Latest News in Vietnam

News



Cash to be disinfected to curb COVID-19 outbreak

  The sterilised cash must be stored for a certain period of time before returning to the market. Photo cafef.vn HÀ NỘI The State Bank of Việt Nam (SBV) has asked Vietnamese credit institutions and foreign banks’ branches in the country to disinfect cash in a bid to curb the COVID-19 outbreak. The sterilised cash […]


Sales at supermarkets surge, wet markets drop

Shoppers flood supermarkets to stock up on essentials. — Photo plo.vn HÀ NỘI — Revenue of commercial companies grew by more than 10 per cent in the first two months of this year compared to the same period last year, reported the Ministry of Industry and Trade. Due to the impact of the COVID-19 pandemic, the demand […]


Việt Nam increases pork imports to reduce price on local market: MARD

  Việt Nam will increase pork imports to meet domestic demand. — Photo vietnammoi.vn HÀ NỘI — After Việt Nam’s pork industry was hit hard by the outbreak of African Swine Flu and COVID-19, the Ministry of Agriculture and Rural Development (MARD) say they will increase pork imports to reduce prices for the domestic market. Deputy […]


Việt Nam achieves trade surplus of almost $2b in two months

  Việt Nam’s export value in the first two months rose by 8.4 per cent year on year to US$39.08 billion. Photo tapchitaichinh.vn HÀ NỘI — Việt Nam gained a trade surplus of US$1.82 billion in the first two months this year despite strong impacts of the COVID-19 pandemic, said the General Department of Customs. Specifically, […]


Gold prices fall in the market

  Customers choose gold items at a branch of DOJI Gold Firm in  Xã Đàn  Street in Hà Nội. Domestic gold prices follow the declining trend in global to fall in the market on Friday. — VNA/VNS Photo Danh Lam HÀ NỘI — Domestic gold prices fell following the declining trend in global markets on Friday. Opening this morning, the Sài […]



Central bank to cut benchmark interest rate to aid the economy

  SBV headquarters in Hà Nội. Experts expect a 0.5 percentage point benchmark rate cut. — Photo SBV  HÀ NỘI — The State Bank of Việt Nam (SBV) will soon make a decision on cutting the benchmark interest rate to support the economy amid the COVID-19 outbreak, the bank’s Deputy Governor Đào Minh Tú revealed at a meeting on […]


Vietnamese dollar billionaires’ assets drop, says Forbes

  A corner of Nội Bài International Airport. VietJet is one of the Vietnamese airlines suffering from the global COVID-19 outbreak. The carrier’s President and CEO Nguyễn Thị Phương Thảo lost $175 million according to Forbes’ statistics. — VNA/VNS Photo HÀ NỘI — The total asset value of Vietnamese dollar billionaires have dropped according to statistics from Forbes. […]


VN tech start-up incubator links up with Swiss Entrepreneurship Programme

  The Vietnamese engineering team at UpStar Labs. — Photo courtesy of KMS Technology HCM CITY — UpStar Labs, the start-up incubation and investment arm of KMS Technology, has entered into a strategic partnership with the Swiss Entrepreneurship Programme. Swiss EP will help UpStar Labs improve its incubation framework and support its product teams through […]


Vinawaco plans to sell State capital to settle Vietcombank debt

  A Vinawaco ship. The company has found a way to settle a VNĐ53.1 billion debt with the largest-valued lender Vietcombank. — Photo baodautu.vn HÀ NỘI — The Waterway Constructions JSC – Vinawaco plans to offload State shares to pay a debt owed to the country’s largest lender by market capitalisation, Vietcombank. Vinawaco borrowed VNĐ12.59 billion (US$1.15 […]


Alcohol industry calls for Government help

  The Hải Xồm – a Hà Nội popular beer franchise – closed its branch in Hoàng Quốc Việt Street in January as it was difficult to attract customers. — Photo nld.vn HÀ NỘI — The high consumption of beer in Việt Nam has previously attracted brewers to cash in. But now, the Việt Nam Beer Alcohol Beverage Association […]


PM urges business to be prepared for opportunity despite pandemic

    Prime Minister Nguyễn Xuân Phúc talks to private business in the meeting on Thursday. — Photo thoibaotaichinhvietnam.vn HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has urged private businesses in Việt Nam to be prepared and look for opportunities following news that companies in countries like China, Japan and South Korea would soon […]


No electricity price increases until the end of Q2

  Workers of the Việt Nam Electricity in HCM City are checking substations. Electricity prices would not be increased at least until the end of the second quarter. — VNA/VNS Photo Thành Chung HÀ NỘI — The Ministry of Industry and Trade has called for no increases in the electricity price until the end of the second quarter […]


Businesses asked to ensure uninterrupted activities amid COVID-19 pandemic

Corona viral – Episode 3 How to fill in health declaration forms Hà Nội to help businesses overcome impact of COVID-19 epidemic Trump suspends travel from Europe as coronavirus infections surge Tour guide in Hà Nội tests positive for SARS-CoV-2   Representatives of private corporations attend the meeting. — VNA/VNS Photo HÀ NỘI — Firms need to […]


Cargo through seaports grows despite virus

Goods loaded at Hải Phòng Port. — VNA/VNS Photo HÀ NỘI — The number of ships docking at Vietnamese seaports has fallen due to COVID-19 pandemic, but the volume of goods passing through the ports has recorded impressive growth. The number of vessels has decreased by about 15 per cent compared to the same period […]


Textile and garment firm sets higher earnings targets for 2020

  A Century Synthetic Fiber Corporation factory. The company wants to raise its total earnings in 2020 by 9-13 per cent. — Photo baodautu.vn HÀ NỘI — The Century Synthetic Fiber Corporation (HoSE: STK) is targeting a 9-13 per cent annual increase in total revenue and post-tax profit for 2020. Revenue and post-tax profit in 2020 are […]


Shares tumble over WHO declaration of COVID-19 pandemic

  Customers perform transaction at a branch of Bank For Investment and Development of Việt Nam (BID) in Hà Nội. BID hit the daily limit decline of 7 per cent on Thursday. — Photo bidv.com.vn HÀ NỘI — Shares suffered a steep fall on Thursday as investor pessimism mounted after the World Health Organisation (WHO) declared […]


Firms review annual meeting schedules under pressure of coronavirus

  A FPT Retail’s store in the outside of Hà Nội. The company has postponed its annual shareholders’ meeting on worries about the spread of virus. – Photo vietnambiz.vn HÀ NỘI – Several companies have put annual shareholders’ meetings on hold due to worries about the spread of coronavirus. FPT Digital Retail Joint Stock Company (FPT […]


MobiFone successfully tests 5G network

Workers on a base transceiver station (BTS). — Photo courtesy of MobiFone HÀ NỘI — MobiFone announced on Wednesday that it had successfully tested 5G networks in Hà Nội, HCM City, Đà Nẵng and Hải Phòng after nearly a year of preparation. During the preparation work, the company has actively worked with big 5G equipment and […]


Gold prices down in Việt Nam, up in the world

  Local gold firms rate down gold prices to attract buyers on March 11. — Cafef HÀ NỘI — Local gold firms rated their yellow metal down to attract buyers in the market where prices of gold kept falling on Thursday. In the local market, Sài Gòn Jewellery Company (SJC) listed their gold at VNĐ47.3 million (US$2,039) […]