Latest News in Vietnam

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Vietjet offers half priced flights across Việt Nam

  Vietjet operates one of the most modern and environmentally friendly fleets. —Photo courtesy of the airline HCM CITY — Vietjet has teamed up with the five-star hospitality group Vinpearl offering half-priced fares and hotel stays in order to celebrate the 75th Independence Day. From August 31 to September 4, passengers can book tickets at www.vietjetair.com and Vietjet Air’s mobile app using the promotion code […]


HCM City office market begins to feel COVID-19 impact

  Office buildings in HCM City. The city’s office market has begun to be affected by the fallouts of the COVID-19 pandemic. — File Photo HCM CITY — The HCM City office market has started to feel the effects of the COVID-19 pandemic, with grade A buildings impacted more than grade B, experts have said. CBRE said in […]


BUSINESS BEAT

Central bank cuts key rate again to boost lending On August 1 the State Bank of Việt Nam cut its benchmark interest rate by half a percentage point to support the economy, which has been hit by the COVID-19 pandemic. This was its third cut this year after an earlier 0.5-percentage-point reduction in May. The […]



Beer industry: market slowly recovers

  Beers on display at a supermarket in HCM City. — VNS Photo Xuân Hương HCM CITY — Domestic beer consumption in the second half of the year is expected to improve over the first six months, while next year the beer industry can grow by 20 per cent compared to the low base this year. Despite progress, beer consumption […]


Childcare support key to keeping factories ticking over: experts

  Students join a celebration in Thái Quang Kindergarten, the VNĐ 50 million facility build by shoe maker Taekwang Vina Company to serve their employees in Đồng Nai Province. — Photo courtesy of the company HÀ NỘI — Manufacturing firms are increasingly focusing on offering quality childcare services to ensure they retain workers. “Without a factory-based childcare […]


Việt Nam’s construction market forecast to lure more foreign investors

  The enactment of the Public-Private Partnership (PPP) Law in 2020 signals the Government’s intention to attract more private sector investments in the infrastructure sector. Photo luatvietnam.vn  HÀ NỘI — More foreign participation is forecast in Việt Nam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to […]


Experienced investors still interested in property market: experts

  Investors look at a property project. Prices in this market have levelled off after a period of high prices but not reduced. — Photo batdongsan.com.vn HÀ NỘI — Experienced investors continue to sink money into the real estate market despite the problems the COVID-19 pandemic has caused for the sector. Most property experts said the real estate market would […]


Pig imports push domestic pork prices down

  Over the past week, live hog prices nationwide gradually decreased each day. —Photo vnmedia.vn HÀ NỘI — Efficient reproduction of pigs and enhancing imports of frozen pork and live pigs have made prices of live hogs fall, according to the Ministry of Agriculture and Rural Development (MARD). The ministry forecasts that pork supply will increase […]


Cooking oil stock rockets 68% in nine days

  Tường An’s cooking oil production line. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Shares of Tường An Vegetable Oil Joint Stock Company have soared nearly 68 per cent in two trading weeks after the company announced high cash dividend rate. Tường An shares soared 6.9 per cent to trade at VNĐ59,100 (US$2.55) apiece on Friday. The […]


VN’s agro-forestry-fishery earns US$6.2 billion trade surplus

  Frog legs processed for export at Tân Thành Lợi Company, Long An Province. Việt Nam’s agro-forestry-fishery exports totalled $26.1 billion in the first eight months of this year. — VNA/VNS Photo Danh Lam HÀ NỘI — Việt Nam ran a surplus of US$6.2 billion in agro-forestry-fishery trade in January-August, 4.9 per cent higher than the […]


PetroVietnam subsidiary to drill in Cambodia from October

  The rig PV DRILLING II will commence a 100-day drilling campaign in Việt Nam from September 2020.  — Photo courtesy of PV Drilling HÀ NỘI — The PetroVietnam Drilling & Well Service Corporation (PV Drilling)’s rig PV Drilling III will implement its contract to drill five new wells for Kris Energy in Cambodia for three months, […]


Shares gain as Fed signals to keep rates low

  Vinamilk’s cattle farm in Tây Ninh Province. Shares of Vinamilk (VNM) rose 1.8 per cent on Friday. — VNA/VNS Photo Lê Đức Hoảnh HÀ NỘI — Vietnamese shares advanced on Friday thanks to global upbeat sentiment as investors cheered the speech by the US’s FED chairman Jerome Powell at a conference overnight. The benchmark VN-Index […]


ASEAN+3 determined to promote economic development and reduce risks from COVID-19

  Việt Nam’s Minister of Industry and Trade Trần Tuấn Anh at the meetting. – VNA/VNS Photo HÀ NỘI – ASEAN Economic Ministers held a video conference with the region’s partner countries including China, Japan and South Korea (ASEAN+3) on Friday. The meeting, organised within the framework of the 52nd ASEAN Economic Ministers Meeting and related conferences […]



FDI commitments to Việt Nam down 14% in 8 months

  Clothing products are made by workers at South Korean KH VINA COMPANY LIMITED in the central province of Thanh Hoá. — VNA/VNS Photo Vũ Sinh HÀ NỘI — The country lured US$19.54 billion in foreign direct investment (FDI) in January – August period, down 14 per cent year-on-year, a report by the Foreign Investment Agency (FIA) under […]


THACO boosts automobile exports to Myanmar

  An auto assembly line at Trường Hải Auto Corporation. — VNA/VNS Photo Văn Xuyên HÀ NỘI — Trường Hải Auto Corporation (THACO) shipped a haul of 80 Kia Soluto cars to Myanmar on August 26, all of which had been manufactured at the Thaco Kia factory in the Thaco-Chu Lai Industrial Park in Quảng Nam […]


ASEAN, US continue to foster economic engagement

  ASEAN Economic Ministers and US Trade Representative Robert Lighthizer (centre) discuss co-operation via a video conference on Thursday. — VNA/VNS Photo   HÀ NỘI — The ASEAN Economic Ministers (AEM) and the US Trade Representative (USTR) Consultations took place virtually on Friday as part of the 52nd meeting of the ASEAN Economic Ministers (AEM-52). The function was co-chaired […]


ASEAN, China boost trade links

  Minister of Industry and Trade Trần Tuấn Anh chairs the meeting between Economic ministers from ASEAN member countries and representatives from China’s Ministry of Commerce. — VNA/VNS Photo Trần Việt HÀ NỘI — Economic ministers from ASEAN member countries held a meeting with representatives from China’s Ministry of Commerce on Thursday. This 19th consultation took place within the […]


Cần Thơ to export first batch of rice to EU with zero tariff

Rice production line at the Trung An High-tech Farming JSC. — VNA/VNS Photo CẦN THƠ — Trung An High-tech Farming JSC is completing the packaging of the first batch of rice to the EU, which will enjoy zero per cent tax. Earlier, the company, based in the Mekong Delta city of Cần Thơ, signed rice contracts […]