The interest rate of compulsory reserves in the Vietnamese đồng at banks will be 0.5 per cent per annum HÀ NỘI — The State Bank of Việt Nam (SBV) on Thursday announced its decision to cut the interest rate it pays on commercial banks’ reserves by 0.2-0.5 percentage points as part of its efforts […]

  The consumer confidence index in the Asia Pacific in the second quarter of this year. — Photo Nielsen Vietnam HCM CITY — Việt Nam topped the world in terms of having the most avid savers with 72 per cent, followed by Hong Kong (68 per cent) and Singapore (65 per cent), according to the Conference Board […]

  The Việt Nam Posts and Telecommunications Group (VNPT) will auction a total of 514,000 shares it currently holds in three companies. — Photo the courtesy of VNPT HÀ NỘI — The Việt Nam Posts and Telecommunications Group (VNPT) will auction a total of 514,000 shares it currently holds in three companies. The firms are Baclieu […]

  Representatives of OCB and IFC at the signing ceremony in HCM City. — VNS Photo HCM CITY — Orient Commercial Joint Stock Bank (OCB) has received a US$40 million loan from the IFC, a member of the World Bank, to support small and medium-sized enterprises affected by the COVID-19 pandemic. The money is expected to help the bank […]

  Prime Minister Nguyễn Xuân Phúc (middle) poses for a photo with delegates. — VNA/VNS Photo Thống Nhất HÀ NỘI — Vietnamese enterprises have been urged to renovate their business strategies if they want to benefit from the EU-Việt Nam Free Trade Agreement (EVFTA), especially after the country opens the market for goods, services and investment to EU […]

  Processed cashew at LAFOOCO’s plant in Long An. — Photo courtesy of the PAN Group HCM CITY — Despite the difficulties posed by the COVID-19 pandemic, Việt Nam’s cashew exports in the first half of the year increased by 16 per cent in volume year-on-year and 1 per cent in value to 232,000 tonnes […]

  Transactions at a Viettel store. Viettel tops the list with a brand value of over $2.9 billion. — Photo courtesy of the group HCM CITY — The top 10 most valuable brands in Việt Nam 2020 are worth US$8.1 billion, increasing by 17 per cent from last year and accounting for 30 per cent […]

  A Vinmart in Hà Nội. The total revenue of retail sales in the first seven months of this year reached VNĐ2.2 quadrillion, up by 3.6 per cent year on year. — Photo kinhtedothi.vn HÀ NỘI — Việt Nam’s revenue of retail sales and services in July was estimated at VNĐ431.9 trillion (US$18.6 billion), up 3.3 per cent over the […]

  Customers buy gold at Bảo Tín Minh Châu stores in Hà Nôi. The prices rose sharply in the market on August 6. — VNA/VNS Photo Trần Việt  HÀ NỘI — Prices of the yellow metal soared to a new record, reaching VNĐ62 million (US$2,681) per tael, or 1.2 ounces, in Việt Nam on Thursday after the State […]

  Cà Mau has a large fishing fleet with an average output of over 200,000 tonnes a year. The province has worked out plans to develop a robust marine economic sector through 2030. — VNA/VNS Photo Thế Anh  CÀ MAU — The southernmost province of Cà Mau has mapped out plans to develop a robust […]

  In 2020, KDH aims to earn VNĐ3.5 trillion in revenue and post-tax profit of VNĐ1.1 trillion. — Photo khangdien.com.vn HÀ NỘI — Khang Điền House Trading and Investment JSC (KDH) plans to pay a 2019 dividend in cash and stock from September 3. The company will pay the dividend in cash at the rate of 5 […]

  A site run by construction firm FECON Corporation. FECON recorded after-tax profit of VNĐ15.6 billion in Q2, down nearly 81 per cent. — Photo baodautu.vn HÀ NỘI — Construction firm FECON Corporation (FCN) announced second-quarter revenue of nearly VNĐ762 billion, up 26.5 per cent year-on-year. Gross profit margin increased from 10.2 per cent to 14 per cent thanks […]

  Lark Mail targets bringing a new email experience to Vietnamese enterprises. — VNS Photo   HCM CITY — Technology company, Lark Technologies Pte Ltd, has recently launched a new product, Lark Mail, that is expected to redefine the email experience for enterprises in Việt Nam. Lark Mail is seamlessly integrated with Lark’s suite of collaboration tools including messenger, video calling, docs and sheets, cloud storage, and calendar, the company […]

Deputy Director of the Việt Nam Customs, Lưu Mạnh Tưởng, at the meeting. — Photo baochinhphu.vn HÀ NỘI — A delegation led by Deputy Director of the Việt Nam Customs Lưu Mạnh Tưởng had a dialogue with enterprises, business associations and agencies to determine the HS code application for rubberwood panels on Wednesday. Concluding the meeting, Tưởng said the customs office […]

  VPBank’s total contribution to society to combat the pandemic has reached VNĐ25 billion. — Photo courtesy of VPBank HÀ NỘI — VPBank on Wednesday pledged to donate VNĐ10 billion (US$430,780) to Đà Nẵng City and Quảng Nam Province for the fight against the COVID-19 pandemic. VPBank said it was deeply impressed with the resilience and determination […]

  Transactions at a Viettel store. Viettel tops the list with a brand value of over $2.9 billion. — Photo courtesy of the group HCM CITY — The top 10 most valuable brands in Việt Nam 2020 are worth US$8.1 billion, increasing by 17 per cent from last year and accounting for 30 per cent […]

  Customers buy gold at Bảo TÍn Minh Châu Firm in Hà Nôi. The prices rose sharply in the market on August 6. — VNA/VNS Photo Trần Việt  HÀ NỘI — Prices of the yellow metal soared a new record reaching VNĐ62million(US$2,681) per tatel or 1.2 ounce in Việt Nam on Thursday after the State Bank of […]

  Mazda model assembled at Trường Hải Auto Corporation in Chu Lai Open Economic Zone in Quảng Nam Province. Automakers were eyeing to assemble their best-seller models in Việt Nam to capture the opportunities from the Government’s policy of zero import tariff on components. — VNA/VNS Photo HÀ NỘI — Several automakers are considering assembling their best-selling models […]

  Võ Hữu Hiển Prime Minister Nguyễn Xuân Phúc has planned to increase budget spending and public debt to support enterprises, avoiding interruption and losses of production capacity in key sectors. Võ Hữu Hiển, deputy general director of the Ministry of Finance’s Department of Debt Management and External Finance, talks with Vietnam News Agency about […]

  The Việt Nam Posts and Telecommunications Group (VNPT) will auction a total of 514,000 shares it currently holds in three companies. — Photo the courtesy of VNPT HÀ NỘI — The Việt Nam Posts and Telecommunications Group (VNPT) will auction a total of 514,000 shares it currently holds in three companies. The firms are Baclieu […]