A sales board in front of Tràng Tiền Plaza. In the most optimistic scenario, Hà Nội’s gross regional domestic product could achieve a growth rate of 5.9 per cent. — VNS Photo Mai Hương HÀ NỘI — Hà Nội authorities have devised two growth scenarios for the remaining six months of the year. In the first and the […]

  Banks must handle a large amount of bad debts this year. —VNA/VNS Photo  HÀ NỘI — Some banks are speeding up the recovery of non-performing loans (NPLs) this year despite the impacts of the COVID-19 pandemic. An Bình Commercial Joint Stock Bank (ABBank) said the bank aimed to reach VNĐ1.3 trillion (US$56.52 million) in […]

  Ronald Tay has been appointed CEO of CapitaLand Vietnam, effective on July 1. HCM CITY — CapitaLand Limited has appointed a new CEO in its core market of Việt Nam as part of its ongoing leadership development and renewal process.  Ronald Tay will be appointed CEO of CapitaLand Vietnam effective from July 1.  Adding to the wide-ranging expertise and experience […]

  More chickens are needed to help meet the local demand for meat. —  Photo nongnghiep.vn HÀ NỘI — Though export turnover of agriculture products in the first half of this year fell 3.4 per cent from the same period in 2019, leaders of the industry still hope to meet targets for the year set before the […]

  EuroCham Chairman Nicolas Audier addresses the dialogue, themed “Administrative Reform: A Key Role in EVFTA Implementation”, held by the EuroCham and the Prime Minister’s Advisory Council for Administrative Procedure Reform on Tuesday in Hà Nội. — VNA/VNS Photo Linh Anh HÀ NỘI — Administrative procedure reform is the key to unlocking the full potential of the […]

  A production line at Hanel JSC. This has been one of State-owned enterprises in the list of privatisation in 2020. — Photo hanel.com.vn HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has approved a list of 124 State-owned enterprises (SOEs)  for divestment this year. According to Decision No 908/QĐ-TTg, 120 enterprises will be divested […]

  Masan Group Corporation executives reply to questions from shareholders at the company’s annual general meeting held in HCM City on June 30. — Photo courtesy of MSN  HCM CITY — Masan Group Corporation (HOSE: MSN) targets net revenues of VNĐ75-85 trillion (US$3.2-3.64 billion) this year, a year-on-year increase of 101- 128 per cent. Net […]

  Sabeco’s beer is loaded for sale in HCM City. The company shares dropped 2.2 per cent on Tuesday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Vietnamese shares gave up gains to lose for a sixth straight day as abysmal market sentiment weighed on the large-cap sector in the afternoon trading session. Việt Nam’s benchmark VN-Index on […]

  Danny Le, chairman of the board of Masan Resources, speaks at the company’s annual general meeting on Monday. — Photo courtesy of Masan HCM CITY — Shareholders of Masan Resources (MSR) approved a number of proposals at its annual general meeting in HCM City on Monday, including a change in the company’s name to […]

Bến Tre Province’s green Xiêm coconut, which received Geographical Indication certification from the National Office of Intellectual Property of Việt Nam. — VNA/VNS Photo HÀ NỘI — The number of patents has increased by 56.7 per cent in the first five months of this year compared to the same period last year. Đinh Hữu Phí, […]

Leaders of the Long An Dragon Fruit Association and Lavifood JSC sign the agreement. — VNA/VNS Photo HÀ NỘI — The Long An Dragon Fruit Association signed a co-operation agreement with Lavi Agri Company Limited on purchasing and consuming red dragon fruit in the province’s Châu Thành and Tân Trụ districts on Monday. Under the agreement, […]

  Insurance-finance group Bảo Việt Holdings’ headquarters in Hà Nội. — Photo cafef.vn HÀ NỘI — Insurance-finance group Bảo Việt Holdings (HoSE: BVH) expects little change for its revenue this year, but post-tax profit is expected to decline. Total revenue in 2020 is forecast to inch up 0.2 per cent year-on-year to nearly VNĐ45 trillion (US$1.94 […]

  With COVID-19 affecting global demand, Việt Nam’s exports of squid and octopus fell by 21.2 per cent in the first five months of the year. — VNA Photo Hoàng Ngà HCM CITY — Squid and octopus exports fell by 21.2 per cent year-on-year in the first five months of the year to US$192 million as demand […]

A representative from a new enterprise fulfils establishment procedures at the Hà Nội Department of Planning and Investment. — VNA/VNS Photo Danh Lam HÀ NỘI — Some 29,200 firms temporarily suspended operations in the first six months of this year, a year-on-year increase of 38.2 per cent. Up to 19,600 enterprises stopped operation and are […]

  Complying with rules of origin is important for firms to expand exports to the European Union. — VNA/VNS Photo HÀ NỘI — The European Union Free Trade Agreement (EVFTA) will create significant opportunities for Vietnamese firms to recover and develop after the COVID-19 pandemic, Deputy Minister of Industry and Trade Trần Quốc Khánh said at a conference […]

  Workers produce electronic parts in 4P Company in the northern province of Hưng Yên. Manufacturing was the driving force of the Vietnamese economy in the first six months of this year with an expansion of 4.96 per cent. — VNA/VNS Photo Phạm Kiên   HÀ NỘI — Việt Nam’s gross domestic product (GDP) expanded 1.81 per cent year-on-year during […]

  Passengers board a train of Sài Gòn Railway Transport.Vietnam Railway Corporation (VNR) estimates a loss of nearly VNĐ1.4 trillion (US$60 million) after tax in 2020. — Photo laodong.vn HÀ NỘI — Vietnam Railway Corporation (VNR) estimates a loss of nearly VNĐ1.4 trillion (US$60 million) after tax in 2020, a massive blow to the company due to […]

  Shinhan Finance wins the 2020 Best Sustainability Development Company Vietnam award given by British publication Global Banking & Finance Review. — Photo courtesy of the company HCM CITY — Shinhan Vietnam Finance Company Ltd., has won the 2020 Best Sustainability Development Company Vietnam award from the UK’s Global Banking & Finance Review magazine. The […]

  Footwear being made for export at the Japan-invested Midori Safety Footwear Việt Nam in Quảng Nam Province’s Điện Nam-Điện Ngọc Industrial Zone. — VNA/VNS Photo Danh Lam HÀ NỘI — Foreign investment commitments to Việt Nam in the first half of this year decreased 15.1 per cent year-on-year to US$15.67 billion, a report from the Ministry […]

  Speakers at the seminar in HCM City on June 26 answer many questions from businesses seeking to export to the Southeast Asia region. — VNS Photo HCM CITY — Vietnamese firms need to improve product quality and study market trends and consumer tastes in Southeast Asian countries as well as take part in trade promotion […]