Latest News in Vietnam

News



Vietnam-based Amanotes ranks among top mobile app publishers worldwide

  Nguyen Tuan Cuong, co-founder of Amanotes HCM CITY — Amanotes, a mobile game publisher based in Việt Nam, has been ranked among the top positions worldwide in two recent major surveys of the rapidly growing global mobile market. According to App Annie, one of the most-cited mobile insights organisations, Amanotes was the number-one mobile game publisher from Southeast Asia in the last quarter […]


HCM City draws up specific policies for large firms

A social housing project in HCM City. The People’s Committee held a conference last Saturday to discuss solutions to help untie difficulties faced by firms in the real estate sector. — Photo nld.com.vn HCM CITY — HCM City plans to draw up specific policies for firms having capital of more than VNĐ100 billion (US$4.3 million) […]


Japanese businesses to invest in Việt Nam’s services and retail

  About 2,000 people line up to buy clothing products in the first Japanese Uniqlo store in Việt Nam when it first opened in HCM City last December.  — Photo cafef HÀ NỘI — Services and retail are forecast to attract a large amount of Japanese direct investment into Việt Nam this year. Takeo Nakajima, Chief […]


2 State-owned banks allowed to increase charter capital

The Government has decided to allow Vietcombank to increase their charter capital in the first quarter of this year.— Photo vietcombank Compiled by Thiên Lý The Government has decided to allow Vietcombank and Vietinbank to increase their charter capital by VNĐ10 trillion (US$434.8 million) in the first quarter of this year, Deputy Prime Minister Vương […]


Sugar stocks on the rise thank to global rising prices

    Farmers at Sơn Dương District in Tuyên Quang Province harvest sugarcane. Shares of sugar companies has gained sharply as raw sugar prices are skyrocketing on the world market. — VNA/VNS Photo Quang Đán   HÀ NỘI — Shares of sugar companies have gained sharply as raw sugar prices are skyrocketing on the world […]


Services sector to promote IT application

  Hải Phòng Port. Logistics is among the key services sectors Việt Nam will focus its resources on to develop by 2025. – Photo congluan.vn HÀ NỘI – The Prime Minister has launched an initiative to restructure the services sector using advanced technology and artificial intelligence to improve competitiveness. The project was approved by the Prime Minister on Wednesday. […]


Telecoms firms turning to digital content

Installing telecommunication infrastructure. — Photo baotintuc.vn HÀ NỘI — Telecommunications firms are turning towards developing their own digital content, the Việt Nam Telecommunications Authority (VNTA) under the Ministry of Information and Communications has said. Mobile service revenue is mainly based on traditional telecommunication services, with revenue from voice calls and SMS messages accounting for 76.6 per […]


Đồng Nai becoming housing hot spot as neighbouring HCM City runs out of land

  Many new real estate projects will be implemented in Đồng Nai this year. — VNA/VNS Photo HCM CITY — Eleven major real estate projects will be developed in Đồng Nai this year, according to the province People’s Committee. Novaland Group is working on Aqua City in Biên Hòa city’s Long Khánh Commune. Being built […]


MoIT to give fixed prices for more solar power projects

  Việt Nam has been licensing a number of solar plants to deal with grid capacity shortage. — Photo ndh.vn HÀ NỘI — The Ministry of Industry and Trade (MoIT) has called for more solar power producers in Việt Nam to enjoy fixed feed-in-tariffs (FIT) instead of a bidding mechanism. Earlier this month, the ministry was […]


Work starts on $59m wind power plant in Sóc Trăng

    Delegates attend the plant’s ground-breaking ceremony. Photo courtesy of the investor  SÓC TRĂNG — Construction of the first phase of Sóc Trăng wind power plant No 3 began in Vĩnh Châu Commune, Sóc Trăng Province on Saturday. Costing VNĐ1.36 trillion (US$59 million) and financed by BPP Vĩnh Châu Wind Power Co (BPPVC), a […]


Foreign capital keeps flowing out to weigh on VN stocks

  Stock prices displayed on VNDirect Securities Co’s platform. Vietnamese shares are forecast to keep struggling with a prolonged foreign capital outflow on fears about the coronavirus and a slowing-down economy. – Photo tinnhanhchungkhoan.vn   HÀ NỘI – Foreign investors net-sold more than VNĐ1.1 trillion (US$47.5 million) worth of local stocks last week and the […]


Vietnam Airlines, Vinpearl to boost VN-Russia tourist links

  The Nha Trang Beach in the central province of Khánh Hòa. Nha Trang is one of the most favourate tourism destinations of Russians in Việt Nam. Photo truyenhinhdulich.vn     HÀ NỘI — Vietnam Airlines and Vinpearl will team up to open eight weekly flights between Việt Nam and Russia in 2020, a representative from the national flag carrier […]


Digital platforms improve competitiveness

Speakers at the seminar discuss the application of a digital platform economy to enhance competitiveness in Việt Nam. — Photo courtesy of VEPR HÀ NỘI — Digital platforms are no longer exclusive to tech companies, and they have become increasingly popular in other sectors as they look to enhance their competitiveness. These comments were heard at […]


Ownership certificates for condotels could solve market issues: experts

    Issuance of ownership certificates for condotels will solve difficulties in the domestic hospitality market. Photo vietnammoi.vn HÀ NỘI – Experts believe the State’s issuance of ownership certificates for non-residential real estate projects will solve existing difficulties in Việt Nam’s real estate market. The Ministry of Natural Resources and Environment last week issued new guidelines about […]


Gold prices soar at home and abroad

On Friday afternoon, the price for one tael at Viet Nam’s biggest gold firm Sai Gon Jewellery Company (SJC) gold was sold at about VNĐ45.68 million (US$1,970.2), an increase of VNĐ630,000 from yesterday.— Photo thanhnien.vn HÀ NỘI — The domestic gold price soared yesterday while global prices hit a seven-year peak amid the ongoing novel coronavirus outbreak. On […]


Việt Nam will promote agricultural mechanisation: PM

  Việt Nam will promote agricultural mechanisation for sustainable development. Photo tintucmientay.vn   HÀ NỘI – Prime Minister Nguyễn Xuân Phúc has requested ministries, localities and businesses strengthen co-operation to develop agricultural mechanisation and processing of agricultural products. Speaking at an online conference with ministries, sectors and localities on promoting the development of the agricultural […]


Banks speed recruitment to meet expansion plans

    SHB has announced a plan to find candidates for 120 new positions in its transaction offices nationwide. Photo SHB HÀ NỘI Many banks have announced the recruitment of a large number of personnel to meet business expansion plans in 2020. After recruiting more than 800 staff late last year, Sài Gòn Thương Tín Joint Stock Commercial Bank […]


Train services derailed by funding chaos

  A railway worker in Thuận Bắc District, south-central Ninh Thuận Province. —VNA/VNS Photo HÀ NỘI — Viet Nam could cease to have an operating train system in less than two weeks unless a funding issue at Vietnam Railways (VNR) is resolved, an official has said. The stunning revelation came on Thursday when Vũ Anh […]


VN stocks fall as investors look for short-term profits

  A Vietinbank office. The bank shares fell 3.9 per cent on Friday. – Photo vietnamplus.vn HÀ NỘI – Vietnamese shares declined on Friday as investors looked for profits in large-caps and the banking sector. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.54 per cent to end at 933.09 points. The […]


IFC increases trade finance limits to support Vietnamese businesses amid Covid-19

  Tourists in Đà Nẵng. Tourism and associated services are among the hardest hit sectors by the Covid-19 epidemic. — VNA/VNS Photo Trần Lê Lâm HÀ NỘI – The International Finance Corporation (IFC) announced it has increased trade finance limits for Vietnamese banks to improve their capacity to cover payment risks in granting trade financing to […]