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VN energy sector a magnet for foreign investors

  A project of rooftop solar power in HCM City. VNA/VNS Photo HCM CITY – National electricity demand is expected to increase by 8.5 per cent a year until 2025 and 7 per cent until 2030, making Việt Nam an attractive market for foreign energy investors. The economy is expected to grow at 6.5-7.5 per […]


Việt Nam exports S95 construction material for first time

  The Hòa Phát Dung Quất Steel JSC ships the first batch of S95 ground granulated blast furnace slag to Australia on Thursday. — Photo courtesy of Hòa Phát Group QUẢNG NGÃI — The Hòa Phát Dung Quất Steel Joint Stock Company shipped its first batch of S95 ground granulated blast furnace slag to Australia on Thursday, where strict standards and stringent requirements […]


GSO to implement 2nd survey of COVID-19 on businesses

The manufacturing and processing industry is one of those suffering negative impacts due to the COVID-19 pandemic. — Photo daibieunhandan.vn HÀ NỘI — In the context of the COVID-19 pandemic returning from July, the General Statistics Office (GSO) continues to conduct a survey on impacts of the pandemic on production and business activities for the second time. […]


Air, rail transportation for farm produce should be improved: experts

  Cargo loaded into a Vietnam Airlines plane. — Photo nld.com.vn HÀ NỘI — Air and rail transportation should be promoted to transport farm produce to reduce logistics costs and increase the competitiveness of export products, experts have said. Deputy Director of the Ministry of Industry and Trade’s Import-Export Department Trần Thanh Hải told a conference to connect […]


Nine Vietnamese fragrant rice varieties given tariff quotas in EU

Bags of rice loaded onto a ship for export. — VNA/VNS Photo Danh Lam HÀ NỘI — Nine Vietnamese fragrant rice varieties will enjoy tariff export quotas to Europe under the Europe-Vietnam Free Trade Agreement (EVFTA) agreement. As part of the agreement, the EU will give Việt Nam a quota of 80,000 tonnes of rice with […]


SBV tells banking industry to develop an inclusive finance system

  People in Phú Thọ Province join the credit incentive programme. Việt Nam has been working on an inclusive finance system to serve all people in the country. VNA/VNS Photo HÀ NỘI — The State Bank of Việt Nam (SBV) urged the banking industry to build an inclusive finance system that serves all members of society in Việt Nam […]


Transparency and the value of earning trust

  Brian Spence, managing partner of S&P Investments Brian Spence * I’ve now lived in beautiful Việt Nam for several years and have recently been reflecting on how my work compares here to the many decades when I was a financial and business advisor in the west. One area where it is particularly instructive to observe […]


City to speed up disbursement of public funds, increase budget revenue

  Nguyễn Thành Phong (centre), chairman of the city People’s Committee, speaks at a meeting to review the city’s socio-economic development in the first eight months. Photo courtesy of the HCM City Press Centre HCM CITY — HCM City will continue to speed up the disbursement of public funds and seek to increase budget revenue for the […]


Shares struggle as large caps vary

  People buy fuel at a Petrolimex station in Hà Nội. Shares of Petrolimex (PLX) lost 1.6 per cent on Thursday. — VNA/VNS Photo  HÀ NỘI — Share cut early gains on Thursday with the market experiencing strong volatility with big variation in large-caps’ prices. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange […]


PVEP exceeds nine-month oil exploitation target

  At Đại Hùng oil field. — Photo courtesy of PVEP HÀ NỘI — The PetroVietnam Exploration Production Corporation (PVEP) extracted 2.6 million tonnes of oil in the first eight months of this year, surpassing the target by 2 per cent and equivalent to 68 per cent of the yearly plan. The corporation said its total oil […]


Bamboo Airways launched new air routes to Côn Đảo

  The Embraer E195 aircraft will be put into operation by Bamboo Airways on three new routes to Côn Đảo. — Photo courtesy of Bamboo Airways HÀ NỘI — Bamboo Airways will launch new direct flights from Hà Nội, Hải Phòng and Vinh to Côn Đảo from September 29th. Tickets on the routes go on sale from midnight on September 12th. […]


EVN pilots online platform to assist with rooftop solar power development

  As of the start of September, nearly 50,000 rooftop solar power projects with a total capacity of close to 1,200 MWp had been completed and put into operation across the country. — Photo courtesy of EVN HÀ NỘI — Vietnam Electricity (EVN) on Wednesday launched the EVNSOLAR platform at solar.evn.com.vn to assist potential investors, both households and enterprises, in […]


Việt Nam’s current account forecast at 3.7% in 2020

  Foreign tourists visit Huế Imperial Citadel in the central province of Thừa Thiên-Huế. A drop in tourism as a result of COVID-19 induced travel restrictions to cripple Việt Nam’s services exports. VNA/VNS Photo Quốc Việt HÀ NỘI — Việt Nam’s current account surplus could narrow to 3.7 per cent in 2020 from 4.9 per cent […]


Despite lower interest rates, people still put money in banks

  Customers transact at Vietcombank’s head quarter at 198 Trần Quang Khải Street, Hà Nội — VNA/VNS Photo Trần Việt HÀ NỘI — Though the deposit interest rates of commercial banks have been reducing, people are still putting their money into banks amid the pandemic. Nguyễn Hồng Hà, a nurse in Hà Nội sold her gold […]


New Japanese gov’t likely to continue Abe’s policy for Việt Nam: JETRO economist

  Atsusuke Kawada, Chief Senior Economist at the Japan External Trade Organisation Confirming Việt Nam and other ASEAN countries are very important partners for Japan in the fields of economics, politics and foreign affairs, Chief Senior Economist at the Japan External Trade Organisation (JETRO) Atsusuke Kawada told Vietnam News Agency about the likely diplomatic and economic policy for […]


Trade plummets at HCM City’s wholesale markets after second COVID-19 outbreak

HCM City’s Bến Thành Market, one of the city’s oldest markets, is seeing only dozens of visitors on weekends due to the second COVID-19 outbreak. VNA/VNS Photo Anh Thư Thu Anh  HCM CITY — Wholesale markets in HCM City are facing a serious crisis due to the second COVID-19 outbreak.  District 1’s Bến Thành Market, one of […]


Pig re-herding and lunar July push hog prices down

  Hog prices go down in the market when the local herd is expanded. — Photo cafef.vn HÀ NỘI — The efficient re-herding of local pigs, imported pork and decreased meat consumption in lunar July have pushed hog prices down, contributing to stabilising the consumer price index. Nguyễn Văn Ninh, who owns a farm with some […]


Shares decline on selling pressure, bottom purchase supports market

  A store of Phú Nhuận Jewelry JSC (PNJ) in HCM City. PNJ lost 0.5 per cent on Wednesday. — Photo pnj.com.vn HÀ NỘI — Shares ended lower on Wednesday due to selling pressure pushing large cap stocks down, but bottom purchase demand increased towards the end of trading, helping narrow the market’s decline. The benchmark VN-Index […]


88 HoSE-listed firms unavailable for margin lending

  A brewery factory run by the Hà Nội Beer Alcohol and Beverage Joint Stock Corporation (HóSE: BHN). The company’s stock is among 88 items that are ineligible for margin lending on the southern bourse. — Photo baodautu.vn HCM CITY — The total number of listed companies whose stocks are ineligible for margin lending on the […]


VinFast buys testing centre in Melbourne

  Lang Lang is one of GM Holden’s oldest and most modern vehicle testing centres in the world. — Photo courtesy of Vingroup HÀ NỘI — Vietnamese carmaker VinFast has announced its acquisition of the GM Holden Lang Lang Testing Centre in Australia, as part of its efforts to expand internationally. The purchase centre follows a deal inked between […]