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VN weight in MSCI Frontier Markets Index unchanged

  Dairy producer Vinamilk’s cattle farm in Lâm Đồng Province. The company shares accounted for 3.05 per cent of the MSCI Frontier Markets Index at the end of August. — Photo vinamilk.com.vn HÀ NỘI — Vietnamese shares still accounted for 17.19 per cent of the MSCI Frontier Markets Index at the end of August, according to […]


Stronger measures needed to combat IUU fishing: Deputy PM

  Deputy Prime Minister Trịnh Đình Dũng speaks at the the fourth session of the National Steering Committee for IUU Prevention on Tuesday. Photo baochinhphu.vn HÀ NỘI — Deputy Prime Minister Trịnh Đình Dũng has urged stronger and more drastic measures to meet recommendations made by the European Commission (EC) to remove its yellow card warning for illegal, unreported and […]


Retail businesses adapt to Covid-19, go online

  A shopper scans QR codes to shop online at lazada online shopping platform . Photo baodautu.vn HCM CITY – Retailers in HCMC have quickly adapted to the situation caused by the COVID-19 pandemic by resorting to e-commerce and delivery services. In the first eight months of the year only retail grew among all the service […]


Seaports to foster south-central region economic development

  Quy Nhơn Port in Bình Định, one of the country’s major general ports. The development of a cluster of ports in the south-central region is expected to be a driving force for local economic development.— VNA/VNS Photo HCM CITY — The construction of a series of seaports in the south-central region is expected to […]


Việt Nam urged to improve infrastructure to attract more FDI

  Việt Nam needs to pay more attention to improving its infrastructure and increasing connectivity to attract FDI. — VNA/VNS Photo Danh Lam HÀ NỘI — Việt Nam needed to improve its infrastructure in order to attract more FDI, a webinar heard on Monday. Themed “Capitalising on Vietnam’s Investment Opportunities Post COVID-19”, the webinar drew senior leaders from businesses […]


Local ETFs draw foreign attention

  Foreign investors at the Hồ Chí Minh Stock Exchange (HoSE). Việt Nam hopes to lure more foreign capital to the local stock market through the strong development of domestic exchange-traded funds (ETFs). — Photo thoibaotaichinhvietnam.vn HÀ NỘI — The domestic exchange-traded fund VFMVN Diamond (HoSE: FUEVFVNĐ) on Tuesday issued an additional 300,000 certificates to raise […]


VN’s forex reserve sets new record

  Việt Nam’s foreign exchange reserve was standing at a new record high of US$92 billion. — Photo plo.vn HÀ NỘI — Việt Nam’s foreign exchange reserve has hit a new record high of US$92 billion, a significant expansion from the $84 billion which the Governor of the State Bank of Việt Nam Lê Minh Hưng […]


Vietsovpetro’s oil and gas production surpasses target

  At Bạch Hổ field. — Photo VNA HÀ NỘI — The Việt Nam-Russia oil and gas joint venture Vietsovpetro has announced that oil and gas exploitation reached 2.1 million tonnes in the first eight months of this year, 7.3 per cent higher than the target. With oil priced at more than US$40 per barrel, Vietsovpetro said […]


Central city calls for $2 billion investment in 2021-25

  The bay in Đà Nẵng will become a new sea port, rail and logistics centre. Photo courtesy Trung Nam Group  ĐÀ NẴNG — Đà Nẵng has called for total investment of VNĐ47.5 trillion (US$2 billion) from the State Budget and foreign sources for the development of 38 projects between 2021-25, focusing on transport and traffic. Director of the […]


Financial, banking stocks drive market up

  Customers at a branch of Vietinbank (CTG). CTG rose 2.2 per cent on Tuesday. — Photo tinnhanhchungkhoan.vn  HÀ NỘI — Shares overcame early losses on Tuesday, with financial stocks leading gains and supporting the market. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.21 per cent to close the trading session at 890.14 points. […]


Techcombank raises foreign cap to allow foreign employees to buy shares

  A Techcombank office. — Photo techcombank.com.vn HÀ NỘI — The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has raised its foreign ownership limit to 22.5076 per cent from 22.4951 per cent, according to the Hồ Chí Minh Stock Exchange (HoSE). The increase aims to enable foreign employees to buy 439,000 Techcombank shares. Techcombank shares […]


DIC Holdings Construction gets HoSE-listing approval

  Photo shows DIC Holdings Construction’s apartment project in Vũng Tàu City, Bà Rịa-Vũng Tàu Province. — Photo dic.vn HÀ NỘI — The Hồ Chí Minh Stock Exchange (HoSE) has approved the listing of DIC Holdings Construction JSC. The company will list 30 million shares on the HoSE with code DC4, valuing the company at VNĐ300 billion […]


Việt Nam Smart City Award 2020 launched

  The Việt Nam Smart City Award 2020 was officially launched. — VNS Photo  HÀ NỘI — The Việt Nam Association for Software and IT Services (VINASA) on Monday launched the Việt Nam Smart City Award 2020 to promote the sustainable development of smart cities in the country. The award, organised for the first time by […]


Prime Minister welcomes Japanese firms’ investment in Việt Nam

  Prime Minister Nguyễn Xuân Phúc at the dialogue with Japanese economic groups and businesses in Hà Nội on Monday. – VNA/VNS Photo HÀ NỘI – The Vietnamese Government appreciates the role of the Japanese businesses for their responsible and efficient investment in Việt Nam, contributing to the State budget, environmental protection and care for workers, Prime Minister […]


Over 7,000 C/O issued for exports to EU in August

  In the first half of August this year, shrimp export value to the EU reached $29.4 million. — Photo nld.com.vn HÀ NỘI — More than 7,200 EUR.1 certificates of origin (C/O) were issued in August for goods exports to the EU worth US$227 million since the EU-Vietnam Free Trade Agreement (EVFTA) took effect last month, […]


MoIT proposes overhaul of investment framework for power projects

  A power station in the central region. Mustering the financial resources required to increase the country’s energy supply, which is estimated at US$8-10 billion annually, has been difficult. — Photo Industry and Trade Magazine HÀ NỘI — The National Assembly’s economic committee held a hearing on the development of Việt Nam’s energy sector until 2030 yesterday. […]


HCM City seeks ways to increase exports

  HCM City trade authorities unveil eight measures to boost exports. — VNA/VNS Photo HCM CITY — The  HCM City Department of Industry and Trade has unveiled a project to promote exports over the next five years. ‘Developing Exports in HCMC until 2025, with a Vision to 2030’ forecasts opportunities for and challenges to exports, identifies […]


Digital expo offers VN firms opportunity to showcase fruits, vegetables to EU

  The Macfrut Digital Trade Show to be held online from September 8 to 10 will offer a chance for Vietnamese enterprises to explore European market of nearly 500 million consumers and learn about their tastes. — Photo courtesy of organisers HCM CITY — The Macfrut Digital Trade Show to be held online for the […]


Shares sink on selling pressure

  Customers at VPBank’s branch in Hà Nội. VPBank shares (VPB) dropped 4.1 per cent on Monday. — Photo courtesy of VPB HÀ NỘI — Vietnamese shares sank again on Monday as large-cap stocks were hit by massive selling pressure, especially during the ATC session. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange lost […]


Mooncake producers begin selling well before Mid-Autumn Festival

  Mooncake producers are offering many traditional and new varieties this year for the Middle-Autumn Festival. — VNA/VNS Photo HCM CITY — The Mid-Autumn Festival is a time for mooncakes, a baked pastry that symbolises family reunions and which is traditionally consumed as part of the celebrations. Despite the difficult economic situation this year caused […]