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EVFTA, EVIPA approved to boost VN-EU economic, trade relations

  National Assembly deputies vote to approve the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA). — VNA/VNS Photo Dương Giang HÀ NỘI — National Assembly deputies officially ratified the Europe-Vietnam Free Trade Agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) on Monday morning. The EVFTA is expected to give Vietnamese […]


Consumer lending expected to recover well after pandemic ends

The ratio of consumer credit to total credit in Việt Nam is just around 20 per cent, meaning there is a lot of room for growth. — Photo hanoimoi.com.vn Compiled by Thiên Lý Will consumer loans remain a money-spinner for banks post-COVID-19? This was a question recently posed by market observers after witnessing the pandemic’s big […]


Capital flows into Móng Cái City

  Móng Cái City in Quảng Ninh Province is an attractive destination for investors. — Photo baoquangninh.vn HÀ NỘI — With both border gates and seaports with China, the city of Móng Cái in Quảng Ninh Province is a top spot for realty businesses and project developers. Last year, the total import-export turnover in the […]


Reforms needed to attract foreign portfolio investment: fund manager

  Traders watch live stock quotes at the Hồ Chí Minh Stock Exchange. — Photo bizlive.vn HCM CITY — Việt Nam needs effective changes and reforms to attract more foreign portfolio investment, Andy Ho, chief investment officer of investment fund VinaCapital, has said. The country had an opportunity to attract inflows into stocks, bonds, private […]


Opportunities still exist but market will struggle to make big advance

  A statue of a bull and bear outside the HCM City Stock Exchange. Busier economic activities could make less free capital available to the stock market. Momentum to drive the stock market in June will be weaker than it was in May. — Photo hsx.vn HÀ NỘI — The Vietnamese stock market may continue to […]


Banks expect credit growth extension

Customers perform transactions at a branch of VPbank in Hà Nội. The bank’s credit growth has so far exceeded 12 per cent, compared with the 13 per cent rate assigned by the State Bank of Việt Nam (SBV) for the bank in the whole of 2020. — Photo courtesy of VPBank HÀ NỘI — Many commercial banks […]


Failed projects to receive no more cash: Deputy PM

  The Dung Quất Bio-ethanol Plant in the central province of Quảng Ngãi, one of the 12 loss-making projects. — VNA Photo HÀ NỘI — The State will not pump more money into 12 failing mega-projects under the management of the Ministry of Industry and Trade (MoIT), said Deputy Prime Minister Trương Hòa Bình in a […]


Conference seeks ways to promote lychee consumption

  Packaging lychee at a trading centre in Lục Ngạn District, Bắc Giang Province. Up to 15,000ha of lychee have met VietGAP standards while 218ha satisfy GlobalGAP standards. — VNA/VNS Photo Vũ Sinh BẮC GIANG — More than 2,300 people attended a teleconference on Saturday promoting lychee consumption at home and abroad held in the northern province of Bắc Giang. […]


Việt Nam to export two more coronavirus test kits to Europe

  The test kits meet international standards and will be exported to European market shortly. — VNS Photo Hòa Nguyễn HÀ NỘI — Two more ‘made-in-Việt Nam’ SARS-CoV-2 test kits meeting international standards were announced at a ceremony in Hà Nội on Friday. The test kits, One-step RT-PCR COVID-19 KIT THAI DUONG and RT-LAMP COVID-19 KIT […]


Việt Nam agriculture to be world’s top 15 most developed

Harvesting rice in Kim Sơn District of the northern province of Ninh Bình. — VNA/VNS Photo Minh Đức HÀ NỘI — Việt Nam will strive to be among the world’s top 15 most developed countries in agriculture by 2030 with agricultural processing to rank in the world’s top 10. The goals were set in Government […]


Kiên Giang steps up export promotions

  Harvesting shrimp for export at a plant in Kiên Giang Province. VNA/VNS Ngọc Hải KIÊN GIANG  —  The Mekong province of Kiên Giang is taking steps to promote exports to compensate for damages caused by the effects of COVID-19 and saline intrusion. The province’s Agriculture Department has been asked to prepare for the summer – autumn and autumn – winter […]


SMEs urged to have deep understanding on EVFTA

  Experts discussed ways to help small-and-medium enterprises overcome challenges of EVFTA. — Photo moit HÀ NỘI — The EU – Việt Nam Free Trade Agreement (EVFTA) is expected to bring both opportunities and challenges for businesses, especially small-and-medium sized enterprises (SMEs). This was why SMEs should fully understand the provisions of the EVFTA. Minister […]


Foreigners allowed to own homes in 22 commercial housing projects

  The outside of the Terra An Hưng – Hà Đông project in late April, one of the 22 commerical housing projects which foreign buyers are allowed to purchase. Photo theterraanhung.com.vn  HÀ NỘI — The Hà Nội Department of Construction has listed 22 commercial housing projects, some complete and some under construction,where foreigners can own […]


HCM City to organise fair to stimulate consumer demand

  The HCM City Department of Industry and Trade will organise the Consumption Stimulus Fair from July 2 to 5 this year to revive demand that has slumped due to the Covid-19 pandemic. Photo baotintuc.vn HCM CITY – The HCM City Department of Industry and Trade will for the first time in several years allow […]


Loan dues extended to fight economic downturn

  Cash notes are counted for lending. Loan dues were extended for more than 223,000 borrowers as of May 25 to help local businesses cope with COVID-19. — Photo thoibaotaichinhvietnam.vn HÀ NỘI — Financial firms extended loan dues for more than 223,000 borrowers whose outstanding loans stood at VNĐ151 trillion (US$6.49 billion) by May 25, according […]


HCM City turns attention to reviving economy

Nguyễn Thành Phong (second from left), chairman of the HCM City People’s Committee, speaks at a meeting held yesterday to review the city’s socio-economic situation in the first five months. —Photo sggp.org.vn HCM CITY — The chairman of the HCM City People’s Committee has urged agencies to have specific solutions to support enterprises as part of its effort to gradually revive business […]


Central bank plans to pilot fintech regulatory sandbox

  Search results for online lending apps. A regulatory sandbox for fintech was planned to be piloted from 2021. – Photo bizlive.vn HÀ NỘI – The State Bank of Việt Nam is planning to pilot a regulatory sandbox which would allow fintech companies to participate in providing some banking services starting from 2021. The seven sectors […]


Shares rise for third day in a row

  Steel wire products ready to be shipped abroad at the Hòa Phát Dung Quất iron and steel production complex in the central province of Quảng Ngãi. Shares of Hòa Phát Group (HPG) rose 1.7 per cent on Friday to close at VNĐ27,050. — VNA/VNS Photo Đức Dũng HÀ NỘI —  Markets gained for a third consecutive session on Friday thanks […]


Vinamilk honoured in Top 50 best listed companies, Forbes Vietnam

  The domestic market plays an important role in Vinamilk’s development strategy. HÀ NỘI — Vietnam Dairy Products Joint Stock Company (Vinamilk) was honoured in the list of ‘Top 50 best listed companies’ by Forbes Vietnam Magazine. Vinamilk is the only nutrition business of Việt Nam named on the list. This is the 8th time […]


PXP Asset Management to sell investment funds

  The total net asset value (NAV) of the two funds was US$85.1 million on June 4. — Photo cafef.vn HÀ NỘI — PXP Vietnam Asset Management has said it would close two funds and transfer them for US$85 million. The two funds are PXP Vietnam Emerging Equity Fund (PXP VEEF) and PXP Vietnam Smaller Companies […]