The State Bank of Việt Nam on Monday set the daily reference exchange rate at VNĐ23,259 per dollar. — VNA/VNS Photo  HÀ NỘI — The US dollar listed at commercial banks has so far this year gained 1.67 per cent against the Vietnamese đồng due to a rise in the global market, but supply and demand for the […]

  Solar panels installed on the roof of a seafood processing factory in the Mekong Delta. — Photo evn.vn HÀ NỘI — Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Việt Nam, according to industry insiders. As the […]

  Seafood processed at Sài Gòn Food JSC in HCM City is exported to overseas markets such as Japan and Europe. Vietnamese firms are urged to accept rising opportunity costs to get the fastest access to European consumers once the trade pact EVFTA takes effect in May. VNA/VNS Photo An Hiếu HÀ NỘI – Policies […]

  Việt Nam has decided to impose temporary anti-dumping duty on biaxially oriented polypropylene (BOPP) originating from China, Thailand and Malaysia. – Photo thegioitiepthi.vn HÀ NỘI – Việt Nam is increasing the application of trade defence instruments to protect the legitimate rights of domestic producers as the country integrates rapidly into the global economy. The Ministry […]

A man works in the steel pipe factory of Hòa Phát Group JSC (HPG). HPG hit the price floor of VNĐ17,300 on Monday. — VNA/VNS Photo Ngọc Hà HÀ NỘI — Vietnamese shares nosedived on Monday as fears over the COVID-19 pandemic sweeping the globe overshadowed nations’ stimulus measures to calm markets. The benchmark VN-Index on […]

Cienco4 Tower. Construction sector is also affected by COVID-19. — Photo tinnhanhchungkhoan.vn HÀ NỘI — The increasing number of COVID-19 patients in Việt Nam has affected the economy, including the construction sector. Lê Đức Thọ, deputy general director of Civil Engineering Construction Corporation No 4 (Cienco4) said like many other businesses in the country, Cienco4 was […]

  Việt Nam has extended safeguard measures for steel products until 2023. Photo trav.gov.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT) has extended safeguard measures for steel billet and steel bars imported to Việt Nam until March 21, 2023, said the Trade Remedies Authority of Việt Nam. According to Decision 918/QĐ-BCT issued on Friday, […]

  A hi-tech ready-built factory for rent is built at Đà Nẵng Hi-Tech Park. The factory is available for lease at the park. Photo courtesy of Long Hậu company ĐÀ NẴNG — Two investment projects worth US$216 million at the Đà Nẵng Hi-Tech Park will be put into operation on the occasion of the city’s […]

  Businesses with products and services selected the Việt Nam Value at the ceremony in 2018. — Photo congluan HÀ NỘI — The Ministry of Industry and Trade (MoIT) will organise a ceremony to recognise national brands in the fourth quarter of 2020. MoIT said it will co-ordinate with relevant agencies to conduct the 7th […]

    Spit-shielding hats are sold at a street vending stall in  HCM City. — Photo cafef HÀ NỘI — People are rushing to buy special spit-shielding hats that contain a full face clear mask, thinking they will help fight COVID-19. But one doctor has hit out, saying the hats are of little use preventing the […]

  Inside a retail store of Mobile World Corporation in the northern province of Phú Thọ. The company recorded two-month profit after tax of VNĐ845 billion (US$36.2 million), up 16 per cent year-on-year. — VNS Photo Đoàn Tùng HÀ NỘI — Mobile World Corporation (MWG), one of the biggest mobile phone and accessory retailers in Việt […]

Workers at Việt – Trung Mining and Metallurgy Co Ltd produce steel billets.  — Photo tapchicongthuong.vn HÀ NỘI — Many businesses are struggling from a lack of raw materials and falling exports due to the impacts of the global pandemic COVID-19. The Ministry of Industry and Trade said the pandemic had had a strong impact on industrial production. The […]

  At the annual General Meeting of Shareholders on Friday, PVI’s Board of Directors said the global economy is negatively affected by the COVID-19 pandemic, and that the company would take all measures to reduce costs and minimise the damage caused by the disease. — Photo pvi.com.vn HÀ NỘI — PetroVietnam Insurance Corp (PVI), an affiliate of […]

  MoIT’s public services portal at https://dichvucong.moit.gov.vn/ — VNS Photo HÀ NỘI — More than 31,000 businesses have signed up to use a portal that provides public services online, according to the Vietnam e-Commerce and Digital Economy Agency under the Ministry of Trade and Industry (MoIT). By the end of last year, the portal processed and handled […]

  The power grid in Quảng Nam Province. There would be no increases in electricity prices this year. – VNA/VNS Photo Ngọc Hà HÀ NỘI — There are no plans to increase electricity prices this year, according to the Electricity Regulatory Authority of Việt Nam. At a recent meeting of the Ministry of Industry and Trade […]

  Over the years, Cần Thơ has invested strongly in the infrastructure system, especially the transport infrastructure to better facilitate investors. — Photo baocantho.vn CẦN THƠ — The Mekong Delta City of Cần Thơ hopes to attract about US$450 million in foreign direct investment (FDI) in 2021-30, according to a plan recently approved by the municipal People’s Committee. […]

  A Vietjet cabin crew. — Photo courtesy of Vietjet  HÀ NỘI — Budget airline Vietjet is offering free COVID-19 insurance to all passengers flying on its domestic flights from Monday to June 30. SKY COVID CARE offers coverage ranging from VNĐ20 million (US$860) to VNĐ200 million ($8,600) for all passengers regardless of nationality and age. Passengers are eligible […]

Decree No.101 allows payment service providers, including foreign ones, to freely raise capital to develop their business.— Photo bizlive.vn The State Bank of Việt Nam has said it will not cap foreign ownership of companies in the payment services industry in its draft decree to replace Decree No.101. It had spoken about plans to bring […]

  An AirBnB host offers his place in Hà Nội for long term rental. — From the group Facebook HÀ NỘI — There are many problems associated with COVID-19, but one major issue caused by the global pandemic is its virtual destruction of the travel industry. Tourists simply stopped coming, and now Việt Nam has completely […]

  A Sabeco’s brewery plant in the central province of Quảng Ngãi. The company shares have lost a total of 45 per cent in the last seven weeks. — Photo baoquangngai.vn HÀ NỘI — Though Vietnamese shares have lost a lot in the past seven weeks, analysts and securities firms are unsure if it is now the […]