Transactions at Techcombank. The bank continued to lead its peers with a healthy 3 per cent return on assets (ROA) for the last twelve months. — Photo courtesy of Techcombank HÀ NỘI — Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) recorded after-tax profit reached VNĐ2.5 trillion (US$106.5 million) in the first quarter of this […]

Petrovietnam Camau Fertiliser Joint Stock Company was honoured as a sustainable business last year. — Photo baochinhphu.vn HÀ NỘI — Việt Nam needs policies to promote the sustainable development of businesses after the COVID-19 pandemic ends, according to the Việt Nam Chamber of Commerce and Industry (VCCI). The VCCI’s Chairman Vũ Tiến Lộc said sustainable development was vital for businesses in the long […]

  A citizen pays tax at a Vietcombank desk in HCM CIty. — VNA/VNS Photo HCM CITY — State budget collections in HCM City in the first four months of the year were estimated at more than VNĐ117 trillion (US$5 billion), down 12.4 per cent year-on-year, the city’s Statistics Office reported. It attributed the decline to the impact of the […]

  Việt Nam’s global tourism ambitions should focus on China and short-haul trips in Asian markets, a recent survey recommends. — Photo courtesy of DAC HCM CITY — Việt Nam’s reopening of its domestic travel sector is expected to be replicated by focusing on short-haul Asian markets that will enhance its international tourism profile, according to a survey […]

  Tra fish processed at Vĩnh Hoàn JSC. The company’s after-tax profit in Q1 decreased by 51 per cent to touch VNĐ152 billion. — Photo tinnhanhchungkhoan.vn  HÀ NỘI — Fishery enterprises’ first-quarter profits were hit hard due to the negative impacts of the COVID-19 outbreak. According to the General Department of Customs, seafood export turnover […]

Frontliners on 24-hour shifts during the COVID-19 fight Man who recovered from coronavirus dies of liver cirrhosis COVID-19 figures in Việt Nam as of 6pm on May 4 One more COVID-19 case recovers in Ninh Bình Province, total at 221 Downturn in Vietnamese manufacturing sector intensifies         Võ Trí Thành* The world […]

Man who recovered from coronavirus dies of liver cirrhosis COVID-19 figures in Việt Nam as of 6pm on May 4 One more COVID-19 case recovers in Ninh Bình Province, total at 221 Four-month industrial production hits record low due to COVID-19 PM officially gives green light to export of medical face masks   Record falls […]

  An animal feed production line at Masan Nutri-Science, an affiliate of Masan Group Corporation (MSN). MSN lost 2.6 per cent on Monday. — Photo Courtesy of Masan HÀ NỘI — Vietnamese markets ended down on Monday as negative news from international markets clouded local investors’ sentiment. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange dropped […]

  Consumers shop till they drop during the Reunification Day (April 30) and Labour Day (May 1) holidays. — VNS Photo Văn Châu HCM CITY – Retail sales increased in both supermarkets and traditional markets in HCM City during the Reunification Day (April 30) and Labour Day (May 1) holidays, thanks to numerous promotions. A […]

Việt Nam ranks 12th among 66 economies. — Photo zingnews.vn HÀ NỘI — The Economist listed Việt Nam as the 12th strongest economy among 66 economies in its report on financial strength in the wake of the COVID-19 fallout. The ranking is based on four measures of financial strength, which are public debt, foreign debt and cost of borrowing and reserve […]

  Hotels, homestays, tour operators and tourism destinations in Sapa Town would reduce service prices by between 30 per cent and 60 per cent in May and June. — Photo baovanhoa.vn HÀ NỘI — The People’s Committee of Sa Pa Town, Lào Cai Province has cooperated with the Sa Pa Tourism Association and the Fansipan Cable […]

  Việt Nam’s index of industrial production in the first quarter surged 5.8 per cent year on year. Photo tapchicongthuong.vn HÀ NỘI – The Industry and Trade Ministry will promote the restructuring of industrial production sectors, especially the support industry, due to difficulties in production during the novel coronavirus (COVID-19) pandemic. The pandemic has caused local enterprises […]

  Electronics components are manufactured at 4P Limited Company in the northern province of Hưng Yên. — VNA/VNS Photo Phạm Kiên HÀ NỘI — Việt Nam’s index of industrial production (IIP) saw a modest increase of 1.8 per cent in the first four months of 2020, the lowest level over recent years, according to the General […]

  K’ Closet Fashion Joint Stock Company produces face masks. Prime Minister Nguyễn Xuân Phúc has approved the export of medical face masks without any caps on export volume. – VNA/VNS Photo Anh Tuấn HÀ NỘI  Prime Minister Nguyễn Xuân Phúc has given the green light to the export of medical face masks without any caps […]

  The State has issued new business conditions for golf course projects. Photo baodautu.vn   HÀ NỘI — The Government will be responsible for approving golf projects instead of provincial authorities. The change is stated in the Decree 52/2020/NĐ-CP on investment in construction and commercial operation of golf courses, which comes into effect on June […]

  HCM City – Trung Lương Highway running through Tân An, Long An Province. The North-South Expressway would be the focus of public investment disbursement this year. – VNA/VNS Photo Hoàng Hải HÀ NỘI – The building material sector would be among the first to benefit from the Government’s efforts to speed up disbursement of […]

Nguyễn Đức Thành, a senior advisor of VEPR, talks about combatting tax evasion. — Photo dantri.com.vn HÀ NỘI — Việt Nam faces increasing tax evasion and avoidance as policies have not kept up with reality, according to a report by Việt Nam Institute for Economic and Policy Research (VEPR) and Oxfam. Tens of thousands of businesses have […]

  E-commerce has seen a boom during COVID-19 pandemic. Photo idea.gov.vn Đặng Hoàng Hải, head of Việt Nam’s e-Commerce and Digital Economy Agency under the Ministry of Industry and Trade, talks to Vietnam News Agency about IT application in trade activities to link e-commerce with traditional commerce. E-commerce platforms have become primary transaction channels of […]

  Brian Spence Brian Spence* Amid all the gloom, it is worth remembering that the only constant in life is change and while we will awaken from the COVID-19 nightmare to a very changed world, much good could emerge. Crises tend to accelerate already existing trends and make space for the new. This one will […]

  Garment products are made by workers of Hưng Long Garment and Service JSC in the northern province of Hưng Yên. — VNA/VNS Phạm Kiên HÀ NỘI Nearly 37,600 new firms were established in Việt Nam with registered capital of a combined VNĐ445.2 trillion (US$19.1 billion) in the first four months of this year, down 13.2 per cent in number and […]