Latest News in Vietnam


Three more wind power projects allowed to operate commercially

Trung Nam wind farm in Ninh Thuận Province. — Photo HÀ NỘI — Three wind power plants with specific capacity were recognised for commercial operation last month, said Việt Nam Electricity (EVN). Accordingly, Hòa Bình 1 wind power plant – phase 2 with a total capacity of 15.2 MW was recognised. The others are wind power […]

Bank stocks decline sharply during pandemic

  Customers make transactions at a branch of Vietinbank in Hà Nội. Shares in Vietinbank have decreased by nearly 40 per cent since late June. VNA/VNS Photo Trần Việt HÀ NỘI — Banking stocks have continuously corrected since the beginning of July, with market analysts forecasting the decline in bank asset quality as due to the COVID-19 pandemic. After setting […]

Local auto industry needs support amid pandemic

  A car assembling line in Hyundai Thanh Cong. The local auto industry needs more support to develop. — VNA/VNS Photo Đức Phương HÀ NỘI —  Domestic automobile manufacturers have urged the Ministry of Finance to revise criteria for production capacity so as to enjoy a preferential tax incentive policy for imported automobile parts. Most local auto assemblers […]

Overseas Vietnamese firms are suppliers of Vietnamese goods to foreign markets

  A supermarket of an overseas Vietnamese enterprise in Australia. Overseas Vietnamese retailers are expected to promote consumption of Vietnamese products abroad. Photo HÀ NỘI — The overseas Vietnamese business community is an important distribution channel to bring Vietnamese goods to the world market, said Minister of Industry and Trade Nguyễn Hồng Diên. From […]

Market extends rally after long holiday on pillar stocks

A worker inside a warehouse of Hoà Phát. The company’s shares jumped more than 4 per cent yesterday, leading the market’s uptrend. Photo HÀ NỘI — Shares inched higher on Monday, backed by gains in pillar stocks as investors’ risk appetite remained high.  On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index […]

Coastal tourism real estate near HCM City attracts developers as COVID prevents travel

  The Coastal housing in Bình Thuận Province’s Mũi Né District. — VNA/VNS Photo HCM CITY — The change in tourism trends caused by the COVID-19 pandemic has made coastal real estate near HCM City attractive to tourism property developers. COVID-19 is limiting the use of public transport such as planes, buses and trains and increasing the […]

Prime Minister visits Thái Nguyên Province, Samsung

  Prime Minister Phạm Minh Chính visits Samsung Electronics Vietnam Thai Nguyen Co. Ltd. on Friday. Photo  HÀ NỘI – Prime Minister Phạm Minh Chính visited Samsung Electronics Vietnam Thai Nguyen Co. Ltd. during a working trip to the northern province of Thái Nguyên on September 3. At a working session there, Chính said […]

Việt Nam’s steel sales increase due to exports

  Việt Nam’s steel exports reached 658,207 tonnes in the first seven months of this year, an increase of 5.96 per cent month on month. Photo HÀ NỘI — Steel enterprises have boosted exports while facing difficulties in domestic consumption due to the COVID-19 outbreak, according to the Vietnam Steel Association (VSA). The association said steel […]

Mooncake makers face unprecedented difficulties

Companies are promoting online sales through various e-commerce sites with diverse types and prices. — File Photo HÀ NỘI — There is less than one month to Mid-Autumn Festival, but due to the COVID-19 pandemic, many localities and provinces, including Hà Nội, have implemented social distancing, so there are no shops selling traditional mooncakes on the streets. […]

Foreign investors withdraw cash, but will return soon: experts

  A trader looking at a trading board inside the Hồ Chí Minh Stock Exchange (HoSE)’s building. — VNA/VNS Photo HÀ NỘI — Market experts forecast that foreign investors will undertake strong net buying in the fourth quarter of this year to prepare for next year’s economic recovery after large-scale immunisation campaigns. In the first eight months […]

E-commerce platforms resume delivery in HCM City as ban is lifted in red zones

Military Medical Academy shares information on immunogenicity of Nanocovax vaccine More than 9,500 new COVID-19 cases on Saturday Germany to donate 2.5 million doses of COVID-19 vaccine to Việt Nam HCM City to announce official decision soon on social distancing regulations, speeds up vaccination pace HCM City sees more COVID cases among children   A Shopee delivery […]

Market likely on a short-term uptrend: experts

Vietcombank’s employees and customers during transaction hours. The bank shares were one of the top three most influential stocks last week. Photo HÀ NỘI — The stock market gained for three straight sessions before the National Day holiday, which was different from the previous holidays when investors tended to take profits causing the market […]

Education support needed as COVID hits parents’ incomes: experts

  A student attends a virtual classroom via his laptop. VNA/VNS Photo  Compiled by Thiên Lý Thousands of families with school aged children in HCM City are striving to cope with the financial burden of their education as the new school year starts amid the severe income loss caused by the prolonged COVID-19 pandemic. In normal […]

Ports see increase in goods handling despite COVID

  Deputy prime minister Vũ Đức Đam (first right) inspects COVID-19 prevention measures at the Cái Mép – Thị Vải Port Cluster in Bà Rịa-Vũng Tàu Province. Photo HCM CITY – Thanks to the adoption of drastic COVID-19 prevention measures at ports, the volume of goods that passed through ports in the first eight months […]

Sacombank, Dai-ichi Life win Dutch award for Most Trusted Bancassurance Provider in Vietnam

  The bancassurance service offered by Sacombank and Dai-ichi Life Vietnam has won the 2021 award for Most Trusted Bancassurance Provider Vietnam from Finance Derivative. — Photo courtesy of Sacombank HCM CITY — The bancassurance service offered by Sacombank and Dai-ichi Life Vietnam has won the 2021 award for Most Trusted Bancassurance Provider Vietnam from […]

Banks again urge telecoms operators to cut SMS fees

  This is the fourth time since last year banks have proposed telecoms operators to cut charges for banking services via SMS. Photo HÀ NỘI — Telecoms operators still have not cut charges for SMS services in banking, even though the banks have proposed reductions several times. The Việt Nam Banks Association has proposed for the fourth time since last year […]

Siemens launches IT and contest for Vietnamese engineers and students

  Poster introducing four rounds of the “Best Applications of SIMATIC IOT2050” contest launched by Siemens. — Photo courtesy of Siemens HÀ NỘI — Siemens has officially launched a contest titled “Best Applications of SIMATIC IOT2050” with an aim to provide an opportunity for automation engineers and students in Việt Nam to demonstrate their talent, use their creativity and out-of-the-box thinking […]

HCM City power utility eyes integration of private renewable energy

  Rooftop solar system at EVNHCMC’s headquarters. Photo HCM CITY— The HCM City Power Corporation is undertaking a number of projects to develop and integrate power sources such as rooftop solar.  This will allow several control measures such as active reduction of grid power consumption during peak hours, load curtailment and management of loads through the day. […]

Việt Nam boosts high-tech industry

The Ministry of Industry and Trade has just issued a decision approving the framework of a programme to develop high-tech industries. — VNS File Photo HÀ NỘI — Việt Nam has targeted mastering a number of high technologies to form an ecosystem of enterprises producing high-tech products, and put them into production to increase the export value […]