Latest News in Vietnam

News



Quốc Cường Gia Lai to sell its shares in Sông Đà Riverside

  A 3D-rendered image of the Sông Đà Riverside Project in Hiệp Bình Phước Ward, Thủ Đức District, HCM City. — Photo vietnambiz.vn HÀ NỘI — Quốc Cường Gia Lai’s (QCG) board of directors recently approved the sale of the firm’s remaining 34 per cent shares of real estate firm Hiệp Phúc JSC. In April, QCG sold 56 per cent of […]


Users urged to be careful when using Facebook ‘gender swap’

  Users have been urged to be more careful when using the FaceApp since facial recognition is a technology used mainly for password authentication. — Photo courtesy of Kaspersky  HCM CITY — FaceApp’s “gender swap” filter has generated the hashtag “#faceappchallenge” and received hundreds of thousands of shares on Facebook and Instagram, raising concerns about security […]


Gold prices soar in the markets

  Gold prices reach VNĐ49 million (US$2,100) per tael on June 22. — Photo courtesy of Doji HÀ NỘI — The local gold price kept soaring to reach VNĐ49 million (US$2,100) per tael (1.2 ounces) this morning when the yellow metal reached its highest global price in more than a month. In Việt Nam, the Sài Gòn […]


Ministry considers allowing bets via e-wallets, telecommunications accounts

  The Ministry of Finance was drafting an amendment to the decree on business of betting on horse racing, greyhound racing and international football which would allow the payment of bets via e-wallets or mobile accounts. — Photo baochinhphu.vn HÀ NỘI — The Ministry of Finance is drafting an amendment to the decree on business of betting on […]


Việt Nam’s biggest shipping firm reduces charter capital

  Việt Nam National Shipping Lines (Vinalines) has to reduce its charter capital as it could not sell shares to strategic investors or at the IPO. — Photo vietstock.vn HÀ NÔI — Việt Nam National Shipping Lines (Vinalines), the country’s biggest shipping firm, has to reduce its charter capital by another 15 per cent due to […]


Hà Nội prohibits using the first floor of resettlement houses for business

A resettlement area in Hà Nội. — VNA/VNS Photo Hoàng Lâm HÀ NỘI — The first floors of resettlement apartments in Hà Nội can no longer be used for trading and leasing joint venture purposes. The city’s People’s Committee has assigned authorities in districts, wards and towns to use the first floors of resettlement apartments under State possession […]


Bà Rịa-Vũng Tàu seeks to improve logistics competitiveness

  Bà Rịa-Vũng Tàu Province will spend VNĐ 20 trillion (US$850 million) to improve its ports and thus competitiveness in the global logistics sector. — VNA/VNS Photo BÀ RỊA-VŨNG TÀU — Bà Rịa-Vũng Tàu Province authorities plan to spend VNĐ 20 trillion (US$850 million) from now through 2025 on infrastructure to achieve their goal of […]


Techcombank targeted VNĐ13 trillion pre-tax profit in 2020

  Techcombank’s annual general meeting of shareholders was held in Hà Nội on Saturday. — VNS Photo HÀ NỘI — Techcombank (TCB) has set a pre-tax profit target of VNĐ13 trillion (US$559.3 million) in 2020, increasing slightly one per cent from last year. This target was approved at its annual general meeting of shareholders (AGM) […]


Vietnamese businesses strive to reduce inventory after COVID-19

Shoppers buy fruit at a supermarket. —Photo thoibaotaichinhvietnam.vn HÀ NỘI — Inventory has become a common concern of domestic enterprises due to the impact of the COVID-19 pandemic. A recent survey conducted by the General Statistics Office showed 57.7 per cent of enterprises affected by the pandemic said their consumption market had decreased sharply. The shrinking […]


Bank lending expected to get out off coronavirus doldrums soon

Credit growth is expected to improve significantly thanks to many proactive measures taken by the Government and central bank recently to revive the economy. — Photo cafef.vn  Compiled by Thiên Lý Experts have forecast bank credit growth in the second quarter to reach 3.5-4 per cent, much higher than the rate in the first quarter. […]


‘Prudent’ Tracodi sets modest financial targets for this year

  The Tracodi annual general meeting in HCM City on Saturday approves the annual statement for 2019, a number of business targets for this year, profit distribution plans and other important proposals. — VNS Photo  HCM CITY — The Transport and Industry Development Investment Joint Stock Company (Tracodi) targets revenues of VNĐ1.92 trillion (US$82.6 million) […]


EU to remove tariffs on Vietnamese tuna once trade deal takes effect

  Tuna transported for sale in Khánh Hòa Province. The EU will eliminate tariffs on fresh and frozen Vietnamese tuna products once the European-Việt Nam Free Trade Agreement comes into effect in August. Photo courtesy of VASEP HCM CITY — The European Union will eliminate tariffs on fresh and frozen Vietnamese tuna products, with 11,500 tonnes […]


Shares set to gain on corporate earning hopes

  Vincom Plaza Tuy Hoà shopping mall in the southern province of Phú Yên. Stocks of the ‘Vin’ family were the main driving force helping the market rebound last week. — Photo courtesy of Vingroup HÀ NỘI — The Vietnamese market is forecast to enter a new rising phase with investors waiting for positive second-quarter earnings reports, said brokerages. The […]


Vietnamese and Japan businesses enhance co-operation through online platform

J-GoodTech website. — VNS Photo HÀ NỘI — The Việt Nam Chamber of Commerce and Industry (VCCI) and the SME Support Japan organisation introduced J-GoodTech, a Japanese online business matching platform, to Vietnamese enterprises on Friday. J-GoodTech is an online platform connecting business between Japanese small- and medium-sized enterprises (SMEs) with partners. The platform currently […]


Vietbuild expo in HCM City to feature nearly 1,800 booths

  A press briefing to introduce Vietbuild exhibition themed ‘Construction – Building materials – Real Estate – Interior and Exterior Decoration’, which will be held at the Sài Gòn Exhibition and Convention Centre in District 7 from June 24 to 28. — VNS Photo Xuân Hương HCM CITY — The Vietbuild International Exhibition with the theme […]


FDI into electronics should promote local companies

  Telecommunications equipment manufactured at VNPT Technology. The foreign direct investment into electronics should aim to promote local companies and enable them to engage in the global value chain. — nhandan.com.vn HÀ NỘI — Foreign direct investment (FDI) into electronics should aim to promote local companies and enable them to engage in the global value chain, industry insiders […]


Cần Thơ businesses ask for help to recover after COVID-19

  Businesses in Cần Thơ City have asked the city to carry out policies to help them recover from the COVID-19 crisis. — VNA/VNS Photo Danh Lam CẦN THƠ – Businesses in Cần Thơ City have asked for favourable financial policies to help them recover from the COVID-19 crisis. Nguyễn Phương Lam, director of the Việt Nam Chamber […]


PM asks to manage solar power projects for national security

  A solar power plant in Ninh Thuận Province. At present, more than 30 provinces and cities nationwide have solar power projects. —VNA/VNS Photo Ngọc Hà HÀ NỘI — The Prime Minister has requested the Ministry of Planning and Investment (MPI) propose suitable management solutions for solar power projects to ensure national security. The Government Office has released […]


Allowing foreigners to buy tourism property developments needs careful consideration: experts

  The Ministry of Construction recently proposed amending the laws on housing and real estate business, allowing foreign individuals and institutions to buy tourism property developments to aid the declining market. — Photo reatimes.vn HÀ NỘI — The Ministry of Construction’s proposal to allow foreigners to buy tourism property developments in Việt Nam needs careful consideration, experts […]


Developing industrial infrastructure critical to catching FDI flow

  Developing the infrastructure system of industrial parks is important to attract quality foreign investment. — Photo tapchitaichinh.vn HÀ NỘI — Việt Nam needed to focus on developing the infrastructure system of industrial zones (IZs) to draw clean and quality foreign direct investment (FDI) in the context of the global production shift, heard a conference on […]