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HDBank profit up 25.3 per cent in 2019, non-performing loans under 1%

  Inside an HDBank’s transaction office in HCM City. HDBank reports a pre-tax profit of VNĐ5.018 trillion ($215.45 million), a year-on-year increase of 25.3 per cent, and non-performing loans under 1 per cent in 2019. — Photo courtesy of the bank HCM CITY — The HCM City Development Joint Stock Commercial Bank (HOSE: HDB) has […]


Việt Nam to launch national promotion programme

  Consumers shop at a BigC supermarket in Hà Nội. A nationwide promotion will be opened in July to enhance purchasing power in the country. — Photo tieudung.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT) will organise the National Promotion Programme 2020 from July 1 to 31 nationwide. MoIT suggested businesses of all […]


Ministry to ensure supply of goods during COVID-19 pandemic

  Vegetables on shelves of a VInmart store in Hà Nội. There will be no shortage of essential goods during the coronavirus outbreak, according to the Ministry of Industry and Trade. VNA/VNS Photo Thành Đạt HÀ NỘI – Minister of Industry and Trade Trần Tuấn Anh said that the ministry would act to ensure supply […]


Firms affected by COVID-19 to receive support

  Customers at a suppermarket in HCM City. — Photo sggp.org.vn HCM CITY — Preferential policies related to corporate income tax, value-added tax and personal income tax are among the drastic measures that are being taken to help businesses stay afloat through the  COVID-19 outbreak, economic experts and businesses in HCM City have said. Other policies include cutting in […]


State capital commission to work with struggling mega-projects

  324 million-dollar Đình Vũ Polyester Fibre Plant in the northern port city of Hải Phòng, one of the 12 struggling mega-projects under the Ministry of Trade and Industry. — VNA Photo HÀ NỘI — The Commission for the Management of State Capital at Enterprises (CMSC) must continue to support managers of 12 struggling mega-projects under the Ministry of Trade […]


HoREA propose extension of VAT and land rent payment for businesses

  The HCM City Real Estate Association has asked the Government for a five-month moratorium on value-added tax and land-use fee payments saying the COVID-19 outbreak has badly hit the property industry. — VNS Photo Văn Châu HCM CITY — The HCM City Real Estate Association (HoREA) has urged the Government to add the property industry […]


Finance ministry aims to soothe market’s coronavirus woes

  A stock auction at Hà Nội Stock Exchange. The Ministry of Finance has issued a new circular guiding the reduction and exemption for 15 types of securities-related services. — VNA/VNS Photo Tuấn Anh HÀ NỘI — The Ministry of Finance (MoF) has stepped in to support the local stock market, which has been hard-hit by the […]


Stocks hammered by foreign capital outflow

  Brokers work at BIDV Securities Corp. Vietnamese shares were hammered again on Thursday as foreign capital kept flowing out while worries about the global economy persisted. — VNS Photo Trương Vị HÀ NỘI — Vietnamese shares retreated on Thursday as foreign investors maintained net-selling amid concerns over the coronavirus-hit global economy. The benchmark VN-Index on […]


Vietnam Airlines suspends all two-way international flights until April 30

Việt Nam racks up $900m trade surplus by mid-March amid COVID-19 epidemic Coach Park takes Vietnamese lessons during COVID-19 pandemic Stricter measures in response to COVID-19 Finance ministry to reduce some securities service fees Vietnamese products to join forces with large retailers, e-commerce platforms   A corner of Nội Bài International Airport. Vietnam Airlines is […]


Lạng Sơn suggests permitting local workers to unload goods at China border

  Transporting goods to border gates. As of Wednesday, the border gates still had more than 1,000 trucks of goods waiting to be exported from Việt Nam to China. Photo laodong.vn HÀ NỘI – Lạng Sơn Province has proposed to the Ministry of Industry and Trade to permit Vietnamese workers to load and unload exported […]


Việt Nam racks up $900m trade surplus by mid-March amid COVID-19 epidemic

  Hải Phòng Port in the northern city of Hải Phòng. From the beginning of this year to mid-March, Việt Nam posted a trade surplus of nearly $2.74 billion. Photo enternews.vn HÀ NỘI — Việt Nam recorded a trade surplus of US$900 million during the first half of March, resulting in a nearly $2.74 billion trade surplus […]


PVN estimates billions of dollars in lost revenue as oil prices crash

  An oil field of Vietnam Oil and Gas Group, Rock-bottom oil prices were hitting the group hard. – Photo pvn.vn HÀ NỘI – Vietnam Oil and Gas Group, known as Petrovietnam, estimated a loss worth up to US$3 billion in revenue this year if crude oil prices remained at rock-bottom levels of $30-35 per barrel […]


Finance ministry to reduce some securities service fees

Stricter measures in response to COVID-19 Vietnamese products to join forces with large retailers, e-commerce platforms Fighting coronavirus but still smiling at foreigners Banking sector to support businesses in trying times Eight more COVID-19 patients confirmed in biggest daily jump, total reaches 76   Investors on the HCM Stock Exchange (HOSE) in HCM City. Fees […]


MoIT issues requirements for consultants of SMEs

  Consultant networks are where SMEs can seek free support and information to boost their business in Việt Nam. — Photo luatvietnam HÀ NỘI — The Ministry of Industry and Trade (MoIT) issued requirements for individuals and organisations who wish to join the network of consultants for small and medium-sized enterprises (SMEs). According to Decision No 842 /QD-BCT, […]


LienVietPostBank raises its charter capital to nearly VNĐ10 trillion

  A brach of LienVietPostBank. The bank has raised its charter capital from more than VNĐ8.88 trillion (US$383.8 million) to nearly VNĐ9.77 trillion. —  Photo LienVietPostBank HÀ NỘI — LienVietPostBank has raised its charter capital from more than VNĐ8.88 trillion (US$383.8 million) to nearly VNĐ9.77 trillion. Accordingly, the bank issued nearly 82.5 million dividend stocks and about […]


Vietnam Airlines suspends flights between Viet Nam and Russia, Taiwan

  Vietnam Airlines suspends flights between Việt Nam and Russia and China’s Taiwan due to the spread of COVID-19 from March 19. — Photo Vietnam Airlines HÀ NỘI — The national carrier Vietnam Airlines has suspended flights between Việt Nam and Russia and Taiwan (China) from March 19 due to the evolving COVID-19 pandemic and […]


Vietnamese products to join forces with large retailers, e-commerce platforms

Finance ministry to reduce some securities service fees Fighting coronavirus but still smiling at foreigners Banking sector to support businesses in trying times Eight more COVID-19 patients confirmed in biggest daily jump, total reaches 76 Discrimination against foreign tourists would be punished: Government leader   Customers shop for Vietnamese products at a supermarket in Singapore. — Photo […]


Ministry eases land issues to boost SOEs’ equitisation

A cement production line at Việt Nam Cement Industry Corporation. The company is among 93 SOEs must undergo equitisation in 2020. — Photo cafef.vn HÀ NỘI — As issues related to land use rights still hinder State-owned enterprises from executing equitisation on time, the finance ministry has built a draft to amend the current decree […]


Banking sector to support businesses in trying times

Eight more COVID-19 patients confirmed in biggest daily jump, total reaches 76 Discrimination against foreign tourists would be punished: Government leader Nearly 7,000 Vietnamese from European and ASEAN countries returning to Việt Nam on Wednesday Creative hospital staff pitch in with innovations in Covid-19 fight Lai Châu Province closes two tourist attractions   Director General […]


VN stocks head up amid strong foreign selling

  Investors monitor share movement at Saigon Securities Company in Hà Nội. VNS Photo Đoàn Tùng HÀ NỘI – Vietnamese shares struggled to stay positive on Wednesday despite the prolonged foreign capital outflow amid worries about the coronavirus pandemic. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.25 per cent to end at 747.66 […]