Latest News in Vietnam

News



Textile and apparel firms lack orders for the last two quarters

Garment products for export at Đức Giang Corp, an affiliate of Việt Nam Textile and Garment Group. — VNA/VNS Photo Cẩm Bình HÀ NỘI — The Ministry of Industry and Trade said that textile production increased by 1.8 per cent, while clothing production decreased by 4.6 per cent in the first seven months of this year […]


Johnson & Johnson COVID-19 vaccine candidate demonstrates protection in pre-clinical studies

  Johnson & Johnson’s vaccine candidate protected against infection by SARS-CoV-2, the virus that causes COVID-19, in pre-clinical studies. Photo courtesy of the company HCM CITY— Johnson & Johnson on July 30 announced that its lead vaccine candidate protected against infection by SARS-CoV-2, the virus that causes COVID-19, in pre-clinical studies. The data, published in Nature, show the company’s […]


Corporate income tax reduction comes into effect

  The tax cut is a major effort to help companies overcome the negative impacts of the COVID-19 pandemic. — baobinhduong.vn HÀ NỘI — Resolution 116/2020/QH14 granting a reduction of 30 per cent on corporate income tax (CIT) for eligible enterprises officially came into effect on Monday. The policy is a major effort to help companies […]


‘One-trillion-đồng profit club’ led by Vinhomes JSC

  The Vinhomes Ocean Park, a project developed by real estate firm Vinhomes JSC. — Photo vinhomes.vn HÀ NỘI — Twenty-five companies have entered the “one-trillion-đồng profit club” for January-June, despite the economy being ravaged by the COVID-19 pandemic. Leading the chart is residential real estate firm Vinhomes JSC – a member of conglomerate Vingroup JSC. Vinhomes in the […]


ETFs attracts capital despite COVID-19 resurgence

  The largest domestic ETF in the market, VFMVN30 ETF, attracted capital of $2.8 million in the second half of July. — Photo viettimes.vn HÀ NỘI — Despite the COVID-19 resurgence, exchange-traded funds (ETFs) still attracted hundreds of billions of đồng in the second half of July. The Việt Nam’s stock market has faced a […]


Wooden plank exporters struggle with higher tax rates

Wooden plank products. — Photo baophapluat.vn HÀ NỘI — The Việt Nam Timber and Forest Product Association (Viforest) has sent an urgent petition to the Ministry of Finance and the Ministry of Agriculture and Rural Development and Ministry of Industry and Trade about congestion of wooden planks set for export at ports. The congestion has been […]


More than 50 years of remarkable transition of ASEAN

      Võ Trí Thành* On August 8, the Association of Southeast Asian Nations (ASEAN) will celebrate the 53rd anniversary of its establishment. Along this remarkable growth journey, ASEAN has undergone significant transitions. The bloc turned from a region of conflicts and diversity, which characterised the region until the 1980s, to a region “inspired by […]


VN shares advance on hopes for virus block

  Vinamilk products loaded for sale. Share price of the largest milk producer by market value rose 2.1 per cent. — VNA/VNS Photo Thanh Tùng HÀ NỘI — Vietnamese shares posted the second biggest gain in the last month following the Government’s intention to block the spread of coronavirus across the country. The benchmark VN-Index on the […]


Industrial production expands at the lowest rate in many years

  Industrial production in January-July expanded at 2.6 per cent, the lowest rate since 2016. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Industrial production struggled in July, expanding at just 3.6 per cent over June and 1.1 per cent over the same period last year, the lowest rate since 2013, latest updates of the General Statistics Office (GSO) […]


Vietnam Airlines, ACV suffer heavy losses due to COVID-19

Hà Nội ensures supply of essential goods Religious organisations cancel gatherings due to COVID-19 outbreak Strict measures to limit COVID-19 spread in central region’s hot spots Việt Nam has 13 COVID-19 patients in critical condition F&B businesses prepare for possible second round of social distancing   A Vietnam Airlines flight. The corporation suffered quarterly losses […]


F&B businesses prepare for possible second round of social distancing

Religious organisations cancel gatherings due to COVID-19 outbreak Strict measures to limit COVID-19 spread in central region’s hot spots Việt Nam has 13 COVID-19 patients in critical condition Movies, fashion shows cancelled due to COVID-19 resurgence Third death in a day related to COVID-19   Owner of Tường An Coffee earns from selling rice online. — VNS […]


Hà Nội ensures supply of essential goods

Buyers shop at a Co.opmart supermarket. — VNS Photo Xuân Hương HÀ NỘI — Deputy Minister of Industry and Trade Đỗ Thắng Hải worked with some supermarket systems in Hà Nội on ensuring the supply of essential goods and preventing the COVID-19 pandemic on Sunday. At the meeting, representatives of Co.opmart and Big C supermarkets […]


Textile and electronics hardest hit in pandemic: official

  Sài Đồng Garment Company workers produce shirts for export to the US, the EU and Japan. Amid the COVID-19 crisis, most companies have to lay off a large number of employees to cope with the pandemic. Only some large-scale companies can maintain their workforce. — VNA/VNS Photo Trần Việt HÀ NỘI — Textile and electronics […]


Pacific Airlines launches flight attendant uniform and new brand identity

  From July 31, all flight attendants of Pacific Airlines have appeared in a new uniform designed in a youthful and modern style but still retains the elegance of Asian culture. — Photo Vietnam Airlines HÀ NỘI — Budget airline  Pacific Airlines, a member of Vietnam Airlines Corporation formerly known as Jetstar Pacific Airlines, launched its new […]


Infrastructure system, administrative reforms important to attract FDI

  Hà Nội should focus on improving the infrastructure system coupled with hastening administrative reforms to attract investment flow. — Photo cafef.vn HÀ NỘI — Hà Nội should focus on improving its infrastructure system while hastening administrative reforms to attract investors eyeing Việt Nam amid the global production shift, experts have said. According to Deputy Head […]


PM asks for COVID-19 prevention and economic recovery

  Prime Minister Nguyễn Xuân Phúc chairs the meeting in Hà Nội on Sunday. — VNA/VNS Photo  HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has urged ministries and agencies to continue taking measures to control the COVID-19 pandemic while preventing negative economic developments. At a meeting on statistics and socio-economic development held in Hà […]


Ministry of Construction eyes building low-cost housing

  Low-cost commercial apartment projects are expected to provide many preferential policies on land use fees, taxes and construction investment procedures. — Photo reatimes.vn HÀ NỘI — The Ministry of Construction (MoC) is completing a draft resolution to encourage the development of low-cost commercial apartments to submit to the Government in the third quarter of this year. The […]


Việt Nam fulfills international commitments as EVFTA takes effect

  Tuna fish to be exported to the EU market. VNA/VNS Photo Xuân Trường HCM CITY — Việt Nam will continue to fulfill its international commitments so that it can take full advantage of the EU-Việt Nam Free Trade Agreement (EVFTA) and recover its economy amid a resurgence of COVID-19 pandemic. Speaking at the forum on trade cooperation with EU partners on […]


Ministry seeks to further open petroleum retail market

A Petrolimex gas station. The Ministry of Industry and Trade has called for allowing all foreign investors to further participate in the petroleum retail market. — Photo internet The Ministry of Industry and Trade has called for allowing all foreign investors to further participate in the petroleum retail market. The proposal came as part of […]


Maximum $130,700 fine for listing violations: draft decree

  Inside the head office of the Ministry of Finance in Hà Nội. — Photo thoibaotaichinh.vn HÀ NỘI — Public companies may receive a penalty of VNĐ2-3 billion (US$87,120-130,700) for falsifying share listing and trading documents under a proposal from the Ministry of Finance. The companies would have to file to trade shares at the stock exchanges […]