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Market growth may continue but pace is slow

  A fertiliser production line of the PetroVietnam Fertiliser and Chemicals Corp (DPM).  DPM was among the market’s supporters last week. — VNA/VNS Photo Huy Hùng  HÀ NỘI — Vietnamese shares are widely expected to increase and hit new highs this week but the growth may be modest on weak market sentiment. The benchmark VN-Index on the Hồ […]


Experts gaze into crystal ball: Property prices to bottom by mid-2021

  The country’s property market is expected to slow down with prices starting to drop by the end of this year and hitting the bottom by mid-2021. VNA/VNS Photo Xuân Tình HCM CITY — The Vietnamese property market is expected to slow down, with prices starting to drop by the end of this year and […]


Despite the pandemic, shareholders set to rake it in

  The entrance of West Coach Station, operated by West Coach Station Joint Stock Company (WCS), in HCM City’s Bình Chánh District’s An Phú Tây Commune. WCS plans to pay 2019 dividend at a surprisingly high rate of 516 per cent. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Despite the difficulties inflicted by the COVID-19 pandemic, several companies plan to […]


Car dealers offer huge discounts in time of hardship

  Firms have high hopes for a revival of car prices as the lunar month of July passes and the COVID-19 pandemic eases off. Photo vietnamnet.vn HÀ NỘI – Car dealers are offering huge incentives for customers to promote sales as the economic impacts from the pandemic persist and the lunar month of July is around […]


New decree to combat spam in Việt Nam

  Strict fines will be applied for the spam texts that are so popular in Việt Nam since October 1. — Photo cafef.vn HÀ NỘI —  Nguyễn Hoài Thu’s attempts to get her baby to sleep at 9pm were going well, until she got a call from someone asking her to buy a house. She let […]


Firms urged to promote digital transformation to expand exports

  In the context of rising cross-border e-commerce, firms should speed up the digital transformation process as an effective solution to expand exports. — Photo congthuong.vn HÀ NỘI — Firms should speed up the digital transformation process as an effective solution to expand exports in the context of rising cross-border e-commerce, according to the Ministry of […]


PNJ’s revenues up 10 per cent in July

  A PNJ store in HCM City. — Photo courtesy of PNJ  HCM CITY — Phú Nhuận Jewelry Joint Stock Company reported profit after tax of VNĐ55.4 billion (US$2.38 million) in July, VNĐ1.2 billion ($51,546) up year-on-year, on revenues of VNĐ1.307 trillion ($44.6 million), up 10 per cent. The retail segment remained the growth driver, […]


Japanese enterprises seek distribution partners in Viet Nam

  Customers choose Japanese cosmetic products at Sakuko Japanese Store in Đội Cấn Street in Hà Nội  — Photo cafef.vn HÀ NỘI — Japanese businesses that sell homecare, beauty and health care products will join a programme in Hà Nội to seek Vietnamese distributors in the local market. Due to the impact of the pandemic, the […]


More Vietnamese use ride-hailing services: white book

  Ride hailing was becoming increasingly popular in Việt Nam due to its convenience and attractive promotions. — Photo baodautu.vn HÀ NỘI — The number of Vietnamese using ride-haling services has increased rapidly in recent years, signalling the potential for the development of the sharing economy in the country. According to the e-Commerce White Book which the Ministry […]


Local market ends up on finance sector

  A Bảo Việt Life Insurance office in Nam Từ Liêm District, Hà Nội. The insurer’s shares gained 1.2 per cent on Friday. — VNA/VNS Photo Trần Việt HÀ NỘI — Vietnamese shares finished the week on a positive note as key sectors such as financials and banking continued rising. The benchmark VN-Index on the […]


Loan deal set for renewable energy projects

  Solar panels are installed at the Trà Vinh Solar power plant. VietinBank agreed to provide loan for Trung Nam Group developing the project in Trà Vinh Province. Photo courtesy Trung Nam Group ĐÀ NẴNG — The Việt Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and Trung Nam Group have signed a […]


Fimex establishes food subsidiary

  Fimex will contribute VNĐ180 billion in assets and cash to its subsidiary, Khang An Food Joint Stock Company. Photo — asemconnectvietnam.gov.vn HÀ NỘI — The Sao Ta Food Joint Stock Company (Fimex) will establish its food subsidiary, Khang An Food Joint Stock Company (Khang An Food), according to the Fimex’s board of directors. Khang An Food will have a […]


MoIT receives anti-dumping documents on cold rolled stainless steel

Illustrative photo. — Photo thuonghieucongluan.com.vn HÀ NỘI — The Trade Remedies Authority of Việt Nam under the Ministry of Industry and Trade has just issued a notice of receipt of a request to review anti-dumping measures for some cold-rolled stainless steel products originating from China, Indonesia, Malaysia, and Taiwan imported into Việt Nam. Previously, the Ministry of Industry and […]


Ministry to build traceability system for products of industry and trade sector

  HCM City has a project on management, identification and traceability of foods, including fresh vegetables. — Photo hochiminhcity.gov.vn HÀ NỘI — The Ministry of Industry and Trade will build an origin tracing system to create a database on goods managed by the ministry to meet customers’ increasing demand on tracing origin of goods. This system will also […]


Low-cost capital source drops sharply in many banks

  The interest rates of demand deposits are much lower than term deposits’, being only around 0.2 per cent per annum. — Photo cafef.vn HÀ NỘI — Many banks no longer benefit from demand deposits as the low-cost capital source has declined sharply due to the impacts of the COVID-19 pandemic. For banks, attracting a high […]


VinaSeed’s rice products conquer international market

  Vinarice’s rice processing plant. Vinarice has received FSSC22000 certification from the UK’s Bureau Veritas after a strict and rigorous assessment process. — Photo courtesy of The PAN Group HCM CITY — Vietnam Rice Company Limited (Vinarice) of Vinaseed – a member of The PAN Group, has obtained the certificate of food safety management systems (FSSC […]


Boosting online payments for e-commerce growth

The Institute for Brand and Competitiveness Strategy organised a forum titled “Consumption tendency in Việt Nam: The future of online payments and consumption” in Hà Nội on Thursday. — Photo thuongtruong.com.vn HÀ NỘI — Online shopping has become more and more popular and received a lot of attention in the past five years, especially amid the […]


PM requests people-centred economic recovery solutions

  Prime Minister Nguyễn Xuân Phúc chairs the meeting of the Government’s permanent members on Wednesday. — VNA/VNS Photo HÀ NỘI — Economic development must be ensured amid the COVID-19 pandemic to provide jobs and guarantee people’s livelihoods, Prime Minister Nguyễn Xuân Phúc has said. The PM chaired a Government meeting on Wednesday to discuss draft development plans for […]


Experts discuss using AI to recover from pandemic

Experts speak at the seminar. — Photo khoahocphattrien.vn HÀ NỘI — A kick-off seminar for the 2020 Việt Nam Artificial Intelligence day (AI4VN) was held in Hà Nội on Tuesday. Participants discussed using AI to restore the operations of enterprises in the context of the COVID-19 pandemic. In his opening remarks, Deputy Minister of Science and […]


Đà Nẵng to develop digital hub and regional bio-tech centre

  Đà Nẵng Information Technology Park aims to become the ‘central Việt Nam Silicon Valley’ in the northwest region of the city. The city plans to become a digital hub and bio-tech centre in central Việt Nam. — Photo courtesy Kiều Linh  ĐÀ NẴNG — The CMC Corporation, the second largest Information and Communications (ICT) group in Việt […]