Latest News in Vietnam

News



Businesses struggle as another outbreak hits

  Iconic Hội An Ancient Town largely empty, far removed from its usual scene bustling with tourists during this time of year. — VNA/VNS Photo HÀ NỘI — As another wave of COVID-19 hits the nation, many businesses are already on the verge of collapse. Vũ Tiến Đức, CEO of a Hà Nội-based property rental firm, said he has seen […]


Gold prices slip in the market

  Customers buy gold at Bảo Tín Minh Châu Gold Firm in Hà Nội. The yellow metal’s prices fluctuated in the last few days. — VNA/VNS Photo Danh Lam HÀ NỘI — Local gold prices dropped sharply after the weekend. At 10am on August 10, the prices were rated down nearly VNĐ1 million ($43) from an hour before […]


Dozens of tonnes of Vietnamese longan enter Australia over past few weeks

  Longan is the fourth Vietnamese fruit to gain permission to enter Australian market after lychee, mango and dragon fruit. — VNA/VNS Photo SYDNEY — Tonnes of Vietnamese longans have been exported to Australia and distributed in the states of South Australia and Western Australia over the past few weeks. The most recent shipments saw […]


Vinamilk brand valued at $2.4 billion: Forbes Vietnam

  The map showing the number of distributors, agents, shops, warehouses and ecommerce partners of Vinamilk nationwide. — Photos Vinamilk HÀ NỘI – Việt Nam’s largest dairy producer Vinamilk is valued at VNĐ55 trillion (US$2.4 billion), accounting for more than 20 per cent of the total value of Top 50 most valuable brands of Việt Nam in […]


HCM City industrial production falls sharply

  A factory in HCM City. The city’s index of industrial production in the first seven months of the year dropped by 5.5 per cent year-on-year. — Photo vnanet.vn HCM CITY — HCM City’s index of industrial production for the first seven months of the year declined by 5.5 per cent year-on-year due to the impact […]


Many companies largely rely on joint ventures

  An automobile assembly line at Ford Vietnam Co’s factory in northern Hải Dương Province. Ford Vietnam is a joint venture between Ford Motor Group based in Michigan, US (75 per cent) and Sông Công Diesel Company (25 per cent), a subsidiary of the Việt Nam Engine and Agricultural Machinery Corporation (VEAM). — VNA/VNS Photo Trần Việt HÀ […]


Deputy PM demands faster SOE equitisation, State capital divestment

  Deputy Prime Minister Trương Hoà Bình (standing) speaks at the meeting of the steering committee for enterprise reform and development on Thursday. — VNA/VNS Photo  HÀ NỘI — Deputy Prime Minister Trương Hoà Bình on Thursday requested utmost efforts from ministries, sectors, and State-owned enterprises (SOEs) to achieve the best results possible in equitising SOEs and […]


Bad debts tend to rise despite slow credit expansion

  Customers at a Vietcombank branch.Total NPLs of Vietcombank increased 11 per cent in the last six months, pushing the bad debt ratio up to 0.83 per cent from 0.79 per cent. — VNS Photo Mai Hương HÀ NỘI — Non-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses […]


Vietnamese peppercorn containers stuck in Nepal eligible to return home

  Pepper being harvested in the central province of Quảng Trị. — VNA/VNS Photo Hồ Cầu HÀ NỘI — Nepal customs authorities have issued a ‘No Objection Certificate’ (NOC) allowing Vietnamese exporters’ peppercorn containers that have been stuck in the country for several months to be shipped back home, according to the Asia-Africa Market Department under the Ministry of […]


Policies needed to promote mechanical engineering in agriculture

  Supports in land, tax and credit policies are needed to promote the development of the mechanical engineering in agriculture. — Photo congthuong.vn HÀ NỘI — Việt Nam needs policies to promote mechanical engineering in agriculture to increase added value and quality for the farming sector, experts have said. According to the Ministry of Industry and Trade, agricultural mechanisation still […]


First-ever ASEAN Online Sale Day kicks off

   AOSD will be held annually on August 8. — Photo VNA JAKARTA — The first-ever ASEAN Online Sale Day (AOSD) was launched on Saturday at aseanonlinesaleday.com, gathering some 150 regional firms who offer goods and services at promotional prices. Initiated by Việt Nam as Chair of ASEAN in 2020, the event marks the founding anniversary of the […]


Database sharing important to developing e-government

Customers read instructions for administrative procedures. All operations of State management will be digitalised to lead the national digitalisation process. — baophapluat.vn HÀ NỘI — Database sharing between management agencies at both central and local levels is key to the process of developing e-government, experts have said. The Ministry of Information and Communications is compiling an e-government […]


Foreign firms to gain greater footing in petrol retail market

  A petrol station operated by the Vietnam National Petroleum Group (Petrolimex). — VNA Photo HÀ NỘI — New policies are in the making to allow foreign firms to gain greater footing in Việt Nam’s petrol retail market, according to the Ministry of Industry and Trade (MoIT). Government Decision 83/2014/NĐ-CP, for the first time, considers giving the […]


VNPT IoT Platform achieves global certification

A building of VNPT. — Photo vietnamplus.vn HÀ NỘI — The Việt Nam Posts and Telecommunications Group (VNPT) has received a oneM2M certificate, a global international certificate for technology solutions, for its VNPT IoT Platform. To achieve the certification, VNPT IoT Platform had to undergo a minimum of 282 tests under the rigorous testing category specified by […]



Pyn Elite Fund becomes CMC Group’s big shareholder

  Established in 1993, CMC operates in three main sectors including technology and solution, global business and telecommunications. — Photo cmc.com.vn HÀ NỘI — The Finland-based Pyn Elite Fund has announced it will buy 61,750 shares of CMC Group (CMG) to bring its ownership at the group to 5.08 per cent (equivalent to 5.08 million shares), according to […]


ShopBack launches officially in Việt Nam

  The Asia Pacific region’s leading rewards and discovery platform ShopBack will launch its website and mobile app in Việt Nam today (August 8). HCM CITY – The Asia Pacific region’s leading rewards and discovery platform ShopBack will launch its website and mobile app in Việt Nam today (August 8). It launched in Beta at […]


Shares struggles to advance amid international tensions

  A worker checks the quality of Cotto floor tiles at Viglacera Halong JSC in the northern province of Quảng Ninh. Shares of Viglacera Corporation JSC (VGC) hit the daily limit rise of 7 per cent on Friday. — VNA/VNS Photo Thế Duyệt HÀ NỘI — Vietnamese shares inched upwards up on Friday, driven by technology, […]


Việt Nam exports nearly 4m tonnes of rice in seven months

  Export rice bags at a port in Việt Nam. The country exported 1.4 million tonnes of rice to the Philippines in the first half of this year. — Photo vietnambiz.vn HÀ NỘI — Việt Nam exported 3.9 million tonnes of rice, earning US$1.9 billion, in the first seven months of this year, according to the Department of […]


Derivatives market sees liquidity rise in July

  In April, the transactions carried out by individual domestic investors accounted for a large proportion and stayed at the same level as the previous months, at 85.94 per cent of the total derivatives trading volume. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Transactions on the derivatives market in July increased compared to June with average trading volume […]