Economic ministers and participants line up for a photo session at the 26th ASEAN Economic Ministers (AEM) Retreat and the ASEAN Business Advisory Council (ASEAN-BAC) Consultation Meeting in Đà Nẵng on Tuesday. — VNS Photo Công Thành ĐÀ NẴNG — Việt Nam’s 12 priorities as ASEAN Chair in 2020 were approved by other member countries […]
The safeguard duty extension has been made after reviewing and evaluating the impacts of imported fertilisers on the local fertiliser production. Photo ndh.vn HÀ NỘI The Ministry of Industry and Trade (MoIT) has decided to extend the imposition of safeguard measures on several imported fertilisers for the next two years. According to a recent […]
Stairs of Đà Lạt Market – a popular destination for visitors has been deserted recently. Việt Nam’s tourism sector has faced difficulties due to the COVID-19 epidemic. — Photo nld.com.vn HÀ NỘI — The Việt Nam Tourism Advisory Board (TAB) has proposed to half value added tax for the tourism sector from 10 per cent to 5 per cent […]
Service staff check a Vìnfast car in Hà Nọi. VinFast Trading and Production LLC has opened 18 service centres across the country in March. — Photo cafef. HÀ NỘI — VinFast Trading and Production LLC, a subsidiary of Vietnamese conglomerate Vingroup, opened 18 service centres at Vincom centres across the country on March 8. The firm has […]
Vsmart surpasses Apple in sales through traditional retail channels in Việt Nam for the first time. — Photo cafef HÀ NỘI — Phones made by local manufacturer Vsmart have surpassed those of US giant Apple, in terms of retail revenue in the Vietnamese market in January. According to the latest statistics from GfK, Germany’s largest […]
Foreign investors have net sold a total of VNĐ3.4 trillion (US$147.7 million) in the last 20 trading days. Photo saigondautu.com.vn HÀ NỘI — Foreign investors have net sold a total of VNĐ3.4 trillion (US$147.7 million) in the last 20 trading days. Net foreign selling was attributed to worries about the downtrend of the global economy amid […]
The Marina Tower project of Property developer LDG Investment JSC in HCM City. — Photo LDG HÀ NỘI — Property developer LDG Investment JSC hopes its total revenue in 2020 will jump 3.5 times from 2019’s figure to VNĐ2.75 trillion (US$119.3 million). Post-tax profit is forecast to rise by 16 per cent year-on-year to VNĐ700 billion. […]
Women currently hold 33 per cent of senior leadership positions in Việt Nam’s mid-market companies. — Photo courtesy of Grant Thornton Vietnam HCM CITY — Việt Nam has a greater percentage of women in senior leadership positions than the global average, according to Grant Thornton’s International Business Report. In Việt Nam’s mid-market companies, women […]
All government bonds were sold successfully last week, raising more than US$216.6 million for the State budget. — Photo hanoimoi.com.vn HÀ NỘI — The State Treasury of Việt Nam last week raised VNĐ5 trillion (US$216.6 million) through bond sales with interest rates losing 11-37 basis points per annum over four terms. The treasury offered VNĐ500 billion worth of […]
PetroVietnam Gas South tanks. The company has announced it will buy the Vietnam-Thailand joint-venture for VNĐ1,000. — Photo congthuong.vn HÀ NỘI — PetroVietnam Gas South JSC (PGS) has decided to buy out Vietnam LPG Co Ltd (VT-Gas) for a mere VNĐ1,000 (US$0.043). VT-Gas was founded on February 6, 2016 as a joint-venture between PGS and the Thai oil and […]
At a supermarket in HCM City. Supermarkets in the city have increased stocks of goods to meet a sharp rise in demand. — VNS Photo Xuân Hương HCM CITY — Supermarkets in HCM City have worked with suppliers to ensure there is sufficient supply of goods at steady prices for the next two to […]
HDBank is offering low-interest loans and has waived fees on international payments for businesses that supply drugs and medical equipment. — Photo courtesy of HDBank HCM CITY — A number of commercial banks have lowered their interest rates on savings accounts by 0.1-0.4 percentage points in order to offer loans at a lower interest rate to businesses and individuals affected […]
An investor watches share prices on a computer. VN-Index saw the worst day in 19 years, nose-diving 6.28 per cent on Monday. — VNS Photo Đoàn Tùng HÀ NỘI — Việt Nam’s benchmark VN-Index plummeted 6.28 per cent on Monday, its worst daily loss in the last 19 years, to 835.49 points as investors were alarmed […]
View of BIDV’s shareholders’ meeting. — Photo BIDV HÀ NỘI — The Bank for Investment and Development of Vietnam (BIDV) has cleared all non-performing loans it had previously sold to the Việt Nam Asset Management Company (VAMC), the bank’s chairman Phan Đức Tú said. At BIDV’s shareholders’ meeting late last week, Tú also announced the […]
Ranking of Southeast Asia countries in local cyber-threats in 2018 and 2019. — Source Kaspersky HCM CITY — The number of detections of web threats in Việt Nam fell by more than 30 per cent last year compared to 2018, with 75 million different Internet-borne cyberthreats, according to Kaspersky Security Network (KSN) 2019. With 40 […]
Leaders of Kon Tum Province and VNPT at the working session. — Photo kontum.gov.vn HÀ NỘI — VNPT will build an intelligent operation centre (IOC) in the Central Highlands province of Kon Tum and expects to put it into operation in October. The IOC was built with the goal of providing comprehensive data on activities […]
HÀ NỘI — Việt Nam is forecast to lose some 0.41 per cent of GDP due to the novel coronavirus (COVID-19) outbreak, according to the latest report by the Asian Development Bank (ADB). Under ADB’s report titled “The Economic Impact of the COVID-19 Outbreak on Developing Asia” released late last week, Việt Nam’s damage […]
The city saw more than $480 million of FDI in the first two months of 2020. — VNA/VNS Photo Danh Lam HCM CITY — More than US$480 million worth of foreign direct investment (FDI) was poured into HCM City during the first two months of the year, which was equal to 47 per cent of FDI in the same period […]
Chicken processed at a plant of CP Việt Nam. – VNA/VNS Photo Vũ Sinh HÀ NỘI — The Russian Federal Service for Veterinary and Phytosanitary Surveillance (VPSS) has allowed the import of Việt Nam’s processed chicken into Russia, according to the Ministry of Agriculture and Rural Development’s Department of Animal Health on Sunday. In a letter sent […]
Gold prices go up in Viet Nam on March 9 after more positive cases of Covid-19 reported in the country. — Photo kinhtedothi HÀ NỘI — Global gold prices pushed above the US$1,700 per ounce level for the first time since late 2012 on Monday, when local gold prices also soared. As a widening coronavirus […]
