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Upbeat investors drive market up for 3rd day

  A Hòa Phát Group’s steel factory in Hải Dương Province. The steel maker’s shares jumped 4.8 per cent on Wednesday. — VNA/VNS Photo Danh Lam HÀ NỘI — Vietnamese shares extended gains for a third day in a row on upbeat market sentiment amid the increasing number of virus infection cases. The benchmark VN-Index on […]


Container handling charge increases proposed to attract investment in seaports

  Containers loaded at Cát Lái Port,, HCM City. Container loading and unloading services charges should be increased approaching the regional level so that investors would not feel hesitant when pouring money in developing seaports. — VNA/VNS Photo Danh Lam HÀ NỘI — Container loading and unloading service charges should be increased to approach the regional level so […]



ASEAN+3 senior finance officials review financial co-operation initiatives

  Senior finance officials of ASEAN+3 countries on Wednesday reviewed the progress in the implementation of future initiatives under the strategic directions of the ASEAN+3 Financial Cooperation Process. — VNA/VNS Photo Phạm Hậu HÀ NỘI — Senior finance officials of ASEAN+3 countries on Wednesday reviewed progress in the implementation of new initiatives under the strategic […]


CVS eKYC start-up receives US$500,000 investment

  Computer Vision Vietnam received an investment of US$500,000 from NextTech Group and Next100.tech fund to promote digital transformation in the finance and banking sector. — Photo courtesy of the group HÀ NỘI — NextTech Group and Next100.tech fund on Tuesday officially announced their investment of US$500,000 into Computer Vision Vietnam (CVS eKYC) – a start-up providing […]


Việt Nam Motor Show cancelled due to COVID-19

The Việt Nam Motor Show 2019. — Photo bnews.vn HÀ NỘI — The Việt Nam Motor Show 2020, which was set to be held from October 28 to November 1 this year, has been cancelled due to the complex developments of the COVID-19 pandemic. The event was expected to attract 180,000 to 200,000 visitors, following […]


Tra fish companies see profits slump in pandemic

  Workers at the Vĩnh Hoàn Joint Stock Company process tra fish for export. VASEP said tra fish was among Việt Nam’s most affected seafood products amid the pandemic with export turnover dropping by over 31 per cent in the first half.— VNA/VNS Photo Vũ Sinh HÀ NỘI — Multiple tra fish companies suffered losses due to […]


IFC provides US$100 million credit loan to support VPBank’s customers amid COVID-19

  VPBank has  launched customer support policies right from the beginning of the COVID-19 outbreak in Việt Nam. — Photo courtesy of the bank HÀ NỘI — VPBank and the International Finance Corporation (IFC), a member of World Bank, has signed a credit contract worth US$100 million to support customers, especially small-and-medium sized enterprises (SMEs) facing […]


Gold prices soar

  Some customers are seen at Bảo Tín Minh Châu Gold Firm in Hà Nội. The prices of the yellow metal reach their new highest on August 5. — VNA/VNS Photo Trần Việt  HÀ NỘI — Gold prices soared to highs on Wednesday morning, exceeding US$2,000 per ounce on the global market and nearing VNĐ59 million […]


Hòa Phát steel sales surge in July

  A Hòa Phát steel plant. — Photo courtesy of the company HÀ NỘI — Leading steel manufacturer Hòa Phát Group sold 300,000 tonnes of construction steel in July, up 19 per cent from June and 27.5 per cent year-on-year. According to the firm, last month it exported 53,500 tonnes of steel, double the volume in […]


Banks are racing to catch digitisation trend: expert

  Banks racing to digitise is an inevitable trend, experts said. VNA/VNS Photo HCM CITY – Việt Nam has seen a digital wave in the finance-banking industry, with many lenders investing significantly in digitisation, experts have said. The COVID-19 pandemic might have had a severe effect on the economy, but it has helped accelerate banks’ […]


Viettel Global posts US$50.7 million before-tax profit

  Mytel – a telecom brand of Viettel Group in Myanmar. — Photo courtesy of Viettel Group HÀ NỘI — Viettel Global, a foreign investment unit of telecoms giant Viettel, posted a before-tax profit of VNĐ1.17 trillion (US$50.7 million) in the first half of this year, equivalent to the same period last year. Viettel’s Global revenue rose […]


New power pricing mechanism to be applied next year

  Staff of Việt Nam Electricity check meters. — VNA/VNS Photo Ngọc Hà HÀ NỘI — The common retail power price is expected to be applied at the beginning of next year together with the current tiered pricing mechanism, said Deputy Minister of Industry and Trade Đỗ Thắng Hải. Hải told the regular Government meeting on Monday […]


Over $2.5 billion in G-bonds sold in July

  Twenty-one Government bond auctions were held on the Hà Nội Stock Exchange (HNX) in July. — VNA/VNS Photo HÀ NỘI — Through 21 Government bond auctions on the Hà Nội Stock Exchange (HNX) in July, the State Treasury raised more than VNĐ58.67 trillion (US$2.5 billion), up 80 per cent against June. Some 78.7 per cent of the […]


Experts call on Government to aid businesses again

  The Government is asked to pump more money to help the aviation industry in the new outbreak of COVID-19. — VNA/VNS Photo Huy Hùng HÀ NỘI — Amid the new COVID-19 outbreak, experts have suggested the Government offer another credit support package to help enterprises, especially large businesses in key areas. As the new wave […]


Businesses promise there will be no shortage of essential goods as COVID-19 returns

  Retailers in Việt Nam are increasing their stocks of essential goods to ensure they can meet the rising demand during the fresh COVID-19 outbreak. – VNA Photo HCM CITY – Producers and distributors of essential goods are striving to ensure sufficient supply amid the return of COVID-19. The HCM City Department of Industry and […]


ACB get nod to raise charter capital

  A securities guard checks the body temperature of people entering Asia Commercial Bank through the border gate. ACB plans to issue 498.8 million shares to pay a dividend, equivalent to the total value of VNĐ4.98 trillion. — Photo the courtesy of the bank HÀ NỘI — The State Bank of Việt Nam has approved Asia Commercial Bank (ACB)’s […]



VN stocks extend rally as large-caps advance

  Inside a lab at DHG Pharmaceutical JSC (HoSE: DHG). The drug maker’s shares soared 5.8 per cent on Tuesday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares extended gains on Tuesday, led by insurance and pharmaceuticals amid the rise of coronavirus infections across the country. The benchmark VN-Index on the Hồ Chí Minh Stock […]


Timo joins hands with Viet Capital Bank as new banking partner

  Timo, the first digital banking platform in Việt Nam, decides to join forces with a new banking partner, Viet Capital Bank. — Photo courtesy of Timo  HCM CITY — After five years of establishment and development, Timo, the first digital banking platform in Việt Nam, has decided to join forces with a new banking partner […]