A bank branch in HCM City. VNS File Photo. HCM CITY — Remittances sent to Việt Nam through banks in 2019 exceeded US$2.5 billion, up by 12 per cent compared with the previous year. The biggest remittance flows came from Vietnamese guest labourers working in Japan, Taiwan and South Korea, with many of […]
A booth sells dried fishes, candied fruits and other specialities at the Green Tết -Vietnamese Products Fair being held at 12 Phùng Khắc Khoan in HCM City’s District 1 until January 22. — VNS Photo Xuân Hương Xuân Hương HCM CITY — Specialities from all parts of the country are being transported to HCM […]
HÀ NỘI – The Ministry of Finance has revealed that twelve of 136 wholly state-owned enterprises had posted losses of VNĐ720 billion (US$30.9 million) in the first half of last year, and six others faced warnings regarding financial security. The report pointed out state-owned enterprises (SOEs) that posted big losses, including Việt Nam Maritime Corporation, […]
Chairman of Bạc Liêu People’s Committee Dương Thành Trung (second from left) hands over the investment certificate to the investor’s representative. Photo sggp.org.vn BẠC LIÊU The People’s Committee of Bạc Liêu Province on Tuesday granted an investment certificate to Singapore’s Delta Offshore Energy Pte Ltd Co to develop a liquefied natural gas (LNG)-fired thermal […]
Customers perform transaction at a branch of Vietinbank (CTG) in Hà Nội. CTG rose 0.8 per cent on Tuesday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Shares gained on Tuesday thanks to the banking sector. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.79 per cent to end trading at 986.37 points. Nearly 157.7 million […]
After the EVFTA comes into effect, the EU will remove nearly 86 per cent of tariff lines and more than 99 per cent of tariff lines will be eliminated after seven years. Photo tapchicongthuong.vn BRUSSELS The European Parliament’s International Trade (INTA) Committee on Tuesday passed recommendations to adopt the Việt Nam-European Union (EU) Free […]
Prime Minister Nguyễn Xuân Phúc delivers a speech at the working session with his economic advisory group in Hà Nội on Monday. — VNA/VNS Photo Thống Nhất HÀ NỘI — Prime Minister Nguyễn Xuân Phúc put emphasis on the need for long-term solution to create new drivers of growth and economic impetus to help the […]
Customers conduct transactions at a VPBank branch in Hà Nội. At the end of 2019, VPBank’s consolidated bad debt ratio was 2.95 per cent. — Photo cafef.vn HÀ NỘI — Việt Nam Prosperity Joint Stock Bank (VPBank) announced a record 2019 consolidated pre-tax profit of VNĐ10.3 trillion (US$445 million), exceeding 9 per cent of […]
Prime Minister Nguyễn Xuân Phúc delivers a speech at the working session with his economic advisory group in Hà Nội on Monday. — VNA/VNS Photo Thống Nhất HÀ NỘI — Prime Minister Nguyễn Xuân Phúc on Monday had a working session with his economic advisory group in Hà Nội. Head of the group Nguyễn Đức […]
A customer makes transaction at a Techcombank office in Hà Nội. — VNA/VNS Photo HÀ NỘI — The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) earned pre-tax profit of VNĐ12.8 trillion (US$550.7 million) and revenue of VNĐ21.1 trillion, marking increases of 31.5 per cent and 24.7 per cent year on year, respectively. In […]
Yeah1 shares fell after YouTube terminated an agreement allowing the firm’s content on the channel in March 2019. — Photo courtesy of Yeah1 HÀ NỘI — Local media firm, Yeah1 Group (YEG), recorded a loss of VNĐ158 billion (US$6.8 million) in the fourth quarter of last year, pushing 2019’s total losses to VNĐ372 billion. In […]
VVMI La Hiên Cement Joint Stock Company. The cement industry must maintain exports this year with domestic sales anticipated to remain sluggish. – VNA Photo Hoàng Nguyên HÀ NỘI – Maintaining exports would be critical for the cement industry amid rising production output and anticipated sluggish domestic sales this year. According to Nguyễn Quang Cung, President of […]
Workers process cashew nuts for export. The country shipped 450,000 tonnes abroad last year, earning more than US$3.6 billion. Photo the courtesy of Vinacas By Tố Như HÀ NỘI — Việt Nam stood out as the world’s largest cashew exporter last year but there remains many challenges ahead for the country to retain its leading position in […]
Dollar supply source is forecast to decline in the domestic market this year, given by weaker foreign direct investment (FDI) inflows and exports. Photo vietnambiz.vn Thu Hà HÀ NỘI After being relatively stable last year, the foreign exchange rate of the Vietnamese đồng against the US dollar is forecast to be under greater pressure in […]
An elevated section of HCM City’s Bến Thành – Suối Tiên metro line runs along Hà Nội Highway. The city authorities have been urged to accelerate the speed of capital allocation to speed up disbursement this year. VNA/VNS Photo Mạnh Linh HCM CITY — HCM City authorities plan to review obstacles to public spending and the speed of fund allocation and disbursement this year. […]
A chilled meat processing line at a factory of Masan Group (MSN) in the northern province of Hà Nam. MSN lost 1.3 per cent on Monday. Photo courtesy of Masan Group HÀ NỘI — The market experienced an uneventful trading day Monday with sideways movements and slight fluctuations among declining liquidity. The benchmark VN-Index […]
Shrimp exports to Australia totalled nearly US$121 million as of December 15, 2019, representing a rise of 12.6 per cent over the same period of 2018. — Photo baodautu.vn HÀ NỘI — Exports of shrimp to Australia increased strongly in 2019, expanding at a two-digit growth rate, according to statistics from the Việt Nam […]
BIDV head office building in Hà Nội. The bank has claimed fourth position in the top 10 largest firms by market value on the Hồ Chí Minh Stock Exchange. — Photo vietnamfinance.vn HÀ NỘI — The Joint Stock Commercial Bank for Investment and Development of Việt Nam (BIDV) is now the fourth largest listed company by market […]
Market regulators must perform effective monitor and sanctions mechanism over listed businesses, violators must be fined or even suspended transactions. — Photo tinnhanhchungkhoan.vn HÀ NỘI — The Hồ Chí Minh Stock Exchange (HOSE) has received dozens of documents from listed companies asking to extend the deadline for the disclosure of this year’s financial statements. Refrigeration Electrical Engineering Corporation (REE) […]
Oil rigs of Vietsovpetro, a joint venture between PetroVietnam (PVN) and a Russian group, at Bạch Hổ oil field in the southern province of Bà Rịa – Vũng Tàu. PVN is among 19 State-owned groups and corporations supervised and managed by the Committee for Management of State Capital at Enterprises (CMSC). VNA/VNS Photo Huy Hùng HÀ NỘI Prime […]
