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Profits skyrocket for Vietnamese securities traders

  SSI employees consult clients. SSI estimates that the six-month pre-tax profit of four largest listed securities companies grew by 155.3 per cent from last year. — Photo ssi.com.vn HÀ NỘI — A prosperous first six months of this year for securities traders has led to many reaching their profit targets for the whole year already. Everest Securities Joint […]


VIB posts profit growth of 68% in H1

  VIB has been listed in the top efficient banks for continuous 10 quarters.  — Photo courtesy of the bank  HCM CITY — Vietnam International Bank (VIB) recorded pre-tax profit of over VNĐ3.95 trillion (US$170 million) in the first half of 2021, up 68 per cent year-on-year. VIB’s return on equity ratio (ROE) was 32.8 per cent, among […]


Enterprises provide lodging for workers to remain open

  Many businesses in HCM City are providing essential items for workers to stay back on their premises to remain open amid the lockdown. Photo: nld.com.vn HCM CITY — Many HCM City businesses have made plans to set up temporary accommodation for their workers to ensure they can continue operating amid the intense COVID-19 outbreak. According to […]


Việt Nam named among world’s top 20 host economies for FDI for the first time

  Though FDI commitments to Việt Nam declined by 2 per cent last year, Việt Nam is in the world’s top 20 host economies for foreign direct investment (FDI) for the first time. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Việt Nam was named among the world’s top 20 host economies for foreign direct investment (FDI) for the first time in […]


Discount programme on essential goods offered to people affected by COVID

  A programme with a 50-per-cent discount on essential goods has been organised to help people living in difficulties. — VNS Photo HCM CITY — Yeah1 and Central Committee of Hồ Chí Minh Communist Youth Union have jointly launched a programme offering consumers a discount of 50 per cent on necessary products. The programme called “sharing love, joining hands to […]


Bank deposit interest rates not to rise too much: analysts​​​​​​​

Compiled by Thiên Lý Banking sector insiders expect deposit interest rates to only see slight changes this year. According to VnDirect Securities Company, in May small private banks hiked deposit interest rates by 3-4 per cent but not large ones. It took until June for the race to begin in earnest and the rest to join. […]


Long An to establish six logistics centres

  Long An International Port. The Mekong Delta province is to set up six logistics centres to meet transportation, and export and import demands. — VNA/VNS Photo Bùi Giang LONG AN — The Mekong Delta province of Long An plans to set up six logistics centres to meet transportation, and export and import demands, according to the provincial […]


Shares to move sideways with low liquidity

  The current bottom-fishing demand is still weak, so it was likely that the VN-Index will continue to move sideways with low liquidity. Photo: tinnhanhchungkhoan.vn HÀ NỘI — The market will continue to move sideways this week with low liquidity to gradually form a strong enough accumulation base before returning to the uptrend, analysts said. The […]


AEON eyes exporting Vietnamese longan to Asian markets

  Farmers harvest longans in Hưng Yên Province. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Japanese-based retail giant AEON is planning to use its commercial network to export Vietnamese longan to neighbouring Asian nations, according to Yuichiro Shiotani, General Director of the AEON TOPVALU Vietnam Co Ltd. Shiotani said the group wants to promote the fruit, […]


Phú Quốc expects to welcome foreign visitors with vaccine passports by October

   Phú Quốc is one of the most popular tourism destinations in Việt Nam. Photo nld.com.vn HCM CITY — Phú Quốc Island in Kiên Giang Province expects to welcome international visitors with vaccine passports beginning in October.  The Ministry of Culture, Sports and Tourism has proposed opening Phú Quốc Island to international visitors with vaccine passports […]


City faces severe shortage of vegetables, eggs

  Customers shop at a supermarket in HCM City. Vegetables and eggs are in short supply in HCM City due to the supply disruption caused by COVID-19. — VNS Photo HCM CITY — Vegetables and eggs are in short supply in HCM City due to disruptions in supply chains caused by COVID-19. The city needs […]


SBV allows banks to expand credit room

A branch of Agribank. — Photo dantri.com.vn HÀ NỘI — The State Bank of Việt Nam (SBV) has officially approved credit room extensions for some banks in line with fulfilling the Government’s policy of both managing the fight against the pandemic and continued economic development. Instead of the 10-12 per cent allowed under the most […]


Live streamers compelled to register with MIC if new draft decree adopted

Sellers livestream on social networks. — Photo thanhnien.vn HÀ NỘI — The Ministry of Information and Communications has proposed that only licensed social networking sites and accounts should be allowed to livestream to generate revenue. The ministry is currently seeking comments on the draft decree on amending and supplementing Government Decree 72 on the management, […]


Ministry warns investors to be cautious when buying corporate bonds

When issuing corporate bonds, enterprises must comply with the provisions of law, disclose information to investors about their financial situation, production and business plans and financial statements. Photo vov.vn HÀ NỘI — To ensure transparency and reduce risks in the bond market, the Ministry of Finance (MoF) has asked corporate bond issuers to consider the feasibility of production […]



Market edges higher, VN-Index heads toward 1,300 points

A worker packaging ore at Núi Pháo mineral factory of Masan High-Tech Materials, a subsidiary of Masan Group (MSN). The MSN shares jumped 4.78 per cent yesterday. VNS/VNA Photo HÀ NỘI — Shares closed higher on the last trading day of the week with the market benchmark hovering just below the important level of 1,300 points. […]


PM approves new domestic trade strategy

  Shoppers at Aeon Long Biên Supermarket in Hà Nội. — VNA/VNS Photo Trần Việt  HÀ NỘI — Domestic trade is expected to contribute 15-15.5 per cent of the national GDP by 2030 according to a strategy approved by the Prime Minister Phạm Minh Chính this week. Under the strategy, Việt Nam expects to set up sustainable […]


Vietnamese top list of most online shoppers in SEA

  In the past two years, Việt Nam saw an increase in online purchasing of local consumers and businesses. — Photo courtesy of IDEA HÀ NỘI — Việt Nam has the highest number of people shopping on e-commerce platforms in the Southeast Asia region with some 49.3 million people, according to the E-commerce White Book […]



Việt Nam is ‘promised land’ for digital banking

  Customers use mobile banking on phones. Việt Nam has many potentials to develop digital banks. — VNS Photo HCM CITY — Việt Nam is among the regional countries that are seeing new digital bank models, experts have said. A recent report by Boston Consulting Group on digital banking in the Asia-Pacific listed various factors that make Southeast Asia and […]