Latest News in Vietnam

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Vietnam Airlines’ domestic passenger throughput grows despite COVID-19

  Passengers check in at a Vietnam Airlines counter. —  VNA/VNS Photo Huy Hùng HÀ NỘI — Vietnam Airlines has carried nearly 40,000 passengers on domestic routes since the beginning of 2020, an annual increase of 12 per cent. The growth marks the national carrier’s good recovery as the country has been able to contain COVID-19. It is […]


First batch of fragrant rice to be exported under EVFTA

  Rice is one of the key products of Việt Nam. Vietnamese businesses and farmers will focus on meeting the EU’s strict quality requirements, expanding the growing area and export volume, diversifying varieties, and building brands for Vietnamese varieties in the EU market. – Photo baochinhphu.vn   HÀ NỘI — The first batch of fragrant rice would be shipped […]


SBV eyes further interest cut

  State Bank of Vietnam’s headquarter in capital city Hà Nội. — VNA Photo HÀ NỘI — The State Bank of Vietnam (SBV) sought to further cut interest rate in an effort to boost the country’s economic recovery, said its deputy-governor Nguyễn Thị Hồng in an SBV’s press conference held by yesterday in Hà Nội. […]


SSC prepares circular to oversee trading activities

  The logo of the State Securities Commission at its head office in Hà Nội. — Photo cafef.vn HÀ NỘI — The Ministry of Finance is collecting feedback on a draft circular to help market regulators oversee trading activities on the stock market. Under the draft, the market regulators are the State Securities Commission (SSC), the […]


Việt Nam initiates anti-dumping investigation on sugar imported from Thailand

  The increase of imported sugar has left the local sugar industry suffering. — VNA/VNS Photo Xuân Tư HÀ NỘI — Việt Nam for the first time will investigate signs of dumping of sugar imported from Thailand, said the Ministry of Industry and Trade (MoIT) on Monday. The ministry on Monday issued Decision No 2466/QD-BCT on […]


Fresh fruit and herb processing factory comes into operation in Sơn La

  A production line of the factory. — Photo baonghean.vn HÀ NỘI — The first phase of a fresh fruit and herb processing factory recently came into operation in Vân Hồ District, the northern mountainous province of Sơn La. The factory has a total investment capital of VNĐ1.2 trillion (US$53 million). The first phase is worth VNĐ300 billion and will process fruits […]


PetroVietnam stands firm amid “double crisis”

  Oil rig in Bạch Hổ (White Tiger) field in Bà Rịa-Vũng Tàu Province. — VNA/VNS Photo Huy Hùng HÀ NỘI — Việt Nam’s oil and gas industry has been a bright spot in the global energy map despite the “double crisis” of a steep decline in oil prices and the COVID-19 pandemic which has engulfed […]


Shares gain on growth of banking stocks

  Inside a Techcombank (TCB) office in Hà Nội. TCB rose 2.3 per cent on Monday. — Photo courtesy of Techcombank  HÀ NỘI — Vietnamese stock markets had a good start on Monday, largely led by gains in financial shares and heavy-weight stocks. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.78 […]


Gelex raises offer for Viglacera shares

  The head office of the Việt Nam Electrical Equipment (Gelex) in Hà Nội. — Photo cafef.vn HÀ NỘI — The Việt Nam Electrical Equipment JSC (Gelex) has raised its offer by 9.3 per cent to buy Viglacera shares in an attempt to take a controlling stake in the firm. The bid was increased to VNĐ23,500 (US$1.01) […]


SHB files for listing on HoSE

  A Sài Gòn-Hà Nội Commercial Joint Stock Bank (SHB) office. — Photo dientungaynay.vn HCM CITY — Sài Gòn-Hà Nội Commercial Joint Stock Bank (SHB) has filed to list more than 1.75 billion shares on the Hồ Chí Minh Stock Exchange. If approved, the bank will succeed in moving its shares to the southern bourse from the Hà […]


Work starts on biggest inland foreign-funded renewable energy project in Việt Nam

  The investor – B&T Windfarm JSC  holds virtual groundbreaking ceremony for the farm cluster. — Photo baodautu.vn QUẢNG BÌNH — The construction of the B&T wind farm cluster, the biggest foreign-funded renewable energy project in inland Việt Nam, began in the central province of Quảng Bình on Sunday.  Spanning over 2,244 ha in the districts of Quảng Ninh and Lệ Thuỷ, […]


Vietnamese Abivin wins the fifth ASEAN Entrepreneur Award at WKF2020

  Phạm Nam Long, CEO Abivin.  HÀ NỘI — Phạm Nam Long, CEO of Vietnamese logistics company Abivin, was named as one of three winners at the fifth ASEAN Entrepreneur Award at the 21st World Knowledge Forum (WKF2020) in Seoul. Long shared the title with Rachmat Kaimuddin, CEO of Indonesia’s e-commerce firm Bukalapak and Nang Kham Noung, […]


FLC Group to inaugurate Việt Nam’s biggest hotel in Quy Nhơn in November 2020

  FLC Grand Hotel Quy Nhơn. — Photo courtesy of FLC Group HÀ NỘI — FLC Grand Hotel Quy Nhơn is scheduled to be officially inaugurated in November this year, becoming a new iconic project in central province of Bình Định, contributing to the completion and enhancement of a luxury resort experience for visitors in […]


Ministry asks for support for tourism industry

  Hotels have faced less than 10 per cent occupancy during the secend wave of the pandemic. — Photo nld.com.vn HÀ NỘI — The Ministry of Culture, Sports and Tourism has asked Prime Minister Nguyễn Xuân Phúc for urgent support for tourism businesses impacted by the second wave of COVID-19. The ministry suggested that tourism firms should be […]


VN needs to develop raw materials production to take advantage of EVFTA

  Processing of garment products at the Tiên Hưng Garment Joint Stock Company in Hưng Yên Province. In 2019, Việt Nam’s textile and garment export value to the EU reached $4.3 billion, 3.8 per cent higher than 2018. — VNA/VNS Photo Phạm Kiên HÀ NỘI — A shortage of raw materials remained an obstacle that needed to be removed if […]


Car imports surge in August

  An imported car of Mercedes – Benz is being sold in Việt Nam. — VNA/VNS Photo HÀ NỘI – Imports of automobiles surged in August, with high volume from Thailand, Indonesia, and China, according to a report from the General Department of Customs. The report showed more than 8,800 cars of various types were imported worth […]


International expo on supporting industries and manufacturing to take place in December

VIMEXPO will take place from December 9 to 11.— Photo dantri.com.vn HÀ NỘI — The Việt Nam International Exhibition on Supporting, Processing and Manufacturing Industries (VIMEXPO) 2020 will take place at the Hà Nội International Exhibition Center from December 9 to 11. VIMEXPO 2020 is directed by the Ministry of Industry and Trade, hosted by […]


More international co-operation and technology needed for future: WKF

HÀ NỘI — Experts urged more international cooperation to fight the pandemic when they met online and offline at the 21st World Knowledge Forum (WKF2020) in Seoul on Wednesday. While former United Nations Secretary General Ban Ki-moon called for enhanced global cooperation and solidarity to achieve common prosperity against future crises after the pandemic, former […]


Ninh Bình eyes $137m automobile factory

  Excavators are ready for the factory’s ground-breaking ceremony. —  VNA/VNS Photo Đức Phuơng NINH BÌNH — Construction of an automobile assembly and manufacturing factory, expected to cost over VNĐ3.2 trillion (US$137.4 million) kicked off on Sunday in the northern province of Ninh Bình.  Financed by Thành Công Group, the Hyundai Thành Công No 2 factory has a production capacity of 100,000 […]


PV Gas – leading firm in domestic gas industry

  PV Gas has brought the gas industry forward in the national economy. — Photo courtesy of PV Gas HÀ NỘI — PetroVietnam Gas Joint Stock Corporation (PV Gas) has taken the lead in the Việt Nam Oil and Gas Group (PetroVietnam) and played a key role in the domestic gas industry, a meeting celebrating the 30th […]