PVI Holdings’ headquarters in Hà Nội. — Photo tinnhanhchungkhoan.vn HÀ NỘI — The State Securities Commission (SSC) last week issued a fine of VNĐ185 million (roughly US$8,000) to HDI Global SE for violating rules on foreign ownership and information disclosure. According to the SSC, the German insurer carried out transactions through a third-party business to hide its real ownership in […]
An HDBank office in Hà Nội. — VNA/VNS Photo Trần Việt HCM CITY — The HCM City Development Joint Stock Commercial Bank (HDBank) has decided to lock the foreign ownership limit at 21.5 per cent of the charter capital. The limit was set at 21.5 per cent so that there is more room to sell […]
Nguyễn Bá Diệp, Executive Vice Chairman and Co-founder of MoMo (left) and Nguyễn Mạnh Tường, Vice Chairman and President of the e-wallet want to develop Momo as a regional super app. — Photo courtesy of the firm HCM CITY — E-wallet firm MoMo reported it had signed up a total of 20 million users since its debut 10 […]
A representative of Industrial park (IP) developer Becamex IDC Corp gets approval for listing on the HCM City stock market (HOSE) last month. All stock indices on HOSE gained in August after slumping in July. — VNS Photo HCM CITY — The resurgence in Covid-19 in late July had a negative impact on the […]
Bình Minh Plastic Joint Stock Company (BMP) reported turnover of VNĐ2.27 trillion (US$117.4 million) and net profits of VNĐ257 billion (US$11.17 million), year-on-year increases of 7.7 per cent and 23.4 per cent. Photo vietq.vn The new wave of Covid-19 infections has caused heavy pressure on the country’s economy. In this uncertain context money flows into […]
Passengers check-in for a Vietnam Airlines flight in Đà Nẵng on August 12. The firm shares (HoSE: HVN) gained a total of 6.3 per cent last week. — VNA/VNS Photo Lê Lâm HÀ NỘI — Việt Nam’s stock market rally may slow this week as investors eye profits but the one-month projection is still optimistic. The benchmark […]
Hoà Phát will also begin supplying hot-rolled coil steel to the market this month. — Photo VNA HÀ NỘI — Hòa Phát Group sold nearly 500,000 tonnes of products in August, including more than 320,000 tonnes of steel and 170,000 tonnes of billets despite the COVID-19 pandemic. The volume of steel soared by 65 per cent month-on-month, including 54,000 […]
The Lao Bảo international border gate in the central province of Quảng Trị. — Photo VNA VIENTIANE — The Vietnamese Trade Office in Laos has employed various measures to support Vietnamese exporters amid declining trade revenue between the two countries in the first half of this year. Trade Counsellor at the Vietnamese Embassy in Laos Lê Thị Phương Hoa […]
South Korea-invested ITM Semiconductor Việt Nam in Việt Nam-Singapore Industrial Park in Bắc Ninh. — VNA/VNS Photo Thái Hùng HÀ NỘI — The northern province of Bắc Ninh licensed 119 new foreign-invested projects worth US$334.8 million in the first eight months of 2020, according to the provincial Statistics Office. To attract both foreign and domestic investors, Bắc Ninh focused on […]
In order to prevent the selling of junk SIM cards in the market again, telecom firms have actively taken many drastic measures to stop selling SIMs at authorised dealers. — Photo vietnamplus.vn HÀ NỘI — Local telecom providers have blocked and retrieved 21 million pre-activated SIM cards in three months, according to the Ministry […]
Banks’ provisions for risky loans will likely increase 48 per cent in H2 2020. Photo plo.vn HÀ NỘI — The pre-tax profit of the banking system in the second half of this year is estimated to fall 22.1 per cent compared to the same period last year due to an increase in provisions for risky […]
A woman browses an e-commerce website on her phone for hair products. — VNA Photo HÀ NỘI — Online shopping and electronic payments in Việt Nam have become more common in recent years as more of the country’s population gains access to the internet, and e-commerce in the 95 million-strong market is set to enter […]
In July, Vinaseed – a member of The PAN Group, exported VJ Pearl Rice and RVT fragrant rice to the Netherlands and the Czech Republic. — Photo courtesy of Vinaseed HÀ NỘI — Việt Nam’s rice exports have expanded during the pandemic to surpass rival Thailand in price for the first time in three decades, leading experts to suggest […]
A paper mill. According to the Việt Nam Pulp and Paper Association (VPPA), in the first five months of the year, paper production was estimated at 1.85 million tonnes, up 7.8 per cent over the same period last year. — Photo vppa.vn HÀ NỘI — An increasing demand for tissue paper amid the COVID-19 pandemic means […]
A golf course built in the Bà Nà Hills area in the central city of Đà Nẵng. A new $50 million tourism property golf course project will add to the booming golf resorts and tourism projects that will be developed along 30km of pristine beach from Đà Nẵng to Hội An in the coming decades.. Photo courtesy Bà […]
Spam text messages to sell real estate projects. — Photo tienphong.vn HÀ NỘI — Real estate companies have said that they will push marketing channels on social media and e-commerce floors instead of calling or sending text messages as a Government decree to tackle spam comes into effect next month. Experts have said the decree will […]
A car assembly line of Trường Hải Auto Corporation. The programme is to support businesses to adopt advanced management systems and tools to enhance productivity and quality of products and commodities. — VNA/VNS Photo HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has approved a national programme on supporting enterprises to improve productivity and […]
Outside the Hồ Chí Minh Stock Exchange (HoSE) in HCM City. HoSE is a State-owned enterprise under the Ministry of Finance, operating under the model of one-member limited liability company. — Photo baodautu.vn HÀ NỘI — The Hồ Chí Minh Stock Exchange (HoSE)’s pre-tax profits increased 19 per cent year-on-year in the first six months to […]
Automobile production at the plant of Japan-invested Toyota Việt Nam in Vĩnh Phúc Province. A number of foreign technology corporations were eyeing large investments in Việt Nam. — VNA/VNS Photo Danh Lam HÀ NỘI — More tech could be coming to Việt Nam soon as foreign enterprises demonstrate an appreciation for the country’s attractive investment environment. A […]
VIB reported pre-tax profit increasing from VNĐ1.4 trillion in 2017 to VNĐ4.08 trillion in 2019. — Photo the courtesy of VIB HÀ NỘI — The Vietnam International Joint Stock Bank (VIB) plans to move 924.5 million shares to the Hồ Chí Minh Stock Exchange from the Unlisted Public Company Market (UPCoM), according to an exchange […]
