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Shares plummet on GDP growth record low and surges in COVID-19 fatalities

  A Vietcombank office in Hà Nội. Shares of Vietcombank (VCB) declined 2.2 per cent on Monday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Local shares tumbled on Monday as the second-quarter GDP growth record low and the relentless spread of coronavirus hit market sentiment. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dived 2.65 […]


RCEP plays an important role in ASEAN, says expert

  Director Lee Jaehyon. The Regional Comprehensive Economic Partnership (RCEP) is a trade agreement between the ten member states of ASEAN and its six partners including Australia, China, India, Japan, New Zealand and South Korea. Director of South Korea’s Asan Institute for Policy Studies’ Center for ASEAN and Oceania Studies Lee Jaehyon talks with Vietnam News Agency about the importance […]


China enhances control of exported farm produce: MoIT

  China would strengthen management fresh and frozen foods, including seafood, pork, beef and lamb to ensure food hygiene and safety. — photo kinhtenongthon.vn HÀ NỘI — The Consulate General of Việt Nam in Guangxi Province, China and the Asia-Africa Market Department have warned local businesses that Guangxi is carrying out a number of measures to strengthen control […]


Phú Quốc tightens land laws again

  An advertisement for land for sale on Phú Quốc Island. — Photo vietnamnet.vn HÀ NỘI — The People’s Committee of Kiên Giang Province has issued a document to temporarily halt the splitting of land plots and transferal of land use purposes in the island district of Phú Quốc. The move comes just three months after a similar […]


275 products qualified for OCOP standards

The certification ceremony. — Photo tuoitrethudo.com.vn HÀ NỘI — The capital city of Hà Nội has granted certification to 275 products which qualify for the standards of the One Commune-One Product (OCOP) programme at a conference on Friday. The event aims to honour producers, connect the trade of OCOP products into supermarkets and shops for […]


Petrolimex targets revenue and profit drops

  Petrolimex holds Annual General Meeting of shareholders on Friday in Hà Nội. The group plans to sell 11.47 million cubic meters of petrol this year, equivalent to 83 per cent of the selling output in 2019. — Photo cafef.vn HÀ NỘI — The Việt Nam National Petroleum Group (Petrolimex or PLX) forecast a drop in both revenue […]


Enterprises seek ways to boost agricultural and aquatic exports

  Export volume of Vietnamese agricultural and aquatic products could be increased by improving quality and brand-building. — Photo vov.vn HCM CITY — Vietnamese enterprises need to improve product quality, build their brands, and ensure product traceability to increase the exports of agricultural and aquatic products, experts said at a seminar on June 26 in HCM City. Exports of agricultural and aquatic products in […]


Real estate brokers required professional

  A property broker introduces apartments at a housing project to customers. — Photo cafeland.vn HÀ NỘI — Real estate brokerage activities should be professionalised and often individual sellers need better training, especially when the market is in need of momentum after the COVID-19 pandemic, experts said. Speaking at the Việt Nam Realtors festival held in Hà […]


AEON promotes consumption of Vietnamese agricultural products in domestic, foreign markets

  AEON Vietnam implements programmes to support consumption of agricultural products at General Department Stores and Supermarkets in Japan. — Photo courtesy of AEON Vietnam HCM CITY — The first batch of fresh Vietnamese lychees exported to Japan was sold AEON’s store system, including 250 AEON General Merchandise Stores and Supermarkets and AEON Style stores in Japan. In […]


BCG targets 31.1 per cent growth in after-tax profit in 2020

  BCG’s annual general meeting in HCM City on June 27. — VNS Photo  HCM CITY — Bamboo Capital JSC has set revenue and after-tax profit targets of VNĐ1.913 trillion (US$82.2 million) and VNĐ184.2 billion ($7.9 million) this year, 24 per cent and 31.1 per cent higher than last year. The targets were approved at […]


July to be a hard month for Vietnamese shares

  Vietnamese shares are expected to struggle in July as corporate earnings will be dampened. — Photo tinnhanhchungkhoan.vn HÀ NỘI — July looks set to be a hard month for investors as market turbulence continues due to the unpredictability of global stocks and with attention on second-quarter earnings expectations. The local market has stalled in the last […]


M&A deals could help businesses restructure amid pandemic

  A woman walks past a Vinmart+ in Hà Nội. A deal in which Masan acquired VinMart and VinMart+ from Vingroup helped Masan to expand its retail system. — VNS Photo Mai Hương HÀ NỘI — Merger and acquisition (M&A) deals will likely increase post-pandemic, which industry insiders see as a chance for enterprises to restructure their […]


Vietcombank to maintain lending standards

  Vietcombank’s head office in Hà Nội. — VNA/VNS Photo Trần Việt HÀ NỘI — Việt Nam’s largest bank Vietcombank will not lower lending standards in the post-pandemic stage to keep capital healthy in 2020, chairman Nghiêm Xuân Thành has said. The bank will raise the quality of credit to cope with the country’s economic development […]


Vietjet to pay divident of 2019 by shares

  Vietjet President & CEO Nguyễn Thị Phương Thảo delivers her speech at the AGM. —Photo courtesy of Vietjet HCM CITY — Amid the global crisis sparked by COVID-19, Vietjet Aviation Joint Stock Company (HOSE: VJC) has created a foundation for recovery and will look to seize all opportunities for sustainable development from 2020 thanks to the resources […]



Hà Nội must become East Asian centre by 2045: PM

  Prime Minister Nguyen Xuan Phuc addresses the ‘Hà Nội 2020 – Investment & Development Co-operation’ conference held on Saturday in Hà Nội. VNA/VNS Photo Thống Nhất HÀ NỘI — Hà Nội must have transformed itself into one of the political, economic and cultural centres in East Asia by 2045, when Việt Nam becomes a developed country, […]


Vinamilk sees revenue and profit both up despite COVID-19

  VInamilk holds their 2020 annual shareholder meeting on Friday in HCM City. The company aims to receive VNĐ59.6 trillion in total revenue this year, up 5.7 per cent on-year. — Photo ndh.vn HCM CITY — Despite the impact of COVID-19, dairy producer Vinamilk’s total revenue and profit in the first half of 2020 still rose 3-7 […]


Local farming production needs reforms for higher export value

  Vietnamese lychees at a supermarket in Japan. — Photo thoibaokinhdoanh.vn HÀ NỘI — Foreign countries tightening import regulations would affect Việt Nam’s exports of farming products, especially fruits, forcing the local agricultural industry to reorganise production, according to experts. China is boosting food safety inspection, quarantine and traceability for imported goods, especially on fresh, chilled and processed […]


Measures sought to resolve difficulties faced by HCM City housing industry

  A housing project in HCM City. — VNA/VNS Photo  HCM CITY — The property industry in HCM City, and in fact the country in general, faces several problems that need urgent solutions, especially with regard to legal provisions. Nguyễn Thị Thanh Hương, general director of Đại Phúc Land, said it took her company 15 […]


Qualcomm launches its first R&D facility in region in Hà Nội

The new office of Qualcomm. — Photo tapchicongthuong.vn HÀ NỘI — Qualcomm Vietnam Company Limited has launched a new research and development (R&D) facility in Hà Nội. It is also the company’s first R&D facility in Southeast Asia. The new office will address requests from partner companies as well as government agencies. With a large area […]