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Vietjet launches Hà Nội- Bali route

  Passengers checked in and received lucky new year gifts from Vietjet. HÀ NỘI New-age carrier Vietjet inaugurated a direct flight from Hà Nội to Bali on Sunday (the second day of the Lunar New Year), making it the airline’s second route to the tourist paradise of Indonesia. The new route aims to meet the travel demand […]


Trading liquidity key to market growth

  Inside Bảo Việt Securities Co. The market trading liquidity is expected to rise sharply in 2020. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Trading liquidity is key to luring foreign capital into the Vietnamese stock market in 2020 when the local equity market is being weighed down by negative ratings and global developments. Việt Nam’s benchmark VN-Index […]


Finance ministry acts to improve business climate

  Staffs of Quảng Bình Province Department of Customs were handling procedures via the customs automated system. The Ministry of Finance would hasten tax and customs administrative reforms this year as a bold effort to improve the business climate. – VNA/VNS Photo Minh Quyết HÀ NỘI – The Ministry of Finance plans to hasten tax and customs […]


Share prices of dairy industry see slight increase in 2019

  A Vinamilk production line. The price of VNM shares were almost unchanged on the stock market in 2019. — VNA/VNS Photo HÀ NỘI — The dairy industry grew 0.5 per cent in market capitalisation in 2019, much lower than the average growth of 7.7 per cent of the VN-Index, according to a report issued recently by SSI […]


The local pie of retailing is both sweet and bitter

  AEON’s fifth centre in Hà Đông in the capital city attracts many customers with children with many playful areas in the mall. — Photo nemtv   HÀ NỘI — As one of the most dynamic economies in the region, Việt Nam’s retail market is attractive for many foreign investors, but it can also be challenging at the same time. Trang […]


Some 1,300 tonnes of farm produce exported via Lào Cai Border Gate

  The Lào Cai International Border Gate in the northern mountainous province of Lào Cai. Photo baotintuc.vn HÀ NỘI More than 1,300 tonnes of agricultural products worth about VNĐ20 billion (US$860,000) were exported to China via the Lào Cai International Border Gate in the northern mountainous province of Lào Cai on Sunday (the second day of […]


Domestic companies sign deals in livestock industry

  Pork is an essential food item and accounts for a large proportion in the structure of food consumption. — Photo vtv.vn HÀ NỘI — The Vietnamese livestock industry is expected to attract professional producers in the coming years. Deals between domestic enterprises with strong potential will help the industry compete. Co-operation and production chains through official […]


ASEAN needs to rely on its own strengths to drive growth: economists

Senior officials from ASEAN member countries at a recent meeting in Nha Trang. VNA/VNS Photo Thống Nhất Bồ Xuân Hiệp HCM CITY — With uncertainties and increasing rivalry among major powers in the world, ASEAN, especially Việt Nam, will need to rely on its own devices to drive growth this year, economists said.  With slower […]


Reforms to be growth driver in 2020

  Japan-invested Toyota Việt Nam in Vĩnh Phúc Province. Establishing linkage between foreign-invested and domestic firms was important to promoting economic reforms. — VNA/VNS Photo Danh Lam HÀ NỘI — Institutional reforms will continue to be the major growth driver in 2020 and beyond, while a focus would be placed on removing barriers and connecting firms to […]


Industry 4.0 brings big changes for stock market

  An investor watches stocks on his computer. — Photo vnreview HÀ NỘI — Increasing internet and mobile network coverage has changed the way Trần Văn Toàn, a stock investor with 15 years’ experience in Hà Nội, does business. Toàn said the sight of people flocking to stock exchanges to place orders every day was […]


Firms urged to be cautious when exporting to Myanmar

      Staff from Lumi Việt Nam Co introduce home technology solutions to a client during the Việt Nam Expo 2019 in Myanmar late last year. Photo nhathongminhviet.vn HÀ NỘI — Vietnamese exporters need to be cautious when shipping goods to Myanmar despite untapped opportunities available in the market, according to the Việt Nam Trade Office in Myanmar. […]


Japanese firms increase investments in advanced technologies in Việt Nam

  Japanese investment in Việt Nam has strongly developed in both quality and quantity as investors are applying the most advanced technologies in production, experts have said. HCM CITY — Japanese investment in Việt Nam has strongly developed in both quality and quantity as investors are applying the most advanced technologies in production, experts have said. The investment trend will be essential as the 4.0 industrial […]


Authorities retain high prices to encourage rooftop solar

  A rooftop solar power system in a house in the southern province of Bình Dương. VNS Photo Văn Châu HCM CITY – Vietnam Electricity (EVN) has agreed to keep the current feed-in tariff of 9.35 US cents per kWh for rooftop solar power until 2021 as recommended by the Ministry of Industry and Trade. […]


FDI inflow in Đà Nẵng hits nearly $700m in 2019

  A vehicle assembly plant invested by Nissan Vietnam Ltd – a joint venture between Nissan Motor Co Japan and Tan Chong Motor Holdings Berhad Malaysia in Đà Nẵng. Photo baochinhphu.vn HÀ NỘI Foreign investors pumped nearly US$700 million into the central coastal city of Đà Nẵng in 2019, according to the municipal Department of Planning and Investment.  […]


Brokerages appoint new CEOs to boost performance

  Brokers at HCM City Securities Corporation. The company has reported its post-tax profit in 2019 dropped more than a third to VNĐ432 billion. — Photo dautucophieu.net   HÀ NỘI — Securities firms are shaking up their leadership ranks at the beginning of the year as they want to lift performance amid fiercer market competition. VNDirect […]


High demand for rare fruits in Mekong Delta

  Trần Văn Huy of Sóc Trăng Province stands beside his purple longan tree. — VNA/VNS Photo HCM CITY — In the Cửu Long (Mekong) Delta, traders and consumers scour for unique fruits such as purple longan, red-flesh orange and jabuticaba and do not mind paying high prices for them. Purple longan was discovered by chance […]


SSI shrugs off market volatility to achieve targets

  SSI Securities Corporation met its revenue and profit targets last year despite the volatility in the securities market. — Photo Courtesy of SSI HCM CITY — SSI Securities Corporation achieved consolidated revenues of VNĐ3.3 trillion (US$142.8 million) last year, or 112 per cent of the target it had set, and its pre-tax profit target […]


Đồng Nai pulls the plug on 531 tardy foreign projects

  The southern province of Đồng Nai has withdrawn licences it issued to 531 delayed foreign direct investment projects last year. VNS Photo Văn Châu ĐỒNG NAI – The southern province of Đồng Nai last year scrapped the licences it had issued for 531 proposed foreign projects due to slow progress. They involve combined investment […]


Viet Capital Bank unveils excellent 2019 results

  A Viet Capital Bank branch in HCM City. The lender met all its business targets last year. — Photo courtesy of the bank HCM CITY — Viet Capital Bank met most of its business targets in 2019, with pre-tax profits rising by 36 per cent. Net interest income increased by 70 per cent, while […]


Beer sale drops badly in Tết

  Beer sales have dropped between 25 and 30 per cent in supermarkets. — Photo thuonghieu HÀ NỘI — Beer is often a best seller during Tết but many retailers have been forced to lower their prices to encourage customers to buy.  Sales of beer have dropped dramatically after the Government’s announced a crackdown on drink […]