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Steel industry expects consumption recovery by year-end

  Việt Nam’s construction steel production in the first eight months of this year reached more than 6.6 million tonnes. — Photo enternews.vn HÀ NỘI — The implementation of many large projects after the social distancing period and disbursement of public investment for infrastructure until the end of this year are expected to support growth […]


VN enters third wave of business reforms

  An official of Bắc Ninh Province’s public services centre provides instructions to citizens. The Government attached special attention to institutional reform and building e-Government to create favourable conditions for businesses and citizens. — VNA/VNS Photo Đinh Văn Nhiều HÀ NỘI — Việt Nam was entering the third wave of reform, with the goal of slashing at […]


City unveils $518m aid package for small enterprises

  HCM City has announced a second aid package worth US$518 million to support small and medium-sized enterprises. — Photo tapchitaichinh.vn HCM CITY — HCM City is set to roll out a second COVID-19 aid package worth VNĐ12 trillion (US$517.64 million) exclusively for small and medium-sized enterprises (SMEs). Lê Minh Tấn, director of the city […]


New economic data, policy lifts VN stocks

  Steel bars stored at Hòa Phát Group’s factory in Hải Dương Province. The company’s shares rose 2.3 per cent on Thursday. VNA/VNS Photo Danh Lam HÀ NỘI — Vietnamese shares on Thursday cheered positive economic news and data while investors remained highly interested in purchasing shares on corporate earnings prospects. The benchmark VN-Index on […]


Opportunities await sugarcane farmers if they change their way of thinking

Harvesting sugarcane in Hậu Giang Province. – VNA/VNS Photo Duy Khương HÀ NỘI — While many people believe that sugarcane farmers will face difficulties after Việt Nam implements the ASEAN Trade In Goods Agreement (ATIGA), there are also some who say it could offer bright prospects for Vietnamese sugarcane to maximise its economic value if there is […]


Expert spells out Vietnamese firms’ need to embrace automation

  Prof. Dr. Lê Hoài Quốc, chairman of the HCM City Automation Association and deputy chairman of the Vietnam Association of Robotics The industrial sector is under great pressure and must change and adapt to new trends to expand markets and integrate deeper into the global value chain. Automation has become of vital importance for […]


VN looks to attract foreign investment in equitisation of SOEs

  Nearly 54 per cent of capital in Saigon Beer-Alcohol-Beverage Corporation was sold to Thailand’s ThaiBev in the company’s equitisation in December 2017. — Photo dantri.com.vn HÀ NỘI — As the Government was focusing on accelerating the privatisation and divestment of State-owned enterprises (SOEs), attracting foreign investment was important to the success of the progress, […]


Central bank cuts interest rate to aid economy

  The refinancing interest rate will be cut to 4 per cent per annum from 4.5 per cent from today. — VNA/VNS Photo  HÀ NỘI — The State Bank of Vietnam (SBV) will cut the benchmark interest rate from Thursday to support the national economy amid difficulties posed by the COVID-19 pandemic. The refinancing interest rate will […]


VPBank awarded best bank for corporate social responsibility 2020

    A staff member of VPBank helps a small business owner in online selling. — Photo courtesy of the bank HÀ NỘI — VPBank was honoured as the best bank for corporate social responsibility (CSR) in 2020 by Asiamoney magazine for its online training programme named “Small Business Academy”. Asiamoney highly valued VPBank for […]


Vietbuild expo opens in HCM City

  At a booth showcasing digital door locks at the Vietbuild exhibition being held at the Saigon Exhibition and Convention Centre from September 30 to October 4. — VNS Photo Xuân Hương HCM CITY — The 2020 Vietbuild International Exhibition with the theme real estate, architecture and interior and exterior decoration opened in HCM City […]


Quảng Yên Coastal Economic Zone – new push for northern development

  The perspective of the Quảng Yên Coastal Economic Zone in the northeastern province of Quảng Ninh. — VNS Photo QUẢNG NINH — Deputy Prime Minister Trịnh Đình Dũng has signed a decision to establish the Quảng Yên Coastal Economic Zone in the northeastern province of Quảng Ninh. Earlier this May, Quảng Yên was added to the national plan […]


Việt Nam Rubber Group to expand tyre production via M&A

  A worker of the Southern Rubber Industry Joint Stock Company (Casumina or CSM). CSM’s pre-tax profit reached nearly VNĐ40 billion in the first half of this year, 4 times higher than the same period last year and fulfilling 27 per cent of the yearly plan. — Photo casumina.com HÀ NỘI — The Việt Nam Rubber Group […]


Sacombank JCB cards continue to lead market

  Nguyễn Minh Tâm, deputy CEO of Sacombank, receives the Leading Licensee in Total Retail Spending Volume award from JCB country director Shukuin Kazuma. — Photo courtesy of the bank HCM CITY — Sacombank won four awards from Japanese international card organisation JCB for Leading Licensee in Total Retail Spending Volume, Leading Licensee in New […]


SMEs drive local market amid rising caution

HÀ NỘI — Mid-cap and small-cap stocks boosted the local market on Wednesday while the market sentiment was weighed down by the US presidential election debate. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 0.14 per cent to 905.21 points after having declined as much as 0.39 per cent during the […]


Construction begins on fruit processing complex in Sơn La

  The complex’s groundbreaking ceremony. — VNA/VNS Photo Quang Quyết SƠN LA – Đồng Giao Foodstuff Export JSC held a ceremony in the northern mountainous province of Son La on Tuesday to launch the construction of a fruit and vegetable processing complex. Located in Hát Lót Commune, Mai Sơn District, the Doveco Sơn La complex is the third of […]


Lawrence S. Ting Fund supports outstanding students

  The 18th Lawrence S. Ting Fund scholarship awarding ceremony in HCM City. — VNS Photo HCM CITY — The Phú Mỹ Hưng Development Corporation and Lawrence S. Ting Fund recently organised its 18th scholarship award ceremony, presenting 232 scholarships worth a total of VNĐ2.8 billion (US$120,000) to outstanding students in HCM City and other provinces. Of the scholarships, each university […]


Construction starts on North-South Expressway component projects

  Prime Minister Nguyễn Xuân Phúc and other representatives at the groundbreaking ceremony of Mai Sơn-National Highway, a section of North-South Expressway, in Thanh Hóa Province. — VNA/VNS Photo Thống Nhất THANH HOÁ  Work on three sections of the Eastern North-South Expressway started on Wednesday. They include the 63-kilometre Mai Sơn – National Route 45 section between […]


Revised Law on Credit Institutions to cover bad debt recovery

  State Bank of Việt Nam’s deputy governor Nguyễn Kim Anh speaks at the forum. Photo SBV HÀ NỘI — The Government has directed the State Bank of Việt Nam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV’s deputy governor Nguyễn Kim Anh said on Wednesday. […]


Mobile banking helps the poor access financial services

  A staff member from the Việt Nam Bank for Social Policies helps people use the financial education app. — VNS Photo HÀ NỘI — Financial education has helped poor households and policy beneficiaries access and use financial products and services, thus promoting comprehensive finance, attendees heard at a conference held in Hà Nội on Tuesday. In early 2019, […]


Billions of banking stocks to flood market under dividend plans

  A Military Bank branch in Hà Nội. The bank is planning to trade an additional 385 million shares in the next quarter. — VNS Photo Mai Hương HÀ NỘI — Billions of banking stocks are about to flood the market with banks planning to pay stock dividends and issue new shares to raise their charter capital. The Hà Nội Stock Exchange […]