Nẵng has commenced construction of the city’s second software park, aiming to boost […]


Banks start to report business performance

  Banks have begun to reveal their business results in the third quarter of this year. Photo tinnhanhchungkhoan.vn HÀ NỘI — Some commercial banks have started to release business results from the first nine months of this year. Nguyễn Hồ Hoàng Vũ, deputy general director of Export-Import Commercial Joint Stock Bank (Eximbank), said the bank’s pre-tax […]


Online forum discusses role of cobots in future manufacturing industry

Cobots do not require professional engineers or software developers, anyone with an ability to operate a simple graphical tablet will be able to command and control such cobots after some basic training. – Photo Universal Robots HCM CITY — Leading experts discussed the role collaborative robots (cobots) in the future manufacturing industry throughout Asia-Pacific at an […]


New circular aims to abolish ambiguity in labelling

  Under the circular, there would be no “Made in Viet Nam” marks on Vietnamese goods circulating in the domestic market. — Photo vietnamplus.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT) has submitted a draft circular on ‘Vietnamese products and goods’ and ‘products and goods made in Việt Nam’. Under the circular, […]


VN to set new regulations for overseas investment

  Viettel Group has invested in providing telecommunications services in a number of countries. Việt Nam is developing a decree to better manage overseas investments. — Photo baodauthau.vn HÀ NỘI — Individuals will no longer be allowed to invest in real estate abroad if a new draft decree issued by the Ministry of Planning and Investment is […]


PVI climbs up list of 500 most profitable companies

  PVI head office in Hà Nội. The non-life insurance company is among the most 500 profitable in Vietnam Report. — VNS Photo HCM CITY — Leading insurer PVI Insurance Corporation has made it to Profit500 list. The list, drawn up by Vietnam Report and VietnamNet online newspaper, contains the country’s top 500 companies in […]


Charity programme mobilised from 12,000 sponsors

  The programme has connected more than 12,000 sponsors nationwide with diffcult circumstances in the past five years. — Photo VTV HÀ NỘI — The Cặp lá yêu thương (A Beloved Couple of Leaves) charity volunteer programme has mobilised VNĐ52 billion (US$216,000) from more than 12,000 sponsors nationwide in the past five years. The information was released […]


VIB’s pre-tax profit surges 52% in Q3

  Clients at VIB. — Photo courtesy of the bank HÀ NỘI — Vietnam International Bank (VIB) posted pre-tax profit of over VNĐ1.66 trillion (US$72 million) in the third quarter of 2020, up 30 per cent month-on-month and 52 per cent year-on-year, according to its third quarter 2020 financial report published on Monday.  In the first nine months of this year, […]


Hà Nội Gift Show to feature 400 pavilions

  A booth at the Hà Nội Gift Show 2019. — Photo tapchicongthuong.vn HÀ NỘI — Up to 400 pavilions will be set up at the Hà Nội Gift Show 2020, scheduled for October 15-18, heard a press conference held by the Ministry of Industry and Trade late last week. The annual event is set to create a […]


Banks to keep profits on new decree

  A Vietcombank office in Bắc Ninh Province. — VNA/VNS Photo Thái Hùng HÀ NỘI — A new decree released by the Government will allow State-owned commercial banks to save cash to increase their strength instead of paying dividends to shareholders. Decree 121/2020/NĐ-CP will amend Decree 91/2015 dated October 13, 2015 regulating the State capital invested […]


Investors find VN ports, logistics attractive

  Việt Nam’s ports and other logistics services are attracting both domestic and foreign investment. — VNA/VNS Photo HCM CITY – With its annual growth of 12-14 per cent, the logistics sector, especially seaports, is becoming attractive to both domestic and foreign investors, experts said. The Cái Mép-Thị Vải international port in Bà Rịa-Vũng Tàu […]


Tax cut welcome but not enough: businesses

  Workers at a textile factory in HCM City. There has been a sharp fall in demand for Vietnamese textile products in traditionally large markets such as the EU and the US, with the number of orders reduced by half in the last quarter of 2020. — VNA Photo HÀ NỘI — The Government’s 30 per […]


Half of local firms use IFRS

  More than 50 per cent of Vietnamese companies have adopted international practices in financial reporting. — Photo tapchitaichinh.vn HÀ NỘI — More than half of companies in Việt Nam have been adopting international financial reporting standards to meet investors’ expectations and improve their corporate governance, a survey showed. The survey was carried out between July […]


PetroVietnam’s nine-month oil output surpasses target at 8.64 million tonnes

  Flare workshop maintenance at Dung Quất Oil Refinery. PetroVietnam’s oil output reached 8.64 million tonnes in the first nine months HÀ NỘI — The Việt Nam Oil and Gas Group (PetroVietnam) has reported that nine-month oil output surpassed its target by 9.4 per cent, reaching 8.64 million tonnes ending September. Of the total, 1.38 million tonnes was exploited overseas, 5.2 per […]


Experts unhappy with cement exports, but industry says unavoidable

  A production line of Hà Tiên Cement JSC. Cement companies exported more than 23.5 million tonnes of cement and clinker in the first eight months, an increase of 13.7 per cent year-on-year. — VNA/VNS Photo Lê Huy Hải By Thiên Lý In the first eight months of the year, cement companies exported more than […]


Việt Nam continues institutional reform as part of EVFTA commitment

EVFTA offers a way to post-pandemic growth Deputies, experts, businesses on EVFTA approval EVFTA, EVIPA approved to boost VN-EU economic, trade relations SMEs urged to have deep understanding on EVFTA Traceability is challenge for Việt Nam’s handicraft exports to EU   Visitors look at an agricultural product display at a conference on boosting exports to the EU under the […]


Local market outlook still positive

  A steel pipe factory of Hòa Phát Group JSC. Hòa Phát was among the supporters of the stock market last week, rising 6.7 per cent. — VNA/VNS Photo Ngọc Hà HÀ NỘI — Brokerages are maintaining a positive outlook for the markets this week with a strong domestic cash flow still pouring in. The […]