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Trade surplus reaches $7.2 billion

A worker of Thông Thuận Company prepares the first batch of frozen shrimp to be exported to the EU after the EVFTA came into effect on August 1. – VNA/ VNS Photo Công Thử HÀ NỘI – Việt Nam’s total import-export turnover for agricultural, forestry and fishery products in January-September was estimated at nearly US$52.8 billion, […]


Gov’t issues action plan to implement National Energy Development Strategy

  Rooftop solar power installed in northern Bắc Ninh Province. —VNA/VNS Photo Thanh Thương HÀ NỘI — Việt Nam aims to raise its renewable energy sources to 15-20 per cent of the total energy supply by 2030 and 25-30 cent by 2045. The targets have been set in the Government’s action plan on the implementation of […]


Long Thành international airport cost to be cut by $103m after assessment

  An artist’s rendering of the Long Thành international airport in the southern province of Đồng Nai. Photo courtesy of Airports Corporation of Việt Nam  HCM CITY — The cost of the first phase of the Long Thành International Airport has been cut by VNĐ2.4 trillion (US$103.21 million) by the State Appraisal Council. After appraising the […]


Shares end higher, boosted by large-caps’ gains

  Headquarters of FLC Group (FLC) in Hà Nội. FLC soared 6.6 per cent on Tuesday. — Photo courtesy of FLC HÀ NỘI — Vietnamese shares gained for a second consecutive day after a late recovery on Tuesday, bolstered by a series of large-cap stocks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) […]


Vietcombank encounters digital banking error

Screen capture of VCB DigiBank. — Photo vietnambiz.vn HÀ NỘI — Customers of the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) have been complaining that they have been unable to log into their digital bank accounts, and online transactions on both the mobile app and website were proving problematic on Monday afternoon. A […]


LG, Đà Nẵng agree to build R&D centre for car components

  Representatives of Đà Nẵng Investment Promotion Agency and the vehicle component solutions development centre (LG-VS) under Korean LG Electronics Việt Nam-Hải Phòng company sign a Memorandum of Understanding (MoU) on building the first R&D centre in the city and Việt Nam. — VNS Photo Công Thành  ĐÀ NẴNG — The central city’s Investment Promotion Agency (IPA) […]


Deputy PM meets Việt Nam-ASEAN Association for Economic Cooperation Development delegation

  Deputy Prime Minister and Minister of Foreign Affairs Phạm Bình Minh (standing) chaired a meeting with Việt Nam-ASEAN Association for Economic Cooperation Development in Hà Nội on Monday. — VNA/VNS Photo Lâm Khánh HÀ NỘI — Deputy Prime Minister and Foreign Minister Phạm Bình Minh hosted a reception for a delegation of the Việt Nam-ASEAN Association […]


Vinamilk finances intensive training courses for thousands of chief nurses

  CEO of Vinamilk Marketing Phan Minh Tiên and Chief Representative of CHR Hansen Holding. — Vinamiilk photos   HÀ NỘI – Thousands of chief nurses and medical staff nationwide will participate in home and abroad intensive training courses in the next three years, with financial support from Việt Nam’s largest dairy producer Vinamilk. This move is a […]


HCM City businesses resume operation as pandemic eases: city official

  Nguyễn Thành Phong, chairman of the HCM City People’s Committee, speaks at a conference on reviving the city’s economy last week. Photo courtesy of the HCM City Press Centre HCM CITY — More than 6,000 enterprises in HCM City have resumed operations following the containment of the COVID -19 pandemic and more than 30,000 […]


PV Gas to sell stake in gas trading firm

  Gas tanks produced at PV Gas South. — Photo pvgas.com.vn HÀ NỘI — PetroVietnam Gas Corporation JSC (PV Gas) has decided it would sell its stake in the Southern Gas Trading JSC (PV Gas South). PV Gas is now the biggest shareholder at the Southern Gas Trading with a 35.26 per cent stake. Southern Gas Trading […]


VN seeks ways to increase wood products exports to Canada

  HAWA Online Platform for Exhibition (HOPE) will help Vietnamese wood processing enterprises showcase their products globally at a time when Covid has caused all expos to be cancelled or postponed. VNS Photo Văn Châu HCM CITY – Vietnamese wood processing companies have not made full use of the incentives on offer when exporting to […]


Braving challenges to revive the economy: In danger lies opportunity

  Võ Trí Thành * Võ Trí Thành The General Statistics Office last week reported Việt Nam’s economic growth reached a 10-year low of just 2.1 per cent in the past nine months – not a happy number for a country used to seeing more than 6 per cent growth for many years, but still […]


First Vietnamese bank allows transactions in South Korea for local card holders

  All TPBank’s ATM cardholders could immediately implement payment and withdrawal transactions at some three million locations accepting card payments and nearly 40,000 ATMs in South Korea. — Photo courtesy of the bank HÀ NỘI — TPBank has become the first bank in Việt Nam to allow all domestic cardholders to make payment and withdrawal transactions […]


Quảng Ninh aims for processing and manufacturing industry to be key pillar

  Texhong Ngan Long Fibre Factory in Hải Yên Industrial Park in Móng Cái City, Quảng NInh Province. — Photo quangninh.gov.vn QUẢNG NINH – The northern coastal province of Quảng Ninh plans to make the processing and manufacturing industry one of the main pillars in the province. The other two pillars include mining, especially coal mining, and […]


Credit growth expected to accelerate in final quarter

  Credit growth was predicted to reach 8-10 per cent this year. — VNA/VNS Photo HÀ NỘI — The State Bank of Việt Nam (SBV) expects credit growth to expand significantly in the remaining months of this year as the country has successfully contained the COVID-19 pandemic and the economy was expected to return to a recovery path. […]


Covid-19 offers Việt Nam opportunity to boost exports to Latin America

  There is huge potential for export of Vietnamese products to the Mercosur bloc of countries in Latin America. VNS Photo Văn Châu HCM CITY – Mercosur countries, comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela, could be a potentially lucrative market for Vietnamese exports such as textile and garment, footwear, handicrafts, and processed foods amid […]


HCM City transport firms demand support to recover from Covid woes

  HCM City officials and transport operators discuss measures to help the latter cope with the impacts of the Covid-19 pandemic. VNS Photo Văn Châu HCM CITY – The HCM City Department of Transport held a meeting with related departments on October 2 to discuss support measures for transport companies affected by Covid-19. The Department […]


Trade deal expected to stimulate Vietnamese coffee exports to EU

Analysts expect EVFTA to give a big boost to Việt Nam’s coffee exports to the world’s largest market. — Photo nhanongxanh.vn Compiled by Thiên Lý On September 16 Vĩnh Hiệp Co. Ltd of Pleiku city shipped 296 tonnes of coffee to Belgium and Germany at zero tariff. Under the EU-Vietnam Free Trade Agreement (EVFTA) that […]


Funds reports good performance in Q3

  An investor observes the market move on his laptop. Investment funds have seen their net asset value (NAV) increase strongly during the third quarter of this year. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Investment funds have seen their net asset value (NAV) increase strongly during the third quarter of this year thanks to positive […]


Cyber information security ratings of State agencies revealed

The State Bank of Việt Nam’s headquarters in Hà Nội. — VNA/VNS Photo HÀ NỘI — Đà Nẵng City, the State Bank of Việt Nam, as well as Cần Thơ and Vĩnh Phúc provinces were rated level A for their concern about implementing information security. The Authority of Information Security (AIS), Ministry of Information and Communications recently […]