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P2P firms waiting for a sandbox

  The peer-to-peer lending market in Việt Nam has high potential for development. — Photo ndh.vn HÀ NỘI — Peer-to-peer (P2P) lending companies expect that the sandbox for fintech would eliminate unscrupulous businesses and help the market grow significantly. A regulatory sandbox is a framework set up by a regulator that allows FinTech startups and other […]


Việt Nam to go digital or lose out: Deputy PM Đam

  Deputy Prime Minister Vũ Đức Đam gives a speech at the seminar on digital transformation in Hà Nội on July 3. — VNA/VNS Photo Minh Quyết HÀ NỘI — Deputy Prime Minister Vũ Đức Đam highlighted the role of digital transformation when he met with leaders from the Ministry of Information and Communications (MIC) […]


National retail sales, service revenues up in June

  A supermarket in Hà Nội. During the first half of this year, the retail sector earned about VNĐ1.89 quadrillion. — Photo thuongtruong.vn HÀ NỘI — Việt Nam’s total retail sales and service revenue hit VNĐ431 trillion (US$18.6 billion) in June, up 6.2 per cent month-on-month and 5.3 per cent year-on-year. However, the figure in the first six […]


EuroCham proposes Gov’t to cut 50 per cent of registration fee for imported cars

  People pay registration fees for cars at Hà Nội Police Office. — Photo nguoiduatin.vn HÀ NỘI — The European Chamber of Commerce in Việt Nam (EuroCham) proposed the Government to apply the 50 per cent registration fee reduction to all automotive assembly firms, importers and dealers of new vehicles. The proposal was part of recommendations at the […]


Đà Nẵng sees negative economic growth for first time in over 20 years

  Tourists on Đà Nẵng beach. — VNA/VNS Photo Lê Lâm ĐÀ NẴNG — Due to the coronavirus pandemic, the central city of Đà Nẵng saw its GRDP for the first half of the year contract by 3.61 per cent from the same period in 2019, the first time since the city became a centrally-run locality […]


Shares to correct amid lack of positive news

  A share auction is held at the Hà Nội Stock Exchange. An average of nearly 43.6 million shares were traded on the northern exchange during each session last week, worth VNĐ420 billion. — VNA/VNS Photo Trần Việt  HÀ NỘI — Shares are forecast to experience volatility and correction this week as the absence of supportive […]


Stock market players hail covered warrants on 1st anniversary

  Lê Hải Trà, acting chairman of the Hồ Chí Minh Stock Exchange, speaks to the media during a review of the covered warrants market in HCM City on Friday one year after they were introduced. — VNS Photo HCM CITY — One year after they were introduced on the Hồ Chí Minh Stock Exchange, […]


Sacombank signs up to lend to enterprises affected by COVID-19

  Sixteen banks sign credit contracts to support firms affected by the COVID-19 pandemic. — Photo courtesy of Sacombank HCM CITY — Sacombank and 15 other banks have signed credit contracts to provide preferential loans to corporate customers to support them in their efforts to restore and expand business and production after the COVID-19 pandemic. […]


Pork and oil prices key to keeping inflation under control: experts

  Close watch must be on  pork and oil prices to keep inflation under control. — Photo kinhtedothi.vn HÀ NỘI — With huge inflation pressure on the way in the remaining months of this year, a close watch must be kept on the prices of key products like oil and pork to hit the goal of […]


Domestic property market faces uncertainty

  Apartment buildings in Hà Nội. Foreigners’ housing demand is increasing on the domestic property market. — VNA/VNS Photo Huy Hùng HÀ NỘI — The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to […]


Hà Nội moves towards approving construction of third Aeon Mall

  The location of the mooted project. — Photo kinhtedothi.vn   HÀ NỘI — The proposed construction of a parking lot and the Aeon Mall Hoàng Mai Trade centre will soon be decided upon by the Hà Nội People’s Committee as Prime Minister Nguyễn Xuân Phúc has approved the adjustment of the construction planning of the capital city. […]


Hà Tĩnh eyes $43 million resort project

  The planned Wyndham Costa Hà Tĩnh high-class marine resort project. — Photo Hà Tĩnh Province People’s Committee HÀ NỘI — The Onsen Fuji Services Travel Joint Stock Company has proposed investing in a high-class marine resort project, the Wyndham Costa Hà Tĩnh, in the central province of Hà Tĩnh. The project with a total investment […]


Three IPs in Hưng Yên Province added to the national planning

  Phố Nối A Industrial Park in Hưng Yên Province. Three industrial parks in the province were recently added to the national industrial park development planning. — File Photo HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has approved adding three industrial parks (IPs) with a total area of 567 hectares in the northern province of Hưng […]


Gelex to raise stake in Viglacera

  Hải Yên Industrial Park, a project developed by Viglacera (HoSE: VGC) in the northern province of Quảng Ninh. — Photo viglacera.com.vn HÀ NỘI — The Vietnam Electrical Equipment JSC (Gelex) plans to acquire a 21 per cent stake in the industrial group Viglacera. Gelex will purchase 95 million Viglacera shares to raise its ownership to […]


Surge in new traders fuels market gains

  A production line of brewery company Sabeco (SAB). SAB rose 4.9 per cent on Friday. — Photo antt.vn   HÀ NỘI — Shares climbed on Friday thanks to a strong boost from a massive surge in new trading accounts opened by punters seeking to bottom fish from a giant slump amid COVID-19. The benchmark VN-Index on the […]


Thừa Thiên – Huế to expect two growth scenarios

  A corner of Thừa Thiên-Huế HÀ NỘI — Thừa Thiên–Huế Province expects two growth scenarios for the remaining six months of 2020, according to the provincial Statistical Office. In the first scenario, the province’s gross regional domestic product (GRDP) would expand 2.8 per cent.                      […]


SeABank completes all three Basel II pillars

  SeAbank employees talk to customers at a branch office in Hà Nội. — Photo courtesy of SeABank HÀ NỘI — SeABank recently announced it has completed the second pillar of Basel II, a set of recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The completion of its Internal Capital Adequacy Assessment Process […]


RealStake secures seed funding 

  Investors with US$1,000 can invest in the realty platform RealStake. — Photo courtesy of the firm HÀ NỘI — The tech start-up RealStake announced it has closed seed funding from the 500 Startups Vietnam venture capital fund, as well as angel investors in realty, retail and banking industries. Aiming to digitise and democratise consumer investment in Southeast Asia, RealStake […]


Qatar Airways to restart flights to HCM City

There will be three flights from HCM City to Doha weekly every Wednesday, Friday and Sunday from July 3 to 31.— Photo qatarairways.com HÀ NỘI — Qatar Airways will be resuming Doha – HCM City operations from July 3. There will be three flights from HCM City to Doha weekly every Wednesday, Friday and Sunday from […]


What SMEs should do to be safe from ransomware attacks

  The number of ransomware attempts against small and medium-sized businesses blocked by Kaspersky solutions and the country’s ranking based on the share of users almost infected with this malware. — Photo courtesy of the company HCM CITY — Ransomware attacks have gradually decreased in number globally, but are fast becoming business-centric, according to global cybersecurity […]