The capital hike through private placement will help MB expand its operations over the next three years, including investing in digital banking services. — Photo MB HÀ NỘI — The State Bank of Việt Nam has approved Military Commercial Joint Stock Bank (MB)’s proposal to increase its charter capital to VNĐ24.42 trillion (US$1.06 billion) from […]

  Diversification is the distinguishing feature of this year’ Forbes’ 30 under 30 list. — Photo forbesvietnam.com.vn HÀ NỘI — Forbes Việt Nam magazine on Monday announced the 30 under 30 list which featured some of the most influential faces in the field of business and start-ups, social enterprises, arts and creative industries, entertainment, education and science. This was […]

Vietnam National Shipping Lines (Vinalines) has announced its growth targets for 2020, a year set to feature various difficulties.— Photo vneconomy.vn HÀ NỘI — Vietnam National Shipping Lines (Vinalines) has announced its growth targets for 2020, a year set to feature various difficulties. Trần Tuấn Hải, head of communications for the company, said though the port operation was facing many difficulties from […]

  Investors pose for a photo after receiving investment licences. — VNA/VNS Photo Mạnh Dương BÀ RỊA-VŨNG TÀU — The People’s Committee of Bà Rịa-Vũng Tàu province on Monday granted licences to five new and capital-added projects worth a combined US$174 million during a meeting with more than 300 representatives from associations, economic organisations and investors. In […]

Customs procedures are implemented at Lệ Thanh International Border Gate in Gia Lai – Kon Tum. — VNA/VNS Photo Hoàng Hùng HÀ NỘI — The General Department of Customs hopes to collect VNĐ338 trillion (US$14.6 billion) for the State budget this year, a year-on-year increase of 12.5 per cent. The target is built on the basis […]

  HÀ NỘI — The opening month of this year saw a modest improvement in business conditions in the Vietnamese manufacturing sector, according to a report by a London-based information services firm. IHS Markit released the Việt Nam Manufacturing PMI report on Monday from responses to monthly questionnaires sent to purchasing managers in a panel of about […]

  Containers of dragon fruit wait at the border in the northern province of Lạng Sơn. — Photo vietnamnet.com HÀ NỘI — Việt Nam’s agriculture sector was likely to be the worst hit by the coronavirus in China, said Minister of Agriculture and Rural Development Nguyễn Xuân Cường. Making a statement at the conference to promote trade and develop agricultural […]

  Nguyễn Thành Phong, chairman of the HCM City People’s Committee, strikes the gong at the Hồ Chí Minh Stock Exchange on February 3 to mark the reopening of the bourse after the Lunar New Year holidays. — VNS Photo Xuân Hương HCM CITY — HCM City will speed up equitisation of State-owned enterprises to […]

  Improving the efficiency of public-investment projects is important to promoting socio-economic development. — Photo VGP HÀ NỘI — Inefficient State-owned enterprises must be handled this year, Prime Minister Nguyễn Xuân Phúc has said. This was the highlight of the PM’s recent plan to combat waste in 2020 by implementing financial discipline, preventing losses to the State budget, controlling […]

  A customer buys gold at a Doji shop in Hà Nội. The current coronavirus concerns as well as higher gold prices have led to fewer customers. — VNA/VNS Photo Danh Lam HÀ NỘI – Investors helped cushion the fall on the Vietnamese stock market on Monday amid steep declines across the Asia. On the Hồ Chí […]

  VietJetAir aircrafts. — VNA Photo ĐÀ NẴNG — Budget carrier VietJetAir will begin direct flights from the central city of Đà Nẵng to New Delhi in India from May 14, with five flights per week. A source from the VietJetAir confirmed on February 2 the route service Airbus A320 and 321 aircraft. It’s the third direct flight connecting New […]

  Bảo Tín Minh Châu Shop on Trần Nhân Tông Street prepares chairs for customers. However, this year, few have lined up to buy gold. — Photo cafef HÀ NỘI – Though jewellers have stockpiled ‘lucky’ gold products for today’s God of Wealth Day, most of their customers have stayed away out of fear of coronavirus. According to […]

    SeABank is among 12 banks that have so far cleared all their bad debts kept at the Việt Nam Asset Management Company (VAMC). Photo SeABank HÀ NỘI Twelve out of 40 commercial banks have so far cleared all their non-performing loans (NPLs) kept at the Việt Nam Asset Management Company (VAMC). The banks include […]

  A VPS Securities Co office. Vietnamese shares will return to action on Monday amid concerns related to diseases and movements in neighbouring markets. – Photo tinnhanhchungkhoan.vn HÀ NỘI – The Vietnamese stock market has been forecast to fall next week amid fears of coronavirus and a focus on pharmaceutical stocks. Việt Nam’s benchmark VN-Index on the […]

  A Vinhomes’ residential estate project in Hà Nội. The company earned a total of VND29.7 trillion worth of pre-tax profit in 2019, the highest among large-cap firms. – Photo cafef.vn HÀ NỘI – Most large-cap firms have released full-year earnings reports for 2019 with 29 companies reporting a pre-tax profit of more than VNĐ3 […]

  Deputy Prime Minister Vương Đình Huệ makes guidelines at the meeting for pricing in Hà Nội last week. — VNA/VNS Photo Doãn Tần HÀ NỘI — The prices of pork and facemasks were the centre of discussion at an extraordinary meeting of the steering committee for pricing last week chaired by its head, Deputy Prime Minister […]

  Many favourable policies are proposed to improve the competitiveness of the domestic auto industry. – Photo vietnamnet.vn HCM CITY – The automobile market is expected to boom this year as the Government mulls a number of favourable policies to help reduce costs, improve demand and increase output. Last November a special consumption tax policy […]

  China is the largest exporter to Việt Nam in January when the country reports a trade deficit of $100 million. Photo ndh.vn HÀ NỘI ­– Việt Nam reported an estimated trade deficit of US$100 million in January, according to the General Statistics Office (GSO). GSO said the country’s exports reached $19 billion in January, a year-on-year […]

  Workers process peanuts at Nhất Huy JSC in Đà Nẵng. — Photo nongsan.com.vn HÀ NỘI — Việt Nam is pursuing an ambitious plan to become a global agricultural powerhouse by 2030, according to Government Resolution 53/NQ-CP. The resolution stipulates that Việt Nam must aim to rank among the world’s top 15 most developed agricultural countries […]

  At least 50 per cent of communes nationwide will have offices to provide financial services by the end of 2025. VNA/VNS Photo  HÀ NỘI – Prime Minister Nguyễn Xuân Phúc has approved a national financial inclusion strategy until 2025 with a vision to 2030, targeting at least 80 per cent of adults in the country to […]