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Sài Gòn Hi-tech Park creates silver nano compound for hand sanitiser 

  Sài Gòn Hi-tech Park on May 20 signed an agreement with Pomax Joint Stock Company to provide a silver nano compound to produce a dry hand-sanitiser gel. — VNA/VNS Photo Tiến Lực HCM CITY — Sài Gòn Hi-tech Park on May 20 signed an agreement with Pomax Joint Stock Company to provide a silver nano compound to be […]


Việt Nam meat imports surge in first four months

  In the first four months of the year Việt Nam imported around $1.36 billion worth of meat and meat products. — Photo vietnambiz.vn HCM CITY — Việt Nam has imported US$1.36 billion worth of meat and meat products in the first four months of the year, a 17.6 per cent year-on-year increase. Australia, India, the US, […]


Temporarily halting petrol and oil imports must be considered carefully: ministry

  Dung Quất Refinery. Careful consideration would be given to the proposal of temporarily halting the import of petrol and oil, according to the Ministry of Industry and Trade. —VNA/VNS Photo  HÀ NỘI — The proposal of temporarily halting the import of petrol and oil must be carefully considered to ensure national energy security and harmonise […]


Credit growth forecast to slow to 9-10% in 2020

  If consumption demands are still limited, firms will not borrow even if interest rates are low. — Photo bizlive.vn HÀ NỘI — Credit growth would likely reach only 9-10 per cent this year against 13 per cent last year even if the country’s infrastructure investment was good, experts forecast. The growth rate would be […]


Decisive reforms needed for Việt Nam to see full benefits of EVFTA, WB report

  World Bank Country Director for Việt Nam Ousmane Dione speaks at the meeting to announce the report entitled “Việt Nam: Deepening International Integration and Implementing the EVFTA”. — VNA/VNS Photo HÀ NỘI — Việt Nam needs to fill major legal gaps and address key issues to reap the full benefits of the European Union […]


Mobile World Investment Corp to lower profit target by 30 per cent

  A Thế Giới Di Động store in Bình Thuận Province. The company plans to adjust down revenue by 10 per cent and net profit  by 30 per cent this year. — Photo thegioididong.com HÀ NỘI — Mobile World Investment Corporation (MWG) is seeking its shareholders’ approval on plans to adjust down both revenues and net […]


Exporters urged to accelerate REX registration

  Cashew exports to the EU. Local exporters should register the REX code to enjoy preferential tariffs. — Photo cafef.vn HÀ NỘI — The Import-Export Department under the Ministry of Industry and Trade has urged local exporters shipping to the EU, Norway and Switzerland to register for REX as soon as possible. REX, or registered exporter […]


Transferring solar projects to foreign investors ‘normal’: MoIT

  As of May 11, Việt Nam had 92 solar power projects in commercial operation. photo baodautu.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT) has said that transferring all or part of a solar power project was normal according to market rules and the Investment Law. The MoIT was responding after concerns were raised that many solar power […]


Controversy around the abolishment on petrol price stabilisation fund

  Authorities wants to maintain the petrol price stabilisation fund while businesses proposed to abolish to suit with the current situation. — Photo hiephoixangdau.org HÀ NỘI — Authorities want to maintain the petrol price stabilisation fund as a tool to keep retail prices stable and give them the ability to intervene in the market when necessary. […]


HCM City seeks to speed up tardy public spending

  HCM City is pushing for faster disbursement of funds at public works this year. — VNA/VNS Photo Hoàng Hải  HCM CITY — HCM City is seeking to speed up public spending after many projects reported delays this year. A report tabled at a recent meeting showed that only 10.3 per cent of the funds earmarked […]


EVNGENCO 2 valued at $2 billion, IPO expected in December

  Ô Môn Thermal Power Plant, managed by EVNGENCO 2. The company is expected to conduct an IPO in December this year. — Photo tapchicongthuong.vn HÀ NỘI — The value of the Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of Vietnam Electricity, has been determined at VNĐ46.1 trillion (US$2 billion) as of January 1, 2019, […]



More procedures to go online: minister

A screengrab of National Public Service Portal. The portal has introduced a dedicated section for support to COVID-19 affected citizens and businesses since May 12. — VNS File Photo   HÀ NỘI — The Government of Việt Nam wants the business community to provide feedback and input to help improve the National Public Service Portal, heard […]


Vingroup introduces VinHR solution to improve labour productivity

  VinHR solution is expected to increase productivity by up to 25 per cent. — Photo Vingroup HÀ NỘI — Vantix Solution and Technology Service JSC, an affiliate of Vingroup, on Tuesday announced it will introduce VinHR to improve labour productivity. VinHR is a management solution capable of increasing the production abilities of unskilled workers […]


Australia to impose new regulations on prawn imports

  Prawn exports to Australia will have to be properly deveined under new bio-security regulations from July 1. – VNA Photo Vũ Sinh   HCM CITY – Prawn and uncooked prawn products for human consumption exported to Australia will have to follow new regulations from the Australian Department of Agriculture, Water and the Environment from July 1, according to the […]


Five-star hotel opens in Hải Phòng

  The hotel – the first of its kind on Cát Bà Island – will contribute to turning Cát Bà into a world-class marine eco-tourism area. — Photo vtc.vn HẢI PHÒNG A five-star hotel opened in the northern port city of Hải Phòng on Monday. Financed by the city-located Trường Bình Minh JSC, the M’Gallery Cát Bà Hotel has a total investment capital of more […]


Thaco eyes increase in exports of auto accessories

  An assembly line for auto seats at Autocom’s plant in the Thaco Chu Lai Industrial Zone in Quảng Nam. — Photo courtesy of Thaco  HCM CITY — Thaco Auto Seat Plant (Autocom) is expected to earn US$10.5 million from exports this year, up from $6.2 million last year. The 12,000sq.m Autocom in the Thaco Chu […]


Shares advance on vaccine trial success

  A customer performs a transaction at a Vietinbank branch in Hà Nội. Shares of Vietinbank (CTG) rose 4.4 per cent on Wednesday. — Photo cafef.vn HÀ NỘI — Vietnamese shares advanced on Tuesday in line with world stocks thanks to optimism for a global economic recovery after a successful experiment for a coronavirus vaccine. The […]


Plastic firm sees slight revenue growth in 2020

  A booth displaying Tiền Phong Plastic products. The company expects profit in 2020 will fall slightly to VND470 billion. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Tiền Phong Plastic JSC (HNX: NTP) is aiming for revenue growth of 6.25 per cent in 2020 to VNĐ5.1 trillion (US$221 million). Post-tax profits are projected to fall slightly by 0.25 per cent to […]


UPCoM firms suspended for failing to release audited reports

  The Hà Nội Stock Exchange (HNX) has suspended 21 stocks trading on the secondary market UPCoM between May 21-25 for failing to release their audited 2019 financial reports. — Photo tinnhanhchungkhoan.vn HÀ NỘI — The Hà Nội Stock Exchange (HNX) has suspended 21 companies on the Unlisted Public Company Market (UPCoM) for three days over […]