Engineers work at Dung Quất Oil Refinery of Bình Sơn Refining and Petrochemical Corporation (UPCoM: BSR). The company in the first quarter of the year posted a loss of nearly VNĐ2.35 trillion due to oil prices’ slump. VNA/VNS Photo Huy Hùng HÀ NỘI — Bình Sơn Refining and Petrochemical Corporation (BSR) has filed for […]
A branch of the HCM City Development Joint Stock Commercial Bank (HDB). HDB hit the upper limit of 7 per cent in trading on Wednesday, closing at VNĐ28,500 per share. — Photo courtesy of HDBank HÀ NỘI — Vietnamese shares tracked global markets higher on Wednesday, led by gains in banking stocks. The VN-Index at […]
The money collected from the restructuring of State-owned enterprises should go directly to the State budget instead of the Enterprise Arrangement and Development Support Fund, according to the Ministry of Finance. — Photo thoibaotaichinhvietnam.vn HÀ NỘI — The Ministry of Finance has proposed the collection from the restructuring of State-owned enterprises (SOEs) to go directly to the State […]
Lotus – a social network developed by a Vietnamese company. The country is to have 60 per cent of Vietnamese people using social networks developed by local providers by 2025, gradually reducing dependency on foreign ones. — Photo egov.chinhphu.vn HÀ NỘI — Việt Nam targets to have 10 localities with revenue of more than […]
Some Vietnamese e-wallets. — Photo atpcare.vn HÀ NỘI — Deputy Governor of the State Bank of Việt Nam Đào Minh Tú has said July 7 is the deadline for e-wallet owners to complete the identity verification. The deputy governor gave this information at a Government press conference on Tuesday evening. Article 9 of the Circular 23/2019/TT-NHNN […]
The Imexpharm head office in Cao Lãnh City, Đồng Tháp Province. — Photo baodautu.vn HÀ NỘI — South Korean conglomerate SK Group’s investment arm has acquired nearly a 25 per cent stake in pharmaceutical firm Imexpharm JSC. SK Investment Vina III, the investment arm of SK Group, purchased 12.32 million Imexpharm shares on May […]
A client registers for Indochina Telecom Co’s service. — Photo vneconomy.vn HÀ NỘI — The Authority of Telecommunications under the Ministry of Information and Communications (MIC) revealed on Tuesday that a second mobile virtual network operator (MVNO) will soon debut in Việt Nam. The seventh telecom provider in the country will be launched with a new prefix […]
Dang Tuyet Dung, Visa Country Manager for Vietnam and Laos Cashless payments in Việt Nam is now strongly development. Đặng Tuyết Dung, Visa Country Manager for Việt Nam and Laos,speaks about the trend and the benefits cashless payments bring to merchants and consumers. What is the status of non-cashpayments in Việt Nam now? Digital […]
Vinfast automobile factory. The Government’s moves to offer a zero import tax rate on automobile components were expected to help lower prices of domestically-produced cars. – Photo kinhtenongthon.vn HÀ NỘI – The Government’s decision to offer a zero-import tax rate on automobile components opens significant opportunities for the local industry to lower prices, enhance competitiveness and […]
This year, the Việt nam Asset Management Company would promote the foundation of a debt trading platform to establish a centralised market for trading bad debts. – Photo vietnamnet.vn HÀ NỘI – The Việt Nam Asset Management Company (VAMC) targeted to settle bad debts worth totally VNĐ50 trillion (US$2.15 billion) this year. It also planned to issue […]
A view of a high-speed railway in Europe. — VNA/VNS Illustrative photo HÀ NỘI — Deputy Prime Minister Trịnh Đình Dũng has urged relevant ministries to allocate sufficient investment capital for the appraisal of the pre-feasibility study report of the North – South high-speed railway project. In the document sent by the Government Office on […]
An additional 50 basis points of interest rate cuts is expected to come in the next few months. VNA/VNS Photo HÀ NỘI — The State Bank of Việt Nam (SBV) is expected to further take monetary easing measures to support the country’s GDP growth target of above 5 per cent this year in light […]
Phan Bích Tâm, country manager of the Mobile Marketing Association for Vietnam, Myanmar and Cambodia, says that brands need to focus on innovation, keeping in mind consumers’ behavioural changes during the COVID-19 pandemic. — Photo courtesy of MMA HCM CITY — Consumer behaviour has changed greatly during the COVID-19 pandemic, opening up opportunities for businesses that can capitalise on […]
Viet Capital Bank Visa Lifestyle credit card offers monthly cash-back of up to 5 per cent. — Photo courtesy of the bank HCM CITY — Viet Capital Bank has launched a new credit card, Viet Capital Bank Visa Lifestyle, which offers monthly cash-back of up to 5 per cent. Cardholders can get back 3 […]
A Saigontourist taxi. The transport company has struggled due to inefficient business operations over the last five years. — Photo 24h.com.vn HÀ NỘI — A shareholder at Saigontourist Transport JSC has filed for bankruptcy due to struggling business operations and an increase in expenses. If approved, the company will become the third listed firm ever to […]
Vietnam Airlines has begun reopening its domestic routes nationwide since early last month. — Photo Vietnam Airlines HÀ NỘI — Vietnamese airlines have resumed most domestic flights after the country has gone almost 50 days without community transmission of the coronavirus. While international routes are still mostly stopped, opening more domestic routes is seen as […]
Hoàn Kiếm Lake, the heart of Hà Nội. The conference wishes to affirm that the city is a safe and stable destination. — VNA/VNS Photo HÀ NỘI — The “Hà Nội 2020 – Investment and Development Co-operation” conference will be held at the National Convention Centre (NCC) on June 27. The conference aims to attract domestic […]
A semi-trailer being loaded on a ship at Chu Lai Port for export to the US. THACO exports to the US another 36 semi-trailers on June 1. — Photo courtesy of THACO HCM CITY — Vietnamese multi-business group THACO on June 1 shipped to the US another 36 semi-trailers manufactured at its Special Vehicles Manufacturing Limited […]
A bioplastic production line of An Phát Holdings. The Vietnam Climate Innovation Centre is supporting local firms in technology transfer to enlarge export markets. — Photo courtesy of the company HÀ NỘI — The Vietnam Climate Innovation Centre (VCIC) under the Ministry of Science and Technology (MoST) is implementing programmes to help domestic firms find strategic partners […]
There was tentative optimism among manufacturers that production would increase over the coming year, according to a survey. — Photo chinhphu.vn HÀ NỘI — The Vietnamese manufacturing sector has seen some recovery with the Manufacturing Purchasing Managers’ Index (PMI) increasing ten index points in May to 42.7 as the virus was brought under control in […]
