Latest News in Vietnam

News



Local stocks drop, industrial real estate advances on Japanese factories move

  The head office of Kinh Bắc City Development Holding Corporation (HoSE: KBC) in Bắc Ninh Province. The company shares gained 2.4 per cent on Monday. — Photo cafef.vn HÀ NỘI — Industrial real estate stocks soared on Monday but their gains were not enough to cushion the market, overclouded by a cautious market sentiment. The […]


No new airlines is allowed until 2022

  Passengers arrive at Tân Sơn Nhất Airport in HCM City. Due to the current difficulties of local aviation industry, no new airline is allowed to open until 2022 .— Photo VNS Thu Giang HÀ NỘI — No new airlines will be allowed to open in Việt Nam until 2022 at the earliest, Deputy Prime […]


FrieslandCampina begins 5-year programme to improve health, stature of children

  The Ministry of Education and Training’s department of primary education and FrieslandCampina Việt Nam sign a five-year agreement on July 9 for a programme called ‘For Vietnam to Leap Forward and Reach Higher’ at a cost of VNĐ55 billion. — Photo courtesy of the company   HCM CITY — The Ministry of Education and Training’s department of primary education on July 9 signed a five-year agreement with FrieslandCampina Việt […]


Students plant trees in southern nature reserve 

  A student from Vietnam USA Society English Centers plants a tree at the Bình Châu-Phước Bửu Nature Reserve in the southern province of Bà Rịa-Vũng Tàu Province. Photo courtesy of VUS HCM CITY— Students at Vietnam USA Society English Centers (VUS) throughout the country have planted 1,370 trees on more than 3 hectares at the Bình Châu-Phước Bửu Nature Reserve in the southern province of Bà Rịa-Vũng Tàu […]


Cargo handled at seaports maintains growth

The total volume of cargo handled at Vietnamese seaports surpassed 397.5 million tonnes in the first seven months of this year. — VNA/VNS Photo HÀ NỘI — Cargo passing through Vietnamese ports rose by 6 per cent in the first seven months of the year, despite the COVID-19 pandemic. Deputy Director General of the Việt Nam Maritime Administration Hoàng Hồng Giang […]


Vietjet brings more Vietnamese citizens home safely

  Passengers complete check-in documents before boarding on a Vietjet repatriation flight. — Photo courtesy of the airline HCM CITY — Budget carrier Vietjet has teamed up with Vietnamese agencies domestically and overseas to help citizens return home. Late last week, Vietjet operated an international flight repatriating 240 Vietnamese citizens from the Philippines. The flight departed from Ninoy Aquino International Airport […]


AIIB approves $100-million loan to VPBank

  Clients make transactions at VPBank. — Photo baotintuc.vn HÀ NỘI — The Asian Infrastructure Investment Bank (AIIB) said late last week that its board of directors had approved a US$100-million loan to the Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to help sustain business activities disrupted by the COVID-19 pandemic. Co-financed with the International Finance Corporation, the […]


Kon Tum Province eyes sustainable development of macadamia farming

  Macadamia cultivation is expected to bring significant benefits to farmers in the Central Highlands province of Kon Tum. — VNA/VNS Photo HCM CITY — As an ideal location for tropical trees that require high humidity, the Central Highlands province of Kon Tum plans to cultivate macadamia trees on 1000ha by 2025, according to the […]


VN-Index tipped to approach 900 points by the end of this year

  Consumers shop at a Vinmart store in Hưng Yên Province. The retail industry is forecasted to grow as consumer activities show signs of a rebound after the ease of social distancing measures. — VNA/VNS Photo Phạm Kiên HÀ NỘI — Brokerages have forecast that the benchmark VN-Index on the Hồ Chí Minh exchange may […]


Thừa Thiên–Huế’s economic zone looks for post-pandemic investments

  An overview of Chân Mây – Lăng Cô Economic Zone in Thừa Thiên-Huế Province. — Photo baothuathienhue.vn THỪA THIÊN – HUẾ — The Chân Mây – Lăng Cô Economic Zone in the central province of Thừa Thiên –Huế, which boasts comprehensive infrastructure and an open investment environment, is looking for new funding post-COVID-19. The zone is home to 47 projects […]


Việt Nam vows to partner with Korean firms to overcome hardships: Minister

  Minister – Chairman of the Government Office cum Chairman of the Prime Minister’s Advisory Council for Administrative Reform Mai Tiến Dũng delivers a speech at the dialogue with the Korean business community. — VNA/ VNS Photo Doãn Tấn HÀ NỘI — Việt Nam has pledged to work closely with other countries, including the Republic of Korea (RoK), to […]


Sales of household appliances soar during ‘National Sales Promotion Month’

  Home appliances on sale at a supermarket in HCM City. — Photo courtesy of Người Lao Động newspaper HCM CITY — Retailers in HCM City have reported rising purchasing power for household appliances during the “National Sales Promotion Month 2020” from July 1 to 31. In the past weeks, Chợ Lớn Household Appliance Supermarket in HCM City’s […]


SPG Invest eyes industrial park in Cần Thơ

  The front gate of Hưng Phú 2 Industrial Zone in Cần Thơ City. — Photo baocantho.com.vn CẦN THƠ — Australia-based SPG Invest wants to pour investment into an industrial park in the Mekong Delta city of Cần Thơ to help its customers set up plants in the locality. Simon Wong, Director of SPG Land Real Estate Development […]


Banks to sell collateral assets amid fears of rising bad debts

    Era Town project in District 7, HCM City. Some assets auctioned by banks have struggled to find buyers. — Photo vietnamfinance.vn HÀ NỘI — A number of banks have announced plans to auction off their collateral assets in an attempt to speed up bad debt recovery. On the website of Vietinbank Debt Management […]


Garment firm expects revenue drop this year as partner’s parent goes bankrupt

  Sông Hồng Garment JSC’s factory in Nam Định Province. — Photo songhong.vn HÀ NỘI — Risk provision may write some revenue off the record for Sông Hồng Garment JSC as the company prepares for the likely bankruptcy of its US partner’s parent firm. US-based retailer RTW Retailwinds, owner of 400 New York & Co stores in […]


Many large enterprises install rooftop solar power systems

  Nami Solar’s rooftop solar power systems at Đồng Nai Port Joint Stock Company. — Photo Nami Solar HCM CITY — Nami Solar, Nami Energy Company’s member company providing solar power solutions, installs rooftop solar power systems for factories of two large companies in HCM City and Bà Rịa-Vũng Tàu Province. According to a cooperation agreement with […]


Mộc Châu Milk to sell shares, raise capital

  The facility of Mộc Châu Milk in Sơn La Province’s Mộc Châu District. — Photo gtnfoods.com.vn HÀ NỘI — Mộc Châu Dairy Cattle Breeding Joint Stock Company (Mộc Châu Milk) plans to issue 43.2 million shares to raise charter capital by 65 per cent to VNĐ1.1 trillion (US$47.4 million). Mộc Châu Milk currently has a charter […]


Ministry proposes not to allow conversion of condotel into residential projects

  A condotel project in the central city of Đà Nẵng. — Photo vnanet.vn HÀ NỘI — The Ministry of Public Security has proposed not granting ownership certificates to allow condotels, tourist villas and officetels to be turned into residential projects. In its report submitted to the Prime Minister Nguyễn Xuân Phúc relating to shortcomings […]


Vietnam Airlines looks for assistance amid COVID-19

  A Vietnam Airlines flight lands at the Nội Bài International Airport in Hà Nội. — Photo courtesy of Vietnam Airlines HÀ NỘI — Dragged by the impact of the COVID-19 pandemic, the national carrier Vietnam Airlines is seeking measures to ease pressure on its cash liquidity. According to CEO Dương Trí Thành, Vietnam Airlines may face […]


Tiền Giang Province aims to obtain growth speed of this year to be 7 per cent

  Tiền Giang Province is striving to ensure the 2020-21 winter-spring rice crop is bountiful. — VNA/VNS Photo Minh Trí TIỀN GIANG — Tiền Giang is determined to achieve the economic growth target of 7 per cent this year despite being affected by the COVID-19 pandemic, the Party chief of the Mekong Delta province has […]