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VN shares step back under global pressure

  An SSI trading house. The brokerage shares fell 1.4 per cent on Thursday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares felt pressure from global markets on Thursday, impacting the banking and brokerage sectors. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.35 per cent to end at 848.21 points. The VN-Index […]


US to send officials to quarantine fruits for export

A farmer harvests dragon fruit in Châu Thành District in the southern province of Long An. — VNA/VNS Photo Bùi Như Trường Giang HÀ NỘI — The Animal and Plant Health Inspection Service, an agency of the US Department of Agriculture, will send officials to Việt Nam to check the quality of fruits to be exported to the US. […]


The first “Make in Vietnam digital technology product” awards launched

  Representatives of the Ministry of Information and Communications and VCCI at the award-launching ceremony. — VNA/VNS Photo HÀ NỘI — The first “Make in Vietnam digital technology product” awards were launched in Hà Nội on August 19, aiming to promote the development of digital technology businesses in the country. Minister of Information and Communications Nguyễn Mạnh […]


Users warned over new ‘cashback’ apps

  Some cashback apps lacked transparency and were risky to users. — File Photo HÀ NỘI — The Việt Nam Competition and Consumer Protection Authority (VCCA) has issued a warning over cashback apps which lack transparency and showed signs of illegal multi-level marketing. VCCA said that cashbank was an emerging model of business-to-consumer e-commerce and used as a […]


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 Nam, […]


The first “Make in Vietnam digital technology product” awards launched

  Representatives of the Ministry of Information and Communications and VCCI at the award-launching ceremony. — VNA/VNS Photo HÀ NỘI — The first “Make in Vietnam digital technology product” awards were launched in Hà Nội on August 19, aiming to promote the development of digital technology businesses in the country. Minister of Information and Communications Nguyễn Mạnh […]


Coal imports surge during the COVID-19 pandemic

A coal mine in the northern province of Quảng Ninh. — VNA/VNS Photo HÀ NỘI — Việt Nam’s coal imports have increased during the COVID-19 pandemic. Statistics of the General Department of Việt Nam Customs showed the country imported 4.4 million tonnes last month. The price of imported coal was about VNĐ1.4 million (US$60) per tonne. Việt Nam […]


Logistics property group LOGOS forms venture to enter Việt Nam

  Cargo containers are loaded from ships at Tiên Sa Port in the central city of Đà Nẵng. Việt Nam has been an attractive destination for logistics investors in recent years. — VNA/VNS Photo Lê Lâm HÀ NỘI — Australian logistics real estate group LOGOS has announced the establishment of its first Việt Nam venture with […]


Three MoIT projects to be removed from loss-making list

HÀ NỘI  —  Progress has been reported in three of 12 loss-making projects under the management of the Ministry of Industry and Trade (MOIT) more than a year after the Government’s steering committee on loss-making projects implemented comprehensive solutions. Deputy Prime Minister Trương Hòa Bình, head of the steering committee, who chaired the 11th session […]


Samsung denies moving part of Việt Nam smartphone production to India

  A smartphone production line at Samsung Electronics Vietnam in the northern province of Thái Nguyên. — VNA/VNS Photo HÀ NỘI — Samsung has rejected information that it plans to shift part of its smartphone production in Việt Nam to India. The statement came after India’s Economic Times on August 17 reported that Samsung “may shift a […]


Mobile Money a turning point for national digital transformation

  Nguyễn Mạnh Hùng, Minister of Information and Communications Prime Minister Nguyễn Xuân Phúc has given the go-ahead for a pilot application of Mobile Money, which allows the use of mobile phone accounts to pay for small-value goods and services. This model will not only bring an innovative payment solution to users, but also create […]


Financial stocks back market rebound

  Tech group CMC’s technicians at work. The company’s shares jumped 3 per cent on Wednesday. — Photo courtesy of the company HÀ NỘI — Vietnamese shares bounced on Wednesday, driven by banking-financial companies while investors sought short-term opportunities in mid-cap and small-cap sectors. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.56 […]


Textile and garment group’s earnings plummet

  A Vinatex factory. — Photo congthuong.vn HÀ NỘI — The Việt Nam National Textile and Garment Group (Vinatex) has forecast its total revenue and profit in 2020 will fall significantly from the previous year. The company expects its total revenue in 2020 will reach VNĐ14.6 trillion (US$632 million), down from last year’s figure of VNĐ20.14 trillion. Profit […]


MoIT scraps single power price proposal

  Minister of Industry and Trade Trần Tuấn Anh chaired the meeting on power tariff. The ministry decided to remove the single price model to calculate power tariff. — Photo courtesy of the ministry HÀ NỘI — The Ministry of Industry and Trade (MoIT) has decided to cancel plans for a single price model to calculate power […]


Bình Định wants two large projects to seek FDI

  A corner of Bình Định Province. The province was speeding up administrative reforms and improving the investment climate to attract foreign investors. — Photo baodautu.vn HÀ NỘI — Bình Định Province has proposed two large projects to be added to the list of those calling for foreign direct investment (FDI) in a recent report sent […]


Hòa Phát to export to African markets

A steel production line of Hòa Phát Group. — Photo hoaphat.com.vn HÀ NỘI — Hòa Phát Hưng Yên Steel Co., Ltd, a subsidiary of Hòa Phát Group, has signed a number contracts to export high-quality rolled steel branded SAE to African markets. The signing marks the group’s success in opening new export markets. As scheduled, the […]



Tax officials reduce inspections to help businesses amid COVID-19

  Firm representatives fulfill procedures to pay taxes at the Hồ Chí Minh City Tax Department. — Photo nld.com.vn HÀ NỘI — After collecting US$11.6 million from violations since early 2020, the General Department of Taxation (GDT) said it would reduce regular tax checks at businesses to help them focus on production to overcome the COVID-19 pandemic. The GDT […]


Ministry to halt market trading in emergency cases

  An investor (L) consults a staff in a securities company. In emergency cases, if the market falls too much in the trading day due to any unexpected negative news impacting on the overall sentiment, the ministry would have to halt the stock trading to calm the market down. — Photo tinnhanhchungkhoan.vn HÀ NỘI — […]


Seafood exports increase after EVFTA comes into effect

A shrimp processing plant in Kiên Giang Province. — VNA/VNS Photo HÀ NỘI — The Việt Nam Association of Seafood Exporters and Producers (VASEP) has said that seafood exports to Europe have seen many positive signs since the EU-Việt Nam Free Trade Agreement (EVFTA) came into effect at the beginning of this month. The number of orders […]