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Bình Dương seeks to attract foreign investors

  Bình Dương Province hopes to attract foreign investments by creating a conducive business environment. VNS Photo Văn Châu BÌNH DƯƠNG – The southern province of Bình Dương has promised to further improve its investment climate to ensure it remains an ideal destination for foreign investors. It has greatly improved road infrastructure to enhance transport […]


Vietnamese banks prepare for international integration

In the trend of strong globalisation with the recently signed CPTPP and EVFTA, meeting international standards by enterprises, especially in the banking sector is essential. These international standards help to affirm banks’ position, development potential and brand reputation, therefore creating trust for customers. SeABank – one of the pioneering domestic banks to meet international standards in recent years. — Photo […]


Quảng Ninh plans to become dynamic development hub

  Quảng Ninh’s Vân Đồn Economic Zone. — VNA/VNS Photo  QUẢNG NINH — The northern coastal province of Quảng Ninh has set a goal of building modern industry and service sectors and becoming one of the region’s most comprehensive and dynamic development hubs by 2025. The goal is part of the province’s growth targets for 2020-2025, which were outlined […]


Việt Nam needs consultation to push up economic development

  Minister of Planning and Investment Nguyễn Chí Dũng speaks at the forum. – VNA/VNS Photo HÀ NỘI – Việt Nam urgently needs consultation from international organisations, ministries, partners and scientists to ensure recovery and sustainable, inclusive growth post-COVID-19 pandemic, Minister of Planning and Investment Nguyễn Chí Dũng has said. These consultations are extremely important to the country’s […]


Banks target consumer loans for higher credit growth

  SHB is offering attractive loans for home and car buyers with interest rates of 6.5 per cent and 6.8 per cent per year, respectively. Photo  courtesy of SHB HÀ NỘI — Commercial banks are trying to boost individual consumer loans, especially to home and car buyers, since credit growth had slowed due to low capital demand from businesses. […]


Moon cake market competition heats up

  A moon cake kiosk in Hưng Yên Province.VNA/VNS Photo Phạm Kiên  HÀ NỘI — A crowded moon cake market has caused a drop in sales for many stalls ahead of Mid-Autumn Festival. The big day is Thursday, but the moon cake market is still quiet. Popular moon cake brands like Kinh Đô, Như Lan, Đồng Khánh, […]


Việt Nam’s nine-month economic growth lowest in 10 years

  GSO General Director Nguyễn Thị Hương (centre) at a press conference held by the General Statistics Office in Hà Nội on Tuesday. — VNA/VNS Photo Linh Anh HÀ NỘI — The gross domestic products (GDP) of Việt Nam grew 2.12 per cent in the first nine months of this year, the lowest nine-month growth rate […]


Stock market dives, profit taking rises in banking, consumer and energy sectors

  Inside brewer Sabeco’s lab. The company shares dropped 1.6 per cent on Tuesday. — Photo sabeco.com.vn HÀ NỘI — Vietnamese shares wiped out early gains to collapse on Tuesday, dragged by banking, consumer and energy sectors on stronger profit taking. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dipped 0.93 per cent to […]


Việt Nam a development success story: WB official

HÀ NỘI – With its outstanding achievements over the past three decades, Việt Nam is a development success story and continues to perform well even amid the pandemic on a range of indicators, including trade, growth and human capital, Victoria Kwakwa, Vice President for East Asia and the Pacific at the World Bank, has said. Addressing […]


First Shopee co-branded credit card launched

  Shopee, Visa and VPBank launch their first co-branded credit card in HCM City on Monday. — VNS Photo HCM CITY — E-commerce platform Shopee, VPBank and Visa on Monday launched their first co-branded credit card with an eye on the fast-growing online market.  Trần Tuấn Anh, CEO of Shopee Vietnam, said: “The partnership between Shopee, VPBank […]


E-wallet SmartPay, CIMB Bank unveil tie-up

  E-wallet SmartPay has signed an agreement with CIMB Bank that makes it simpler for its customers to open accounts with the bank. — Photo Courtesy of SmartPay HCM CITY— E-wallet SmartPay has tied up with CIMB Bank making it more convenient for its customers to open accounts with the latter. Individual customers, especially small traders […]


Master plan for a competitive power market

  Onshore and offshore wind and solar power plants are expected to increase by approximately 50,000MW by 2030 under the power development master plan 8. — VNA/VNS Photo Ngọc Hà HÀ NỘI — A power development plan for 2021-30 with a vision to 2045 would not only meet electricity demand but also more importantly create a strong […]


Seafood stocks enjoy growth despite falling profits

  Shrimp processed for export at Minh Phú Seafood Corporation (MPC) in Hậu Giang Province. The company saw stock prices soaring 50.2 per cent since the beginning of this year. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Seafood stocks posted gains despite falling earnings thanks to the ratification of the EU-Vietnam Free Trade Agreement (EVFTA). […]


Vietnamese textile and garment products may face EAEU safeguard duties

HÀ NỘI — Many Vietnamese textile and garment products may face safeguard duties in 2020 from the Eurasian Economic Union (EAEU) as the export volume to this economic bloc is at the risk of exceeding the trigger in the Việt Nam-EAEU free trade agreement. The Eurasian Economic Commission (EEC) warned the Vietnamese Ministry of Industry […]


Masan to inaugurate 2nd meat processing complex

  Workers process chilled meat at the MEATDEli Saigon meat processing complex in Long An Province on a trial basis. The complex will be officially put into operation next month. — VNS Photo HCM CITY — MEATDeli Sài Gòn Co., Ltd, a subsidiary of Masan MEATLife, has completed construction of a meat processing plant in Long […]


New coastal economic zone set up in Quảng Ninh

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc recently signed a decision on the establishment of the coastal Quảng Yên Economic Zone in the northern province of Quảng Ninh. The 13,303ha economic zone, located in the southwest of Quảng Ninh, will include an urban, industrial and hi-tech complex and the Đầm Nhà Mạc seaport, as well as […]


New decree lifts sentiment, extends market rally

  Investors at VNDirect Securities Corporation (HoSE: VND). The brokerage shares rose 2.6 per cent on Monday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares rebounded on Monday as market sentiment remained positive, following a new decree released last week to cut tax for virus-hit businesses. The benchmark VN-Index on the Hồ Chí Minh Stock […]


Real estate developers interested in emerging markets

  A view of FLC Grand Hotel Quy Nhơn project in the central province of Bình ĐỊnh. Many investors are exploring emerging markets. — Photo courtesy of FLC Group by Vũ Hoa HÀ NỘI — There is a trend of real estate developers moving their investments from big cities of Hà Nội and HCM City to […]


Footwear industry expects more export opportunities by year-end

  Việt Nam’s export value of footwear in the first eight months of this year reached US$10.9 billion, down 8.6 per cent year on year.— Photo congthuong.vn HÀ NỘI — The domestic leather and footwear industry still has a chance to increase exports from now to the end of the year, but it will be unable […]


Long An international port’s phase 1 inaugurated

  Representatives from Long An International Port and some other ports in Mekong Delta provinces also inked strategic partnership agreements on the sideline of the ground-breaking ceremony. — VNA/VNS Photo Thanh Bình LONG AN — The Đồng Tâm Group held an inauguration ceremony for the first phase of the Long An International Port project in Tân Tập Commune, Cần Giuộc District, the southern […]