Amway Việt Nam is among 23 multi-level marketing (MLM) firms in Việt Nam. — Photo thoibaokinhte HÀ NỘI — After the authorities revoked working licenses of five multi-level marketing (MLM) firms last year, there are 23 firms of this type allowed to operate in the country. According to the Department of Competition and Consumer Protection […]
The price of biofuel E5 RON92 fell by VNĐ577 to VNĐ19,268 per litre from January 30. Photo baodautu.vn HÀ NỘI – The retail prices of petrol witnessed a strong reduction as from 3pm on January 30 (Thursday). Specifically, the price of biofuel E5 RON92 fell by VNĐ577 to VNĐ19,268 per litre, and that of […]
Domestic gold prices climbed VNĐ600,000-VNĐ800,000 per tael on Thursday amid developments of the coronavirus outbreak in China. — Photo nhadautu.vn HÀ NỘI – Local gold prices rose on Thursday amid rising concerns over the coronavirus outbreak in China which buoyed demand for safe assets. In the afternoon, prices quoted by Saigon Jewelry Company (SJC), […]
Lào Cai International Border Gate. The coronavirus epidemic had not yet had significant impacts on the import and export activities between Việt Nam and China. – Photo baogiaothong.vn HÀ NỘI – The Import-Export Department under the Ministry of Industry and Trade is keeping a close watch on the development of the coronavirus, urging firms […]
BSR’s Dung Quất plant. — Photo bsr.com.vn HÀ NỘI — The Bình Sơn Refining and Petrochemical JSC (BSR), a subsidiary of the Việt Nam Oil and Gas Group (PetroVietnam), has reported gross revenue of VNĐ102.82 trillion (nearly US$4.4 billion) last year. According to a consolidated financial report released on Monday, BSR’s after-tax profit hit more than VNĐ2.75 trillion, […]
Total retail sales of goods and services in January were estimated at VNĐ448.1 trillion, up 10.2 per cent year on year. Photo tapchitaichinh.vn HÀ NỘI – Total retail sales of goods and services in January were estimated at VNĐ448.1 trillion, up 3.6 per cent over the previous month and up 10.2 per cent year on […]
Shares of Vietjet dropped 3.4 per cent on Thursday morning amid curbs on travel to China and infected areas. — Photo bizlive.vn Shares plunged on both national stock exchanges on Thursday morning – the first trading session after the Tet (Lunar New Year) holiday – due to volatility on the global markets given developments […]
Workers install a rooftop solar power system in the southern province of Tây Ninh. — VNA/VNS Photo Lê Đức Hoảnh HÀ NỘI — The Asian Development Bank (ADB) signed a US$37.8 million loan deal with TTC Energy Development Investment Joint Stock Company (TTC Energy) to provide long-term financing to develop and operate a 50-megawatt […]
With more than 75 per cent of registered FDI in January, electricity production and distribution leads other industries in FDI attraction. — Photo baocongthuong.vn HÀ NỘI — Việt Nam raked in US$5.3 billion in foreign direct investment (FDI) in the first 20 days of 2020, a year-on-year surge of 179.5 percent, according to the Ministry of Planning and Investment. The […]
Children learn about traditional Tết through games and prizes at the Chin-Su booth at the Vietnamese Tết Festival 2020. — Photo courtesy of the company HCM CITY — Masan Consumers Joint Stock Company and the Vietnam Cuisine Culture Association have organised a charity programme, Tết trẻ em (Children’s Lunar New Year). It was meant […]
IT solutions on display at an exhibition held recently in HCM City. — VNS Photo HCM CITY — HCM City will continue to promote the development of information and communications technology to develop into an innovative smart city and improve living conditions, authorities have said. The city has for many years spearheaded the country’s […]
Total registered capital of new enterprises set up in January surged sharply by 76.8 per cent to VNĐ267 trillion (US$11.46 billion). VNA/VNS Photo HÀ NỘI – Việt Nam had 8,276 new enterprises established in the first month of 2020, down 17.9 per cent year-on-year, but the total registered capital of the enterprises surged sharply […]
Minister of Agriculture and Rural Development Nguyễn Xuân Cường The agriculture sector this year is targeting gross domestic product (GDP) growth of 2.9 – 3 per cent and export value of agricultural, forestry and fishery products of US$42 billion. Minister of Agriculture and Rural Development Nguyễn Xuân Cường speaks to local media about these […]
Customers at a petrol station on Hà Nội’s Trần Hưng Đạo Street. The petrol and oil prices in January increased by 1.29 per cent compared to December 2019. VNA/ VNS Photo Hoàng Hùng HÀ NỘI — Việt Nam’s consumer price index (CPI) in January hit a record high, up 1.23 per cent over the […]
Firms find it significant to improve labour productivity to enhance competitiveness in Industry 4.0. VNA/VNS Photo Trần Việt HÀ NỘI – Improving labour productivity is vital for Vietnamese businesses in the context of the Fourth Industrial Revolution (Industry 4.0), with rapid increases in digitalisation, robotisation and intelligent automation, experts said. Labour productivity was the […]
With a growing middle class and high GDP growth, Việt Nam has become an ideal market for foreign fruit exporters. VNA/VNS Photo Thanh Vũ HCM CITY — With a growing middle class and high GDP growth, Việt Nam has become an ideal market for foreign fruit exporters, experts have said. In the last five years, foreign fruit exporters, especially those from the […]
Brian Spence Brian Spence * Brian Spence explains how his old and new homelands are increasingly converging in the investment sphere, particularly in renewable energy. S&P Investments takes a genuinely global view as an M&A broker, and we naturally have strong links to the UK due to my having spent decades in the financial […]
Consumers shop at a Vinmart store in Hưng Yên Province. Food and beverage and retail sectors will flourish thanks to growing domestic consumption in 2020. — VNA/VNS Photo Phạm Kiên HÀ NỘI — The market is forecast to maintain its uptrend during the first sessions in the Year of the Rat, according to securities […]
A Techcombank office. The bank is among four local lenders that are forecast to record higher profit growth in 2020. — Photo techcombank.com.vn HÀ NỘI — Local banks may increase their pre-tax profits by 22.5 per cent on-year in 2020, SSI Securities Corporation’s research unit has forecast. Vietcombank, Bank for Investment and Development of […]
A condo project in HCM City. Experts forecast that the market faces challenges in 2020. — VNS Photo HCM CITY — The condo market in HCM City is expected to face challenges this year, according to industry experts. In the latest reports about market predictions, Lê Hoàng Châu, chairman of the HCM City Real Estate Association, […]
