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Việt Nam gains $6.5b trade surplus in 7 months

  Customs clearance of import goods at the Kim Thành border gate in Lào Cai Province. In the first seven months, the national import value was estimated at $139.33 billion. — Photo haiquanonline.vn HÀ NỘI — Việt Nam achieved a trade surplus of US$6.5 billion in the first seven months of this year, including $1 billion in July, […]


200 firms take part in Vietnamese goods trade fair

  A booth at the Tôn vinh hàng Việt  (Honour Vietnamese goods) fair being held at the Tân Bình District Sports and Culture Centre in HCM City. — VNA/VNS Photo HCM CITY — Around 200 Vietnamese companies are showcasing their products at the Tôn vinh hàng Việt (Honouring Vietnamese goods) fair in HCM City from July […]


Booming gold market risky for individual investors: experts

  Gold items displayed for sale at a DOJI store. — Photo courtesy of DOJI HÀ NỘI — The recent surge of gold prices may cause risks for individual buyers, experts and analysts have warned. At sensitive times, gold firms expand the difference between selling and buying prices to ensure buyers share risks with the shops, […]


Shares rebound as banks and energy gain, all eyes on virus measures

  Bank tellers of Vietinbank (CTG) serve customers. Shares of Vietinbank (CTG) rose 2.4 per cent on Thursday. — Photo courtesy of Vietinbank   HÀ NỘI — A rise in beaten down banking and energy stocks helped Vietnamese shares rebound on Thursday as investors pinned hopes on the Government’s drastic measures to tackle the COVID-19 outbreak. The […]


Experts’ consensus: Việt Nam has favourable factors for neobanks to develop

Digital banks and neobanks are becoming two familiar terms in Việt Nam’s banking lexicon. The two will be widely developed around the whole world and in Việt Nam. Việt Nam News reporter Thu Ngân speaks to experts about the development of digital banks and neobanks in the country. Do you think Việt Nam has appropriate infrastructure for neobanks […]


Thai Vietjet launches Bangkok-Khon Kaen service

  The Bangkok-Khon Kaen route marks the airline’s seventh route from its Suvarnabhumi hub and is operated with two flights daily. — Photo courtesy of Vietjet BANGKOK — Thai Vietjet, a joint venture between Vietjet and Thai airline Kan Air, inaugurated its maiden flight from Thailand’s capital airport of Suvarnabhumi to Khon Kaen, the country’s commercial and political centre in […]


Squid, octopus exports bounce back in June

  In the first half of 2020, squid and octopus exports approximated US$240 million, down 16.9 per cent year on year. — Photo vasep.com.vn  HÀ NỘI — Việt Nam’s squid and octopus exports grew 6.5 per cent to bring back over US$48 million in June after a continuous decline in the three previous months. Shipments of […]


First online platform for exhibitions to be launched in VN

  Nguyễn Chánh Phương, HAWA’s deputy chairman, introduces HOPE, the first online platform for exhibitions in the country, at a press conference in HCM City on Wednesday. — Photo courtesy of HAWA HCM CITY — The HAWA Online Platform for Exhibition (HOPE), which will connect Vietnamese wood processing and furniture firms with international and local buyers, will […]


Investment opportunities in south-central region, Central Highlands promoted in Singapore

An online trade conference is held by Việt Nam Trade Office in Singapore, three provinces’ departments of industry and trade, and the Singapore Chinese Chamber of Commerce and Industry. — Photo congthuong.vn SINGAPORE/HÀ NỘI — An online trade conference took place on Thursday to offer Singaporean investors insights into investment opportunities in the Central Highlands […]


Vietinbank posted US$319.6 million before-tax profit

  Transactions at Vietinbank. — Photo courtesy of Vietinbank HÀ NỘI — Vietinbank, listed as CTG, posted pre-tax profit of more than VNĐ7.4 trillion (US$319.6 million) in the first half of the year, representing a 40 per cent year-on-year increase. Vietinbank has announced its financial report, saying that in the context of weak growth in net interest income […]


TATA seeks agricultural business opportunities in Cần Thơ

TATA’s country director Gajanan Hujare at the meeting. — VNA/VNS Photo CẦN THƠ — India’s TATA Group had a working session with the People’s Committee of Cần Thơ on business opportunities in agriculture in the Mekong Delta city. TATA’s country director Gajanan Hujare said the group hoped for more support from the province to better […]


Techcombank achieved US$288.4 million before-tax profit in H1

  Transactions at Techcombank. The bank extended to 19 consecutive quarters of year-on-year revenue growth, despite continuing challenges due to COVID-19. — Photo Techcombank HÀ NỘI — Việt Nam Technological and Commercial Joint-Stock Bank (Techcombank) recorded before-tax profit of VNĐ6.7 trillion (US$288.4 million) in the first half of this year, representing 19 per cent year-on-year increase and […]


PetroVietnam explores oil and gas reserves

  The Kèn Bầu-2X drill in the Red River Basin. — Photo pvn.vn HÀ NỘI — The Vietnam Oil and Gas Group (PetroVietnam) has announced that its exploration of the Kèn Bầu-2X well, located in the Red River basin offshore of Việt Nam’s northern continental shelf, helped the firm increase oil and gas reserves in 2020 ahead […]


Consumer price index up 0.4 per cent in July

  A customer at a Lotte Mart in Hà Nội. The national consumer price index (CPI) in July grew by 0.4 per cent against June. — VNS Photo Mai Hương HÀ NỘI — The national consumer price index (CPI) in July grew by 0.4 per cent against June and 3.39 per cent year-on-year, the General Statistics Office (GSO) […]


EVFTA to open “new wave of trade and investment” for Việt Nam

  EuroCham’s 12th Whitebook provides a concise overview of the issues affecting European businesses in Việt Nam. — Photo courtesy of EuroCham Việt Nam HCM CITY — The EU-Việt Nam Free Trade Agreement (EVFTA) is expected to kickstart a “new wave of trade and investment” if Việt Nam continues to strengthen the business environment and completes the legal framework for trade and […]


Shares slip on second wave virus fears

  Gas tanks stored at PetroVietnam Gas South, a member of PetroVietnam Gas Corporation (GAS). The company’s shares lost 6.3 per cent on Wednesday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares slumped on Wednesday on worries that a second wave of coronavirus infections is on the way. Việt Nam confirmed twelve more cases of COVID-19 on […]


Individual investors key to stronger market development

  Participants at the event discuss the past and future of the securities market on Tuesday. — VNS Photo Hoàng Sơn HÀ NỘI — After 20 years of development, information transparency is still the key to protection of individual investors and stronger development of the securities market, SSI Securities Corp Chairman Nguyễn Duy Hưng said on […]


Sông Hậu 1 Thermal Power Plant to begin commercial operation in 2021

  A view of the Sông Hậu 1 Thermal Power Plant Project. This plant is expected to come into commercial operation next year. — Photo courtesy of PVN HẬU GIANG — The Việt Nam Oil and Gas Group (PVN) on July 28 activated the first machine unit and a 500KV distribution facility of the Sông Hậu 1 […]


Samsung and Hải Dương Province launch enterprise improvement consultancy project

  Samsung Vietnam and the Ministry of Industry and Trade (MoIT) on Tuesday officially kicked off the Enterprise Improvement Consultancy Project in the northern province of Hải Dương. — Photo courtesy of Samsung Vietnam HẢI DƯƠNG — Samsung Vietnam and the Ministry of Industry and Trade (MoIT) on Tuesday officially kicked off the Enterprise Improvement […]


Firms to re-enter COVID-19 prevention mode

  Workers of Power Transmission Company wear masks at work. Many firms are re-implementing pandemic prevention measures starting early this week. — VNA/VNS Photo Ngọc Hà HÀ NỘI — As soon as the first cases of SARS-CoV-2 were confirmed in Đà Nẵng and Quảng Ngãi, many firms have re-implemented pandemic prevention measures starting early this week. Big […]