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Ministry urges VCCI to speed up registration of REX Code to facilitate exports

  Dragon fruits processed for export in Tiền Giang Province. The registration of REX Code for producers must be sped up to facilitate exports to the EU. – VNA/VNS Photo Nam Thái HÀ NỘI – The Ministry of Industry and Trade has urged the Việt Nam Chamber of Commerce and Industry to speed up the registration […]


Finance Ministry aims to suspend ordinary rice exports

  A corner of rice storage of Sông Hậu Food Company in the southern city of Cần Thơ. — VNA/VNS Photo Vũ Sinh HÀ NỘI — The Ministry of Finance wants the Government to suspend exports of ordinary rice to ensure national reserves are full. The ministry suggested suspending exports until June 15, with sticky rice, organic rice and […]


Digiworld enjoys bumper first quarter

  Inside a warehouse of Digiworld Corporation (HoSE: DGW). Total inventories were worth VNĐ1.45 trillion at the end of 2019. — Photo baodauthau.vn HÀ NỘI — Electronic and computing retailer Digiworld Corporation has estimated that its first-quarter revenue and post-tax profit increased 63 per cent and 80 per cent year-on-year. The figures rose to VNĐ2.24 trillion (US$96 […]


Moody’s places five VN financial institutions on review for downgrade

  The COVID-19 pandemic has caused Moody’s to place Saigon Hanoi Commercial Joint Stock Bank (SHB) on review for downgrade. — Photo vneconomy.vn HÀ NỘI — Moody’s Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade. The finance companies are VPBank Finance Company Limited […]


Cần Thơ to simplify procedures for start-ups

  Cần Thơ City plans to simplify or eliminate unimportant procedures to help start-ups and other businesses. — VNA/VNS Photo Danh Lam CẦN THƠ — Cần Thơ City is focusing on helping businesses prosper by simplifying procedures and facilitating start-ups. The city People’s Committee has requested departments and districts to work on a directive issued by the […]


Fashion brands offer ‘protective’ clothing

  Women’s clothes producer Format now makes face masks and supposedly protective headwear amid the pandemic. – Photo courtesy of Format   HÀ NỘI — Hit hard by the COVID-19 pandemic, domestic fashion brands and fashion shops are turning to sell protective suits and other anti-pandemic products, though it’s unclear what protection they offer if […]


Volume of cargo in Q1 grows, passengers drop

Goods are loaded at Cát Lái Port, HCM City. — VNA/VNS Photo Danh Lam HÀ NỘI — The volume of cargo passing through Vietnamese ports in the first quarter this year reached more than 159 million tonnes, up 8.4 per cent over the same period last year, reported the Việt Nam Maritime Administration (VMA). Container […]


A US$1.27 billion package offered to supports firms amid the pandemic

    Techcombank’s customers could enjoy reduction of lending rate for loans during the novel coronavirus pandemic. — Photo courtesy of Techcombank   HÀ NỘI — Techcombank on Wednesday announced a VNĐ30 trillion (US$1.27 billion) credit package to support its customers to overcome difficulties amid the COVID-19 pandemic. The package includes exemptions and reductions of lending […]


Shares gain for seven straight sessions, fueled by banking and mining stocks

    Gas bottles being filled at the PetroVietnam Gas JSC (GAS) in the southern province of Cần Thơ. GAS hit the daily limit gain of 7 per cent on Thursday. — VNA/VNS Photo Hà Thái HÀ NỘI — Vietnamese shares advanced for seven straight sessions on Thursday thanks to good performance of banking and energy […]


PVGas’ revenue down 6.6 per cent in Q1

  PetroVietnam Gas’ tanks. The company posted a 6.6 per cent year-on-year decline in total revenue during the first three months of the year. – Photo pvgas.com.vn HÀ NỘI – PetroVietnam Gas Corporation JSC (PVGas) earned VNĐ17.5 trillion (US$743.4 million) of total revenue in the first quarter of the year. The figure was down 6.6 per […]


Derivatives market trading increases in March

  The sign and logo of VPS Securities Co at one of its offices in Hà Nội. The company was the biggest derivatives broker in March. – Photo vietnambiz.vn HÀ NỘI – The derivatives market was more dynamic in March with a rising number of transactions and new accounts. Average trading volume was more than […]


ASEAN coordination needed for sustainable infrastructure projects: report

  ASEAN needs stronger coordination, skills and transparency in elevating sustainable projects to investors. VNA/VNS Photo HCM CITY — With Southeast Asia facing a funding deficit to meet its burgeoning energy and infrastructure needs, the region needs stronger coordination, skills and transparency in elevating sustainable projects to investors, according to the findings of a report by […]


Vinhomes launches online real estate transaction floor

    An image of Vinhomes Ocean Park in Hà Nội’s Gia Lâm District. — Photo Vinhomes   HÀ NỘI — Vinhomes Joint Stock Company launched its online real estate trading floor today, connecting investors with customers through computer screens or smartphones. Customers and now buy homes at online.vinhomes.vn. With the motto ‘Stay home – Buy home’, […]


Record number of businesses stop operations in Q1

  If wages are fully paid, most garment businesses would run out of capital within the next three months. — VNA/VNS Photo Phạm Khánh     HÀ NỘI — The number of businesses which stopped operation in Viet Nam hit a record number of nearly 35,000 in the first quarter of this year, according to the Việt […]


Hà Nội condominium market sputters: CBRE

  New launch supply in the first quarter was limited at about 1,600 units, a reduction of 86 per cent year on year. Photo zing news   HÀ NỘI – Hà Nội’s property market in the first quarter this year saw a low level of new launch supply in the condominium segment due to COVID-19 […]


Wood processing firms hit hard by COVID-19 crisis

  At a wood processing factory in Đồng Nai. The wood processing industry has encountered difficulties due to the impact of the Covid-19 pandemic. — Photo Đồng Nai newspaper HCM CITY — Vietnamese wood processing firms have reduced production or suspended operations as most of the major importing countries for their products face hardships because of the COVID-19 […]


FPT to pay cash dividend for 2020 at rate of 20%

An FPT leader in HCM City joins its annual shareholder meeting online. — Photo courtesy of FPT HÀ NỘI — FPT Corporation will pay a cash dividend for 2020 at a rate of 20 per cent, the corporation announced at the annual shareholders meeting on Wednesday. It paid a dividend in cash and shares with […]


Fitch revises outlook on Việt Nam to Stable; affirms at ‘BB’

  The COVID-19 pandemic has adversely affected Việt Nam’s exports. — Photo vov.vn HÀ NỘI — Fitch Ratings has revised the outlook on Việt Nam’s long-term foreign-currency issuer default rating (IDR) to stable, from positive, and has affirmed the rating at ‘BB’. “The outlook revision reflects the impact of the escalating COVID-19 pandemic on Việt Nam’s […]


PM approves decree on postponement of tax and land use fee payments

  Stores on Lương Văn Can Street, Hà Nội half close their doors, only serve take-aways or online orders due to the impact of COVID-19. Businesses now enjoy a five-month extension for tax and land use fee payments. — VNA/VNS Photo Ngọc Hà HÀ NỘI — Prime Minister Nguyễn Xuân Phúc on Wednesday approved Decree No 41/2020/NĐ-CP […]


Fund for tourism development launched in Đà Nẵng

  The Cầu Vàng (Golden Bridge) – one of the most famous destinations for tourists in Đà Nẵng. Photo baotintuc.vn     ĐÀ NẴNG The People’s Committee of Đà Nẵng has approved the establishment of the Đà Nẵng Tourism Promotion Fund (DTPF) with initial charter capital of VNĐ1.6 billion (nearly US$70,000). The non-profit fund aims […]