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PVN gains $12.2 billion in January-June period

  A corner of Sông Hậu No 1 Thermal Power Plant in the southern province of Hậu Giang. — Photos courtesy of PVN Group HÀ NỘI — The Việt Nam Oil and Gas Group (PVN) recorded revenue of more than VNĐ283 trillion (US$12.2 billion) in the first half of this year, contributing VNĐ32 trillion to the State budget. According to General […]


Face mask prices on the rise

  A mask production line at Vinatex. — Photo courtesy of vinatex HÀ NỘI — The price of medical masks is on the rise after two new COVID-19 cases were confirmed on Sunday evening, bringing the total number of community infections linked to Đà Nẵng and Quảng Ngãi to four in the past three days. The mask market […]


Law should be changed to better protect online consumers

  Việt Nam Consumer Protection Association holds a workshop discussing the law protecting consumers in Hà Nội on July 23. — Photo Minh Huong   HÀ NỘI — While more and more Vietnamese people are turning to e-commerce, the current consumer protection law does not properly cover online shoppers. Attending a workshop discussing the laws held by Việt Nam Consumer Protection […]


PepsiCo Vietnam aids local hospitals in COVID-19 fight

  Medical equipment donated to Chợ Rẫy Hospital in the framework of the project sponsored by PepsiCo Vietnam. Photo courtesy of the project HÀ NỘI – Medical equipment worth VNĐ4.7 billion (US$205,000) has been donated to six hospitals and health facilities in five provinces and cities to support doctors in the COVID-19 fight and long-term treatment competency. […]


Bến Tre to solicit investment in hi-tech agriculture

  Coconut processing is one of the key economic activities in Bến Tre Province in the Cửu Long (Mekong) Delta. VNA/VNS Photo  HCM CITY – The Cửu Long (Mekong) Delta province of Bến Tre will offer incentives to attract investments in hi-tech agriculture and in projects with high value-addition, according to its People’s Committee. Nguyễn […]


PVS sees revenue up 13% in Q2

  In the first six months, PVS reported revenue of VNĐ8.7 trillion, down by 2.3 per cent against last year. —Photo petrovietnam.petrotimes.vn HÀ NỘI — PetroVietnam Technical Services Corporation (PVS) announced revenue of VNĐ5.47 trillion in the second quarter of this year, up 13.4 per cent year-on-year. Revenue from financial activities decreased by 23 per cent […]


Pandemic forces firms to restructure

  Automation at HCM City’s High Tech Park Training Centre. Digital transformation is important to enterprises to boost post-pandemic recovery. — VNA/VNS Photo An Hiếu  HÀ NỘI — The heavy impacts of the COVID-19 pandemic on the domestic and global economies were requiring firms to reshape their production and business strategies as well as their […]


Steel maker Hòa Phát Group records 30-year highest quarterly profit

  A Hòa Phát facility in Hải Dương Province. In the first half of this year, the group provided 1.51 million tonnes of construction steel and high-quality rolled steel to the domestic and foreign markets. — VNA/VNS Photo Danh Lam  HÀ NỘI — Hòa Phát Group (HPG), the largest steel maker in the country, reported […]


Increase in M &A deals looks imminent in property sector

A Savills Việt Nam report on the real estate market in the first quarter said investors with deep pockets are ready to participate in M & A deals.— Photo batdongsan.com.vn  Compiled by Thiên Lý Many analysts think now is a good time for investors looking for acquisitions in the property industry to act since difficulties […]


Cà Mau aims to become energy centre of Mekong Delta region by 2030

  Gành Hào sea gate. Cà Mau Province wants to become the energy centre of the Mekong Delta by 2030. — VNA/VNS Photo Huỳnh Thế Anh CÀ MAU — The Cửu Long (Mekong) Delta province of Cà Mau targets becoming the energy centre of the delta region by 2030. The province seeks to raise total electricity generation capacity of local power […]


E-wallet providers ask to extend deadline of verification

  ViMo e-wallet announced the identity verification on its website. — Photo vimo.vn HÀ NỘI — E-wallet service providers want to extend the deadline for users to complete identity verification. Article 9 of Circular 23/2019/TT-NHNN regulates that e-wallet users must provide accurate personal information to service providers before July 7. E-wallet users must authenticate the information by uploading a […]


Organisations rush to sell Sacombank shares to retrieve debts

  A man withdraws cash at an ATM booth of Sacombank. Sacombank’s pre-tax profit reached VNĐ440 billion in Q2 this year, up 10.13 per cent over the same period last year. — Photo the courtesy of Sacombank HÀ NỘI — Some organisations have rushed to sell shares of Sài Gòn Thương Tín Commercial Joint Stock Bank […]


VN stocks under pressure as virus cases weigh on market sentiment

  An FPT Shop store. The retail sector is forecast to record modest gains in total revenue this year. — Photo vnreview.vn HÀ NỘI — Vietnamese shares are on the edge of declining this week as worries about the second wave of coronavirus spread increased after new cases were reported over the weekend. The benchmark VN-Index on […]


550 OCOP products introduced in capital city

  A booth of Sơn La Province at the fair. — Photo phapluatxahoi.vn HÀ NỘI  — A fair introducing products meeting standards of the “One Commune – One Product” (OCOP) programme kicked off in Hà Nội’s Tây Hồ District late last week, displaying 550 OCOP products and more than 2,000 other goods and specialties of 27 provinces and cities nationwide across 150 […]


Việt Nam imposes tariffs on foreign plastic film

MoIT sets official anti-dumping tariff on some BOPP film products  from China, Thailand and Malaysia.  — Photo thoibaotaichinh.vn HÀ NỘI — The ministry of Industry and Trade (MoIT) has applied anti-dumping measures on some products with biaxially oriented polypropylene (BOPP) film originating from China, Thailand and Malaysia.  From July 23, several products with BOPP film from […]


Sacombank signs deal with Việt Nam Young Entrepreneurs Association

  Sacombank and the Việt Nam Young Entrepreneurs Association sign a co-operation agreement to improve support to members of the association. — Photo courtesy of Sacombank HCM CITY — Sacombank and the Việt Nam Young Entrepreneurs Association on July 24 signed a Memorandum of Understanding to increase opportunities to exploit the strengths of both sides, thereby better meeting demand for […]


JCB, Shopee unveil Southeast Asia collaboration

  Shopee ties up with JCB to enhance payment options. — Photo Courtesy Shopee Vietnam HCM CITY — E-Commerce platform Shopee on Thursday announced a tie-up with JCB International Company Ltd (JCBI) that will offer online merchants and shoppers enhanced payment options.  The partnership is launched in Indonesia, Thailand and Việt Nam and will be followed by Singapore […]


Đức Giang chairman regrets listing on Ha Noi exchange

  Workers of Đức Giang Chemical Group JSC (DGC) pack products in the Hà Nội-based factory. The company specialises in washing powder production and is wel-known for its Đức Giang-branded washing powder. — Photo the courtesy of Đức Giang HÀ NỘI — Moving its listing from the Hà Nội Stock Exchange (HNX) to the Hồ Chí […]


PNJ’s profit and revenue plummet in Q2

  Customers buy jewelry at a store of PNJ. Due to the COVID-19 outbreak, the company had to temporarily close 85 per cent of its stores in April. — Photo ndh.vn HÀ NỘI — Phú Nhuận Jewelry JSC (PNJ) recorded revenue and post-tax profit of VNĐ2.7 trillion (US$116.8 million) and VNĐ31.7 billion in the second […]


More than $396 million raised from G-bond auction

  The State Treasury has raised close to VNĐ145.6 trillion ($6.27 billion) from G-bonds so far this year. — Photo tapchitaichinh.vn HÀ NỘI — The State Treasury raised more than VNĐ9.2 trillion (US$396.1 million) through a Government bond auction on the Hà Nội Stock Exchange (HNX) on July 23. A total of VNĐ11.5 trillion worth of bonds was up for […]