The view of the Hồ Chí Minh Stock Exchange (HoSE). The local exchange-traded fund VFMVN Diamond ETF debuted on HoSE on May 12. — Photo baodautu.vn HCM CITY — The value of local exchange-traded fund VFMVN Diamond ETF has increased five-fold during its first trading week to VNĐ482.3 billion (US$20.87 million). The ETF debuted on […]
Sapo is a multi-channel sales and management platform. — Photo sapo.vn HÀ NỘI — Sapo Technology JSC has completed its funding round and received an investment of up to seven-digit US dollars from South Korean Smilegate Investment and Vietnamese Teko Ventures. Of these, Smilegate Investment (SGI) is a private venture capital fund headquartered in South […]
HÀ NỘI — Việt Nam ranked second, following Bangladesh, in the top 10 fastest growing wealth markets from 2010 to 2019. Wealth-X revealed the ranking in its new report titled “A Decade of Wealth”. The report takes a look back at the growth of the global wealthy population over the past decade, while also forecasting the trends […]
Việt Nam Bank for Agriculture and Rural Development (Agribank) is among SOEs which must be privatised this year. The Ministry of Finance has raised a number of measures to accelerate the equitisation of SOEs. — Photo baodautu.vn HÀ NỘI — The Ministry of Finance has raised a number of measures to accelerate the equitisation of State-owned […]
An overview of Đồng Nai Port, managed by Đồng Nai Port JSC in the southern province of Đồng Nai. GEX is expected to collect VNĐ244 billion after the sale of its stake in Đồng Nai Port JSC. — Photo ndh.vn HÀ NỘI — The Board of Directors at Vietnam Electrical Equipment Joint Stock Corporation (Gelex or GEX) […]
Liquid milk production in 2019 reached over 1 million liters, up 8.32 per cent compared to 2018. — Photo tinnhanhchungkhoan.vn HÀ NỘI — VIRAC forecasts that the dairy industry prospect in 2020 will continue to grow at a high level, increase investment capital in dairy farms to reduce dependence on imported milk and to meet the […]
Workers on production line of headsets for smartphones of South Korean-invested Glonics Vietnam Co Ltd. Experts warn rising risk of domestic companies being acquired by foreigners amid COVID-19 pandemic. — VNA/VNS Photo Hoàng Nguyên HÀ NỘI — Vietnamese businesses reeling under financial stress due to the COVID-19 pandemic have become vulnerable to foreign takeovers and need […]
Gas tanks stored at PetroVietnam Gas South, a member of PetroVietnam Gas Corporation (HoSE: GAS). The company’s shares advanced 3.7 per cent on Monday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Strong gains of oil futures on Monday helped boost the Vietnamese stock market after a three-day decline. The benchmark VN-Index on the Hồ Chí Minh […]
Ground being broken for the Việt Phát Industrial Park, to be one of the largest in the country, in Long An Province on Sunday. — VNS Photo Xuân Hương LONG AN — Tân Thành Long An Investment JSC and Việt Nam Innovation Parks Management Corporation broke ground on Sunday (May 17) for the 1,800ha Việt […]
The local PFY producers have proposed to impose anti-dumping duties on PFY imports. Photo ndh.vn HÀ NỘI — The General Department of Customs has required customs departments in provinces and cities to intensify review and inspection for imports of silament and polyester filament yarns originating from China, India and Indonesia. On Sunday, the General Department of Customs […]
The earliest 5G services are set to be commercialised in mid-2020 following trials conducted through 2019. — Photo VNPT HÀ NỘI — Việt Nam’s 5G network is forecast to have a bright future with Government and regulator support while domestic manufacturing of 5G handsets could lower device costs and lend tailwinds to adoption. According […]
Assets of four large State-owned banks, including VietinBank, accounted for 41.76 per cent of the banking system’s total assets. Photo tapchitaichinh.vn HÀ NỘI — Total assets of credit institutions and foreign banks in Việt Nam by the end of the first quarter of this year inched down 0.72 per cent to VNĐ12.48 quadrillion (US$521.76 […]
A corner of Vân Đồn. The Management Board of Vân Đồn Economic Zone was founded and piloted in three years. – Photo congthuong.vn HÀ NỘI — Quảng Ninh Province late last week announced the foundation of the management board of Vân Đồn Economic Zone (EZ) which would be piloted in three years. The management board would […]
The yellow metal prices went up sharply on May 18 in Việt Nam and around the world. —Photo tinnhanhchungkhoan.vn HÀ NỘI — Domestic gold price soared to surpass VNĐ49 million (US$2,100) per tael (1.2 ounce) this morning when the global prices of the yellow metal climbed to a multi-year high. On the morning of May 18, […]
2019 was considered a successful year for Việt Nam’s footwear exports which reached US$18.3 billion, up 13 per cent year-on-year. — Photo consosukien.vn HÀ NỘI – An online trade exchange is slated to be held from May 28 to May 30 with the participation of 60 footwear importers from the US, according to the Ministry […]
Products made by start-ups on display at a start-up contest in HCM City. Vietnamese firms, especially SMEs and start-ups, should have greater financial transparency to access credit and capital, analysts said. — Photo Xuân Hương HCM CITY — Enterprises, especially small and medium-sized ones and start-ups, need to enhance financial transparency and connect with […]
HCM CITY — Cybercriminals have actively attacked small and medium businesses (SMBs) in Southeast Asia this year, according to global cybersecurity company Kaspersky. It said its anti-phishing system prevented 834,993 phishing attempts against companies with 50-250 employees, a 56 per cent increase from the same period last year. The statistics were collated from Kaspersky’s solutions […]
VPBank provided new loans worth VNĐ18 trillion for 13,000 individual and corporate borrowers as of May 4. Photo VPB HÀ NỘI – Banks are ready to seize business opportunities in the coming months as the COVID-19 pandemic has been basically controlled in Việt Nam and domestic production and business are expected to accelerate soon. Experts […]
Local guests and tourists will help the hospitality industry recover. — VNS Photo HCM CITY — Hotels need to appeal more to local corporate guests and tourists to help the hospitality sector recover, market researcher Savills has said. Mauro Gasparotti, director of Savills Hotels APAC, said that creativity would be key to generating additional revenues, and that hotels should appeal to local […]
A man works in the steel pipe factory of Hòa Phát Group JSC. The group reported post-tax profit of VNĐ2.3 trillion in Q1, up 27 per cent against last year. — VNA/VNS Photo Ngọc Hà HÀ NỘI — Listed steel companies reported positive business results in the first quarter of this year despite the impacts of […]
