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Electronics exports face difficulties due to COVID-19

An assembly line of Samsung Electronics Việt Nam. — Photo dantri.com.vn HÀ NỘI — The electronics industry in the last six months of the year is forecasted to be still greatly affected by the COVID-19 pandemic, which reduces demand in the US and European markets. The report on industrial and commercial production in the first six […]


Vietnamese investors in Laos discuss measures to cope with COVID-19

  Unitel is a telecom service brand name of Star Telecom, a joint venture between Việt Nam’s Viettel Group and Lao Asia Telecom. Việt Nam now has 413 projects in Laos with total registered capital of US$4.22 billion. — Photo baodautu.vn HÀ NỘI — Vietnamese enterprises investing and doing business in Laos needed to apply online solutions in corporate management to cope with the COVID-19 pandemic, […]


Foreign capital funds find ways to enter Vietnamese retail market

A store of Mobile World Group (MWG) in Hà Nội. — Photo cafef.vn HÀ NỘI — With a scale of nearly US$180 billion and an annual two-digit growth rate, the Vietnamese consumer retail market is being squeezed by foreign investors. Recently, Arisaig Asia Consumer Fund Limited said that it had invested in three new businesses in […]


Central province to call for PPP investment in airport and sea port

  A cargo ship docks at Chu Lai-Trường Hải Port in the Chu Lai Open Economic Zone in the central province of Quảng Nam. The province has called for investment in airport and sea port system under the PPP model. — VNS Photo Công Thành  QUẢNG NAM — The central province has proposed a Private-Public-Partnership […]


Automobile market on track for recovery: VAMA

  A corner of VinFast factory in the northern city of Hải Phòng. — Photo VinFast HÀ NỘI – Members of the Vietnam Automobile Manufacturers’ Association (VAMA) sold 24,002 automobiles in June, up 26 per cent compared to the previous month but down 13 per cent year on year. According to the association, the highest […]


AstraZeneca Vietnam signs agreement with local pharmaceutical distribution company

  AstraZeneca Vietnam signed an agreement on distributing pharmaceutical products with the National Phytopharma Joint-Stock Company No 2 on July 11 in HCM City. — VNS Photo HCM CITY — Pharmaceutical AstraZeneca Vietnam on Saturday signed an agreement with the National Phytopharma Joint-Stock Company No 2 (Phytopharma) on distributing their pharmaceutical products in the Vietnamese market in HCM City. Speaking at […]


Quy Nhơn Port affirms honest business results

  A view of the Quy Nhơn Port in Bình Định Province. — Photo nld.com.vn HÀ NỘI — The Quy Nhơn Port Joint Stock Company (code: QNP) affirmed that the company’s 2019 financial statements faithfully reflected its business results. This was the response of Quy Nhơn Port after the Việt Nam Association of Financial Investors (VAFI)’s said […]


State needs solutions to reduce logistics cost for farm produce

  The transportation cost has accounted for 61 per cent of total logistics cost for fruit and vegetable products. —Photo kinhtedothi.vn HÀ NỘI — The State should develop solutions to reduce high logistics costs in trading agricultural products to improve the competitiveness of Vietnamese farm produce on the market, according to experts. The logistics costs have accounted for 12.2 […]


Đồng Nai Province to expand industrial zones

  Đồng Nai is planning on expanding and opening more industrial zones as the province is seeing more and more foreign investment. — Photo baodongnai ĐỒNG NAI — Despite COVID-19, foreign direct investment has continued pouring into Đồng Nai Province, which plans to expand its industrial zones as space in existing IZs is nearly full. Cao Tiến Sỹ, head of the Đồng Nai Industrial […]


Stocks to struggle on mixed Q2 earnings report releases

  A facility of the PetroVietnam Fertiliser and Chemical Corporation in Bà Rịa-Vũng Tàu Province’s Tân Thành District. VNA/VNS Photo Quang Định HÀ NỘI — As companies are about to release their second-quarter earnings reports, mixed performances will continue across sectors and keep the market struggling in the coming week. Việt Nam’s benchmark VN-Index on the […]


Banks set sights on bigger targets with stock listing in HCM City

LienVietPostBank will complete the transfer of its LPB shares from the unlisted Public Company Market (UPCoM) to the Ho Chi Minh Stock Exchange (HoSE) in the fourth quarter of this year.— Photo danviet.vn LienVietPostBank has said it will complete the transfer of its LPB shares from the unlisted Public Company Market (UPCoM) to the Ho […]


AstraZeneca Vietnam signs MoU with local pharmaceutical distribution company

  AstraZeneca Vietnam signed an MoU on distributing pharmaceutical products with the National Phytopharma Joint-Stock Company No 2 on July 11 in HCM City. — VNS Photo HCM CITY — Swedish pharmaceutical AstraZeneca Vietnam on Saturday signed a memorandum of understanding (MoU) with the National Phytopharma Joint-Stock Company No 2 (Phytopharma) on distributing their pharmaceutical products in the Vietnamese market in HCM City. Speaking […]


Bình Dương first half trade surplus hits $2.6b

  The southern province of Bình Dương enjoyed a trade surplus of US$2.6 billion in the first half of 2020. — VNS Photo Văn Châu BÌNH DƯƠNG  The southern province of Bình Dương recorded a trade surplus of US$2.6 billion in the first half of the year, according to its Department of Statistics. Its exports […]


HCM City seeks developers for nearly 300 PPP projects

   Phú Mỹ, a cable-stayed bridge linking HCM City’s Districts 2 and 7, was built under PPP investment form. Photo courtersy of Mytour.vn.htm.  HCM CITY  — HCM City is expected to reconsider projects under the public-private partnership investment form meant to combat flooding and land subsidence and resettle people living along canals when new regulations […]


MoIT aims for production growth in second half of year

  In June, the IIP rose by 13 per cent in the processing and manufacturing sector. — Photo congthuong.vn.  HÀ NỘI — The Ministry of Industry and Trade (MoIT) will focus on removing difficulties in industrial sectors in the second half of this year, especially the processing and manufacturing industry, to expand production and business. It plans […]


MIC to conduct a large-scale inspection on junk SIM cards

Illustrative image. VNTA has collaborated with Viettel, VNPT and MobiFone to deploy technological solutions to filter and disconnect subscribers who spread spam. — Photo baotintuc.vn HÀ NỘI — The Ministry of Information and Communications (MIC) has said it plans to deal with telecom waste and continue large-scale inspections of junk SIM cards. Clearing up telecom waste would […]


Water sector draws investment

  A worker of Hà Nội Water Co Ltd (Hawacom). Hawacom is among the enterprises that occupy the largest market shares in the water supply industry. Photo hawacom.vn HÀ NỘI — The water supply and drainage sector is drawing investment thanks to its high profit margins and good growth potential. According to the HCM City […]


Vehicles providing transport services will have yellow licence plates

  Taxi is one of the transport vehicles that must change from white licence plates to yellow ones. — Photo vov.vn HÀ NỘI — All vehicles providing cargo and passenger transportation services must change from white licence plates to yellow ones with black letters and numbers from August 1, according to the Traffic Police Department under […]


E-wallet users rush to verify information

  E-wallet MoMo announced the deadline information on its main screen of the application. — Photo momo.vn HÀ NỘI — The number of e-wallet users completing identity verification surged ahead of the July 7 deadline, according to e-wallet firms. Article 9 of Circular 23/2019/TT-NHNN regulates that e-wallet owners must provide accurate information in the application form for […]


Việt Nam needs to be cautious in the second half of 2020: CIEM

  The Central Institute for Economic Management (CIEM) hosts a seminar reviewing the local economy in Hà Nội on July 10. — Photo cafe.vn HÀ NỘI — The Central Institute for Economic Management (CIEM) said with good results in preventing the pandemic and the chance for economic recovery, Việt Nam needs to be cautious in the second half […]