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State-owned Vinalines to divest capital from 13 firms in 2020

  A Vietnam National Shipping Lines (Vinalines) cargo ship. Vinalines plans to divest capital from 13 member companies this year. — Photo baodautu.vn HÀ NỘI — State-owned Vietnam National Shipping Lines (Vinalines) plans to divest capital from 13 member companies this year. The corporation will reduce its ownership in six businesses and divest all of […]


Ministry warns about impersonation of national branding programme

  Vinamilk products were among products honoured by the Việt Nam national branding programme. — VNA/VNS Photo Quỳnh Trang HÀ NỘI – The Ministry of Industry and Trade has warned about the impersonation of the Việt Nam national branding programme for the purpose of fraud. The ministry said that the national branding programme secretariat recently received information […]


Consumer finance firm FE Credit turns joint-stock

  An FE Credit saleswoman talks to a shopper about the company’s financial products. The company has gained approval from the central bank to become a joint-stock business. — Photo cafef.vn HÀ NỘI — The State Bank of Vietnam (SBV) has approved consumer finance firm FE Credit to change its legal status from limited liability to joint […]


New industrial zone approved for Bình Định Province

  A model of Becamex Bình Định Integrated Township and Industrial Park. — Photo binhdinh.gov.vn BÌNH ĐỊNH — Deputy Prime Minister Trịnh Đình Dũng has approved in principle the development of Bình Định Becamex Industrial Zone (IZ) in the central province of Bình Định, according to the province.  Expected to cost more than VNĐ3.33 trillion (US$143 million), the IZ […]


Provinces call for investment in real estate projects

A resort project in Bà Rịa-Vũng Tàu Province. The province is seeking investment for 37 key projects, including 16 public investment projects. — Photo dotproperty.com.vn HCM CITY — A number of provinces across the country are calling for investment in key real estate projects, attracting the attention of real estate businesses with strong capacity. Mai […]


Mekong Delta town continues to solicit investment

  Tân Châu Town in the Củu Long (Mekong) Delta province of An Giang is seeking investment in various sectors to boost development. — Photo baoangiang.com.vn HCM CITY — Tân Châu Town in An Giang will continue to seek investment in several sectors to spearhead socio-economic development in the Cửu Long (Mekong) Delta province’s northern […]


Masan Consumer acquires 52 per cent in Net Detergent JSC

  Masan’s Chin-su dipping sauce on shelves at a supermarket. Masan Consumer Corporation has successfully acquired a 52 per cent stake of Net Detergent JSC. — Photo news.zing.vn HCM CITY — Masan HPC Company Limited (HPC), a wholly-owned subsidiary of Masan Consumer Corporation (MCH), has successfully acquired a 52 per cent stake of Net Detergent JSC (NETCO) […]


Pork market suffers from African swine fever

  A pork stall at a market in northern Bắc Ninh Province. — VNA/VNS Photo HÀ NỘI — Việt Nam’s domestic pork supplies could fall by 20 to 35 per cent this year as a consequence of African swine fever, according to the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD). Researchers from […]


VN stocks up as large-caps return

  A view of VInhomes Ocean Park, a property project developed by Vinhomes JSC (HoSE: VHM). The company’s shares were among 17 large-caps that rose on Thursday. — Photo baodauthau.vn HÀ NỘI — Vietnamese shares advanced for a third day as investors turned their attention back to large-cap items despite negative developments of global markets. The benchmark VN-Index […]


Online stores work to stop face mask price gouging

  E-commerce platforms were enhancing control against stores selling masks and hand sanitiser at high prices. — Photo vtv.vn HÀ NỘI — Online shopping platforms in Việt Nam were enhancing cooperation with the Department of e-Commerce and Digital Economy to regularly check the sales of face masks and hand sanitiser.  The move is to prevent stores from selling these […]


Việt Nam-China trade to resume as border gate reopens

  Trucks passing Tân Thanh-Pò Chài Border Gate in the northern province of Lạng Sơn. — VNA Photo LẠNG SƠN — The Tân Thanh-Pò Chài Border Gate in the northern province of Lạng Sơn has been reopened, allowing cross-border trade between Việt Nam and China to resume after it was suspended due the outbreak of novel coronavirus […]


City to expand collective economic model

  Co-operatives display their products on the sidelines of a conference in HCM City. — VNS Photo Xuân Hương HCM CITY — As the first collective economic unit operating in the field of environmental sanitation in Hóc Môn District, Bảo Tín Co-operative faced difficulties in its first two years of operation because of a lack of management experience and […]


MoIT no longer keen on bidding mechanism for solar power price

  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 had a change of heart on the bidding mechanism for solar power tariffs in Việt Nam. In the middle of last month, the ministry was […]


Boosting structural reform and businesses’ competitiveness vital to grab CPTPP opportunities

  Footwear products were among goods which could benefit significantly from the Comprehensive and Progressive Trans-Pacific Partnership. – VNA/VNS Photo HÀ NỘI – Improving structural reforms and businesses’ competitiveness is critical to efficiently implement the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) in Việt Nam, heard a conference held by the Central Institute for Economic Management (CIEM) on […]


MONRE teams up with firms on plastic waste management

Deputy Minister of Natural Resources and Environment Võ Tuấn Nhân with enterprise representatives at the signing ceremony. — Photo baotainguyenmoitruong.vn HÀ NỘI — The Ministry of Natural Resources and Environment signed a memorandum of understanding (MoU) with three enterprises on building public-private collaboration towards the circular economy in plastic waste management in Hà Nội on […]


Equity crowdfunding platform to boost development of start-ups

  Prime Minister Nguyễn Xuân Phúc has issued a directive aiming to create favourable conditions for start-ups and innovations. Photo baochinhphu.vn HÀ NỘI – An equity crowdfunding platform is being established to boost the development of start-up firms. Prime Minister Nguyễn Xuân Phúc has asked the Ministry of Finance to develop a plan before 2021. The […]


Forestry industry to gain export value growth of 10% this year

  Việt Nam expects to achieve growth rate of 10 per cent in export value from timber, wooden products and furniture this year. Photo vietnambiz.vn HÀ NỘI – Việt Nam expects to gain a total export value of US$12.5 billion from timber, wooden products and forest products this year, up 10 per cent year on year, […]


Investment funds make more stock purchase despite decling prices

  Hải An Port, run by Hải An Transport & Stevedoring JSC (HAH) in the northern province of Hải Phòng. America LLC has bought 40,800 shares of Hải An Transport & Stevedoring JSC (HAH), raising the ownership rate to 6.04 per cent. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Although the novel coronavirus epidemic COVID-19 has been […]


VN-Index steadies amid scepticism

  A PetroVietnam Power facility. The company shares gained 1.6 per cent on Wednesday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Việt Nam’s benchmark VN-Index made marginal gains on Wednesday as investors remained sceptical amid a lack of supportive news. The VN-Index on the Ho Chi Minh Stock Exchange inched up 0.09 per cent to close at 928.76 points. […]


Việt Nam aims to boost exports to India to solve virus difficulties

Vietnamese delegation takes photo with the Indian side. — Photo moit.gov.vn HÀ NỘI — Việt Nam has asked India to help consume its agro-fishery products and fruits as the country’s exports are facing difficulties due to the outbreak of the novel coronavirus (COVID-19) in China. Vietnamese Deputy Minister of Industry and Trade Cao Quốc Hưng […]