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Gold demand up sharply in HCM City in July

  A jewellery shop in HCM City. — VNS Photo Xuân Hương HCM CITY — Gold sales increased sharply in HCM City in July, according to the State Bank of Vietnam. More than 132,450 taels of gold were bought last month, 51 per cent up from the previous month, for VNĐ6.899 trillion (US$696.3 million), while […]


FDI reaches $19.54 billion in 8 months

Production at the Hoya Glass Disk Vietnam Company in Thăng Long Industrial Park, Hà Nội. — Photo kinhtedothi.vn HÀ NỘI — Việt Nam attracted a total foreign direct investment (FDI) of US$19.54 billion by August 20, equaling 86.3 per cent compared to the same period last year. Of which, 1,797 new projects were granted investment registration certificates, a year-on-year […]


MoF launches national open budget portal

  Minister Đinh Tiến Dũng (centre) and others participants kick off the launching ceremony. of the national open budget portal.  — Tapchitaichinh.vn HÀ NỘI — The Ministry of Finance (MoF) launched the open portal for state budget at https://ckns.mof.gov.vn in Hà Nội yesterday. Minister Đinh Tiến Dũng, Swiss Ambassador Ivo Sieber, director of the World […]


Footwear exports fell in many markets

  The export turnover of Vietnamese footwear products declined in the first eight months. — Photo cafef.vn HÀ NỘI — The export turnover of Vietnamese footwear products has sharply decreased, according to data from the General Department of Customs. The department said this month it was estimated at US$1.305 billion, 17.29 per cent lower than in […]


EVFTA offers a way to post-pandemic growth

Deputies, experts, businesses on EVFTA approval EVFTA, EVIPA approved to boost VN-EU economic, trade relations SMEs urged to have deep understanding on EVFTA Traceability is challenge for Việt Nam’s handicraft exports to EU Can Việt Nam take advantage of new foreign investment strategies? by Ollie Arci and Ly Ly Cao The EU-Việt Nam Free Trade Agreement […]


Pandemic derails banks’ capital hike plans

  ACB is among a few banks to complete the charter capital this year. — Photo ACB by Thu Hà HÀ NỘI — Banks are facing major challenges to carry out their capital increase plans this year due to the impacts of the COVID-19 pandemic. To meet the capital adequacy ratio (CAR) of the international […]


Top 10 leading Vietnamese IT firms programme launched

  Việt Nam Software and IT Services Association (VINASA) launched Top 10 leading Vietnamese ICT firms 2020 programme. — VNS Photo HÀ NỘI — The Việt Nam Software and IT Services Association (VINASA) on Wednesday launched voting for the Top 10 leading Vietnamese information, communication and technology (ICT) firms in 2020. The programme this year replaces […]


Tax conundrums in the time of COVID

  Brian Spence Brian Spence* It was very heartening indeed to see that at the beginning of August the National Assembly unveiled a resolution to offer small- and medium-sized enterprises (SMEs) a 30 per cent break on their corporate income tax to help them cope with the impact of the COVID-19 pandemic. While only applicable […]


PV Drilling (PVD) implements drilling contract in Cambodia from October

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


Conference promotes Japanese investment in Bình Dương

  Bình Dương Industrial – Service – Urban Complex being developed by Becamex IDC in Bình Dương Province. — Photo courtesy of Becamex IDC BÌNH DƯƠNG — Some 280 leaders of Japanese enterprises took part in an online investment promotion conference on Wednesday to introduce the southern province of Bình Dương’s industrial capacity. Organised by the Osaka Chamber of Commerce and Industry and […]


Nestlé provides 700,000 products to help Đà Nẵng in COVID-19

  Nestlé Vietnam provides nearly 700,000 products to health workers and volunteers in affected localities in Đà Nẵng City and Quảng Nam Province. — Photo courtesy of the firm HÀ NỘI — Nestlé Vietnam and its member firm La Vie Company have supported frontline staff who are fighting against the COVID-19 pandemic, as well as the community […]


Shares climb up, large-caps differentiate

  Employees at an office of FPT Corporation (FPT). FPT rose 3 per cent on Thursday. — Photo the courtesy of FPT  HÀ NỘI — Shares rose on Thursday on increasing liquidity but the market still witnessed a big variation in large-caps’ prices. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0.14 per cent […]


ASEAN + 5 expect to sign RCEP Agreement in November

  Minister of Industry and Trade Trần Tuấn Anh speaks via a video conference held on Thursday. – Photo baocongthuong.vn HÀ NỘI — The Regional Comprehensive Economic Partnership (RCEP), a proposed wide-area economic partnership under negotiation among ten ASEAN member states and five countries including Japan, China, the Republic of Korea, Australia, and New Zealand, is expected to be signed in […]


COVID-19 challenges disbursement of public investment sourced from foreign loans, ODA

  A sum worth more than VNĐ3.7 trillion of public investment sourced from foreign loans and ODA was released in the first eight months of this year, or 21.64 per cent of the plan for the full year. — Photo nhipsongdoanhnghiep.cuocsongantoan.vn HÀ NỘI — The COVID-19 pandemic is challenging the disbursement of public investment sourced from foreign […]


VN firms urged to embrace digital transformation to boost exports

  Delegates at the Digital Transformation and Key Legal Points to Take Advantage of the EVFTA’s Opportunities in the Current Context webinar held on August 26. — VNS Photo HCM CITY — Vietnamese firms regardless of their scale need to get up to speed on digital transformation to enable them to further penetrate global markets, […]


Volume of goods through seaports increases

A container ship docks at Cái Mép – Thị Vải Seaport.— Photo vietnamnews.vn HÀ NỘI — Statistics from the Việt Nam Maritime Administration showed that despite being affected by the COVID-19 pandemic, the total output of goods through Vietnamese seaports reached nearly 485.3 million tonnes in the first eight months of this year, representing year-on-year growth of […]


Intraday trading, short selling soon available: draft circular

  The view of Nội Bài International Airport in Hà Nội. The airport is run by the Airports Corporation of Vietnam, which is trading shares on the Unlisted Public Company Market (UPCoM) as ACV. — Photo vietnamairport.vn HÀ NỘI — Investors may be able to buy and sell shares within the day if the securities firm is […]


Completing Việt Nam’s initiatives helps strengthen ASEAN

  Minister of Industry and Trade Trần Tuấn Anh. Although the COVID-19 pandemic continues to be unpredictable in many ASEAN countries, Việt Nam has actively proposed and participated in regional initiatives to promote economic recovery and maintain production and supply chains both in the region and the world. Minister of Industry and Trade Trần Tuấn Anh […]


Rooftop solar power needs more policy support

Nearly 45,300 rooftop solar power projects have been put into operation nationwide by August 23. — VNA/VNS Photo HÀ NỘI — The Việt Nam Renewable Energy Week 2020 was launched in Hà Nội on Tuesday. It is co-organised by the Việt Nam Sustainable Energy Alliance, the Việt Nam Climate Action Alliance, and the Việt Nam Union […]