The HCM City Development Joint Stock Commercial Bank (HOSE: HDB) has reported impressive results for the fourth quarter of 2019. — Photo courtesy of HDBank HCM CITY — The HCM City Development Joint Stock Commercial Bank (HOSE: HDB) has reported impressive results for the fourth quarter of 2019, with after-tax profit increasing by 40.1 per […]

    The local property market will be a bit quiet from now until this year end. Photo dantri.com.vn HÀ NỘI – Local property experts have forecast that the domestic real estate market will recover this year. Market demand and prices would likely to rise, according to economist Lê Xuân Nghĩa. Nghĩa said more finances would […]

A view of the HCM City skyline. The city real estate market is attracting a number of foreign investors. Photo tripsavvy.com HCM CITY — The HCM City property sector has in recent years attracted billions of dollars worth of foreign investment due to its growth potential, real estate consulting companies have said. The city was […]

    Container trucks wait for approval to pass the border between China and Việt Nam in Lạng Sơn Province’s Cao Lộc District. — Photo thuonghieucongluan.com.vn HÀ NỘI — Ministries need to analyse the impact of coronavirus on both international and domestic markets, then deliver short-term and long-term solutions, Minister of Industry and Trade Trần Tuấn […]

  Customers buy gold at a gold shop in HCM City. Demand for gold is expected to skyrocket on the God of Wealth Day on February 3 since buying on the day is expected to bring good fortune through the year.  — VNS Photo Xuân Hương HCM CITY — Jewellery shops and companies have stockpiled […]

Việt Nam’s IIP in January declined due to the Lunar New Year holiday at the end of January. Photo dangcongsan.vn   HÀ NỘI – Việt Nam’s index of industrial production (IIP) in January declined by 5.5 per cent year-on-year and 11.8 per cent month on month, according to the General Statistics Office (GSO).    This […]

    A staff member at Tân Sơn Nhất Airport checks the body temperatures of passengers arriving in Việt Nam. Listed aviation and tourism stocks dropped significantly due to information about the coronavirus pandemic. VNA/VNS Photo Đinh Hằng.   HÀ NỘI — The market witnessed steep declines Friday because of concerns over the coronavirus outbreak that […]

  Deputy Prime Minister Vương Đình Huệ speaks at the meeting. — Photo cafef.vn HÀ NỘI — The Government has finally announced a detailed roadmap to increase charter capital for large State-owned banks in the first quarter of this year. During a working visit to Military Bank for the Lunar New Year on Thursday, Deputy Prime […]

  Chân Mây Port in the Chân Mây Lăng Cô Economic Zone. The Bách Việt JSC is approved in principle to develop an auto assembly and manafacturing complex. — Photo tuoitrethudo.com.vn THỪA THIÊN-HUẾ — The authorities of Thừa Thiên-Huế Province on January 30 handed over a decision approving in principle to the Bách Việt Automobile Manufacturing Industry Joint Stock […]

  Deputy Prime Minister Vương Đình Huệ poses with the staff of the State Treasury of Việt Nam. — VNA/VNS Photo Phạm Hậu HÀ NỘI — Deputy Prime Minister Vương Đình Huệ urged the State Treasury of Việt Nam to manage the State budget efficiently, which is critical in promoting socio-economic development. Speaking at the meeting with the State […]

  Delegates attend to the park’s groundbreaking ceremony on Thursday. — Photo baodautu.vn BẮC NINH — The construction of Yên Phong II-C Industrial Park, worth more than VNĐ2.23 trillion (US$96.3 million), began in the northern province of Bắc Ninh on Thursday. Invested by State-owned Viglacera Corp, the park will cover 221ha in Yên Phong District. It aims to […]

  Tân Cảng – Cát Lái Port received around 55 docking container ships in the first few days of the Lunar New Year. — Photo tienphong.vn HCM CITY — Export and import activities have been busy since the start of the Lunar New Year (January 25), with some product groups reaching an export value of over US$1 billion each. […]

    Listed aviation and tourism stocks dropped significantly due to information about the coronavirus pandemic. Two big airlines, Vietjet (VJC) on HOSE and Vietnam Airlines (HVN) on the Unlisted Public Company Market (UPCoM), decreased by 4.4 per cent and 7 per cent, respectively. — Photo cafef.vn HÀ NỘI — Shares plunged on both national stock exchanges […]

  Cát Lái Port in HCM City. — VNA/VNS Photo HCM CITY — Competition between seaports is set to increase in 2020 when more ports open. The volume of international cargo that passed through ports in the first nine months of 2019 increased by 6 per cent year-on-year, lower than the 8 per cent rate in […]

  FPT’s technology business reported profits rose by 30 per cent last year. — Photo courtesy of FPT HCM CITY — FPT Corporation has reported profit before tax of nearly VNĐ4.7 trillion (US$203.3 million) on revenues of VNĐ27.7 trillion ($1.19 billion) last year, around a 20 per cent increase in both cases. Earnings per share […]

  With Việt Nam’s demand for robots in the manufacturing industry on the rise, many businesses are investing in the field. — VNA/VNS Photo An Đăng HCM CITY — More Vietnamese businesses are investing in the robot manufacturing industry as demand for such products is growing rapidly in Việt Nam, experts have said. Among eight local projects granted investment permits by Saigon Hi-Tech Park late […]

  Customer conducts transaction at a Sacombank transaction office in HCM City. — Photo courtesy of Sacombank HCM CITY — Sacombank’s consolidated profit before tax reached VNĐ3.2 trillion (US$137.8 million) last year, more than 21 per cent in excess of its target. Its non-interest income was up 23.9 per cent to VNĐ3.3 trillion ($143.2 million), […]

  Foreign investors at the Ho Chi Minh Stock Exchange. The derivatives market, which runs upon the large-cap VN30-Index and government bond, is expected to grow stronger in 2020. HÀ NỘI — The derivatives market is likely to grow stronger in 2020, offering high profitability to investors, analysts have said. According to statistics from the State […]

  Customers shop at a supermarket in HCM City on its reopening day after the Tết break. — VNS Photo HCM CITY — Ending the peak business season on the occasion of Tết (Lunar New Year), purchasing power increased by 10-15 per cent on average over the same period in 2019 in which sales at modern distribution […]

Steel production at Hòa Phát Steel Company in Hải Dương Province. — VNA/VNS Photo Danh Lam HÀ NỘI — Việt Nam’s steel production was forecast to grow slightly, at about 6-8 per cent, this year, reported the Việt Nam Steel Association (VSA). The association said last year saw signs the global steel market was slowing, and it […]