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Banks cut transaction fees to aid customers amid pandemic

  Fees of ATM and POS transactions via the SBV’s National Payment Corporation of Vietnam (NAPAS) will be cut by 50-75 per cent from August 1. — VNA/VNS Photo HÀ NỘI — The State Bank of Vietnam (SBV) has directed credit institutions to reduce some transaction fees from August 1 this year to support customers amid the outbreak of the […]


MPI, Amazon launch digital sales support programme for SMEs

  A digital sales programme has been co-launched by the Ministry of Planning and Investment (MPI) in collaboration with Amazon Global Selling Việt Nam to help Vietnamese SMEs access international markets. — Photo vietq.vn HÀ NỘI — The Ministry of Planning and Investment (MPI) in collaboration with Amazon Global Selling Việt Nam has launched a programme to help small and medium-sized […]


Hà Nội’s first ‘zero đồng mini supermarket’ goes online

  People strictly following the 5K requirements of the Ministry of Health before entering the “zero đồng mini-supermarket”. — Photo courtesy of Alphanam HÀ NỘI — The first “zero đồng mini-supermarket” in Hà Nội opened on Sunday in the courtyard of the People’s Committee of Đức Thắng Ward in Bắc Từ Liêm District, serving nearly 1,000 […]


Vietnamese quả sấu make their way to Australia

Dracontomelon – locally known as quả sấu – is hugely popular and widely used in Vietnamese cuisine. — Photo baochinhphu.vn MELBOURNE — Twenty-two tonnes of Vietnamese dracontomelon – locally known as quả sấu – have arrived in Australia, said the Vietnamese Embassy’s trade representative office in the country.  This is the first time quả sấu was imported, marketed and […]


Việt Nam’s exports up 25.5 pct in seven months

  Việt Nam runs a deficit of $1.7 billion in July, bringing the figure in seven months to $2.7 billion. — VNA/ VNS Photo  HÀ NỘI — Việt Nam’s export earning hit US$27 billion in July, down 0.8 per cent month-on-month and up 8.4 per cent year-on-year, reported the General Statistics Office (GSO) last week. On seven-month […]


Vietjet’s H1 profit reaches over $5.5m

  A Vietjet plane lands at Tân Sơn Nhất International Airport in HCM City. — Photo courtesy of Vịetjet HCM CITY — Vietjet Aviation Joint Stock Company (HOSE: VJC) announced consolidated revenue and pre-tax profit of over VNĐ8.38 trillion (US$365 million) and VNĐ127 billion ($5.53 million), respectively in the first half of this year.  Revenue in passenger […]


HCM City ensures food supply in locked down areas

  A Co.op Food store in an isolation area in HCM City’s Bình Tân District has more than enough goods for local residents, according to city inspectors. Photo tuoitre.vn HCM CITY –  Supermarkets and shops in locked down areas in HCM City have an abundant supply of goods, according to the city’s Department of Industry and Trade inspection teams. The inspection […]


Việt Nam ranks third in logistics performance index in ASEAN

  Illustrative image. —Photo VNA HÀ NỘI — Việt Nam ranks 39th among 160 countries and territories, and third in the Association of Southeast Asian Nations (ASEAN) in logistics performance index (LPI), heard a workshop held by the Ministry of Industry and Trade (MoIT) on Friday. The country is also placed among the top emerging markets […]


Vinamilk posts record high net revenue in Q2 2021

  A production line of Vinamilk. — VNA/VNS Photo HÀ NỘI — The Vietnam Dairy Products JSC – Vinamilk, the largest dairy company in Việt Nam, posted a record high in net revenue of VNĐ15.71 trillion (US$682.57 million) in the second quarter of 2021, a year-on-year rise of 1.4 per cent, according to its financial […]


PM approves reduction in power bills for people impacted by Directive 16

  A 15 per cent reduction will be applied to electricity prices for households in provinces and cities applying social distancing. Photo moit.gov.vn HÀ NỘI — The Prime Minister has approved the Ministry of Industry and Trade (MoIT)’s proposal to cut power bills for households for two months in provinces and cities applying social distancing, the ministry […]


HCM City focuses on helping locals buy produce

  Shoppers wait in line in front of a bus selling vegetables, one of the many mobile selling sites in HCM City. The city has been carrying out a number of initiatives to help people buy essential goods more easily. – VNA/VNS Photo HCM CITY – HCM City has been working on a number of […]


Agricultural production and circulation must be maintained during social distancing

  Workers of Vina T&T Import-Export Company process fresh coconut in its factory in Kim Thành District, Bến Tre Province. Social distancing regulations are pulling the productivity of the firm. — Photo courtesy of the firm HÀ NỘI — Amid strict social distancing across the country, leaders of the agriculture industry told all localities to […]


Share to keep positive trend on rising liquidity

An employee of Hoà Phát Group (HPG) spraying disinfectant throughout the factory. HPG rose  3.3 per cent last week. Photo courtesy of Hòa Phát Group HÀ NỘI — Shares are expected to move positively this week on significant growth of both scores and liquidity, brokerages said. On the Hồ Chí Minh Stock Exchange, the VN-Index increased 1.27 per cent […]


COVID-19-hit businesses seek more support from gov’t as production slows

  Tokin Electronics Việt Nam Co., Ltd in Đồng Nai Province has arranged temporary accommodation for its workers. — Photo www.sggp.org.vn  HCM CITY — Many businesses in HCM City are at risk of losing market share if suspension of operations due to the COVID-19 outbreak continues. More than 12,000 businesses in the country have had to stop operations or scale down each month since the pandemic hit the […]


Sacombank makes $73.4m profits from selling treasury stocks

  Nguyễn Đức Thạch Diễm, a member of the board of directors and CEO of Sacombank. — Photo courtesy of the bank HCM CITY — Sacombank sold out all 81.56 million treasury shares (equivalent to 4.33 per cent of its charter capital) on the stock market on July 27 for more than VNĐ2.438 trillion (US$106.2 […]


Masan net revenues up 16.4% in H1

  Customers shop for vegetables at a VinMart+ store in HCM City. Masan reports strong growth in revenue and profit in the first half. — Photo courtesy of Masan HCM CITY — Masan Group Corporation’s revenues increased by 16.4 per cent year-on-year in the first half to VNĐ41.2 trillion (US$1.79 billion), primarily due to double-digit […]


Barriers removed to help e-commerce platforms ensure essential supplies

  In HCM City, Tiki, one of the leading e-commerce platforms in Việt Nam, has increased the goods supply focusing on essential products. —Photo tinhte.vn HÀ NỘI — The Ministry of Industry and Trade’s Department of E-commerce and the Digital Economy has been cooperating with e-commerce platforms to remove barriers to the transportation of essential goods during […]


Steel producers record big profits on high prices

Inside a steel production line of Hoà Phát Group. Photo hoaphat.com.vn By Ly Ly Cao HÀ NỘI — Steel producers continued to post great results in the second quarter of this year, supported by high steel prices.  In a statement to the State Securities Commission of Việt Nam (SSC), Hoà Phát Group (HPG) said that its […]


Việt Nam is in the Top 10 emerging markets for global data centres

A data centre of FPT.— Photo fpt.vn HÀ NỘI — Việt Nam is rated one of 10 emerging markets in the global data centre market, with impressive growth, international standard service delivery capacity, and a large number of organizations and enterprises, research firm ResearchAndMarkets has said. The Vietnamese data centre market stood at US$858 million […]


Banks to tighten credit in risky sectors in remaining months of this year

  Banks are anticipating increasing risk in lending for securities, real estate, financial and tourism businesses in the remaining months of this year. — Photo cafef.vn HÀ NỘI — Banks will continue to tighten lending in risky sectors including securities, real estate, financial, and tourism business, seeing higher credit risks in the remaining months of this year, […]