Latest News in Vietnam

News




GVR looks to boost industrial zone development

  Workers at Vietnam Rubber Group (GVR)’s processing plant. By the end of 2020, GVR had managed a domestic rubber area of ​​roughly 87,000 hectares. — Photo courtesy of GVR HÀ NỘI – The Việt Nam Rubber Group (GVR) targets to earn revenue and profit of VNĐ26.9 trillion (US$1.17 billion) and VNĐ4.56 trillion this year, respectively. It plans […]


VCCA warns against AI powered multi-level marketing schemes

Snow Ai platform. — Photo baochinhphu.vn HÀ NỘI — The Việt Nam Competition and Consumer Protection Authority (VCCA) has issued a warning to investors about the perils of investing in illegal multi-level marketing businesses run by “AI Robots”. The VCCA has noted a number of organisations and individuals, that do not hold proper certification, inviting people […]


ADB approves US$4.6 million boost to private sector development

  The new assistance will help Việt Nam strengthen public–private partnerships (PPPs), private sector development, and State-owned enterprise (SOE) reform. — Photo vneconomy.vn     HÀ NỘI — The Asian Development Bank (ADB) has approved US$4.6 million for technical assistance to help the Government of Việt Nam strengthen public–private partnerships (PPPs), private sector development, and State-owned enterprise […]


Farmers need training to develop digital agriculture

  Việt Nam Digital Agriculture Asociation (VIDA) launches the first ever report on the country’s agrculture  in 2021 in Hà Nội yesterday. — VNS photo Minh Hương HÀ NỘI — Farmers need more training on digital technology to bring the industry to another level, experts have said. Nguyễn Đức Tùng, general secretary of the Việt Nam Digital Agriculture Asociation (VIDA), made the statement said at […]


Việt Nam promotes implementation of green growth strategy

  Hà Đăng Sơn, director of the Center for Energy Research and Green Growth Việt Nam is implementing a green growth strategy to fulfil its sustainable growth goals by 2030 and at the same time use resources effectively in the context of the COVID-19 pandemic. Hà Đăng Sơn, director of the Center for Energy Research and Green […]


Prescription drug sales down amid COVID contagion fears

A pharmaceutical production line of Traphaco Pharmaceutical Joint Stock Company. Traphaco (TRA) recorded VNĐ55.2 billion (US$2.4 million) in post-tax profit in the first quarter of 2021, an increase of approximately 40 per cent over the same period in 2020. — Photo zingnews.vn HÀ NỘI — Growth in prescription drugs from the first quarter to the third quarter of 2020 […]


Pilot Mobile Money service to be licenced next month

  More than 40,000 employees of Viettel participated into its pilot Mobile Money. — Photo courtesy of Viettel HÀ NỘI — Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting. These services will allow the use of mobile phone credit to pay for small-value […]


More than VNĐ31.8 trillion raised through G-bond auctions in June

  Staff at the Hà Nội Stock Exchange (HNX) organise a G-bond auction. — VNA/VNS Photo HÀ NỘI – The State Treasury mobilised more than VNĐ31.8 trillion (US$1.38 billion) via 18 government bond (G-bond) auctions on the Hà Nội Stock Exchange (HNX) in June, down 28 per cent month-on-month. Interest rates for bonds of seven, 10, 15, and […]


Việt Nam to solve bottlenecks to develop its auto industry

The Government may consider continuing to extend the tax incentive programme for the local auto industry. —VNA/VNS Thống Nhất HÀ NỘI — Limited market capacity and price differences between domestically produced cars and imported cars are the two biggest bottlenecks for the local auto industry, according to the latest report from the Ministry of Industry and […]


Companies aware of psychological effects of work from home, focus on work-life balance

City unveils scenario for coping with increasing number of severely ill COVID-19 patients Dos and don’ts before getting a COVID-19 vaccine Three more COVID-19 deaths reported Daily increase of new cases tops 1,000 the second time, 7 more deaths on Tuesday Hà Nội on alert due to community infection clusters   A screenshot of an online-meeting […]


PVEP enjoys over VNĐ14.3 trillion in six-month revenue

In the first half of this year, the firm, a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam), enjoyed over VNĐ2 trillion in after-tax profit. — Photo pvep.com.vn HÀ NỘI — The PetroVietnam Exploration Production Corporation (PVEP) reported revenue of VNĐ14.35 trillion (US$623.59 million) in the first six months of 2021, equivalent to 144 per cent […]


HCM City to build 668-ha industrial park in Bình Chánh

  The An Nhơn Tây Commune in Củ Chi District, where the planned Bàu Đưng Industrial Park has not been implemented for 13 years. The city has proposed eliminating it and two other IPs from the master plan by 2025. Photo sggp.org.vn HCM CITY — HCM City authorities have proposed the construction of a “highly competitive” Phạm Văn Hai […]


VPBank grants L/C online to facilitate import-export activities

  VPBank offers the online L/C for import and export firms during the complicated situation of COVID-19 pandemic to help them save time and reduce costs. — Photo courtesy of VPBank HÀ NỘI — VPBank has been a pioneer in granting letter of credit (L/C) online for import-export businesses in Việt Nam to help them […]


Việt Nam, South Korea to host business forum this week

  Garment products being made by workers of South Korea-invested Kydo Việt Nam Co in the northern province of Hưng Yên. —VNA/VNS Photo Phạm Kiên HÀ NỘI – The Việt Nam Chamber of Commerce and Industry (VCCI) and the Korea International Trade Association (KITA) will host the Vietnam-Korea Business Forum on Thursday. Themed “Cooperation for a sustainable future,” […]


Switzerland supports Việt Nam in training bank executives

  Ambassador of Switzerland to Việt Nam Ivo Sieber signed the bilateral agreement for the new Swiss Bank Executive Training programme (Swiss BET) with the State Bank of Việt Nam. Photo courtesy of the Embassy of Switzerland HÀ NỘI — The State Bank of Việt Nam and the Embassy of Switzerland last week signed a bilateral agreement […]


Amost no change under new trading regulations at HoSE

  An investor follows stock movements on a computer screen. Investors need to adapt to current market conditions and have a trading plan in advance, consider carefully before placing buy and sell orders. — VNA/VNS Photo HÀ NỘI – The Hồ Chí Minh Stock Exchange (HOSE)’s Decision 352/QĐ-SGDHCM on securities trading regulations at HOSE officially took effect from Monday. […]


Samsung Medical Centre to speed up global healthcare research with new platform

  Samsung Medical Centre is building a medical research platform on Amazon Web Services to speed up global research. — Photo Courtesy AWS HCM CITY — Amazon Web Services has announced that Samsung Medical Centre is building a medical research platform on it to accelerate research at healthcare institutions world-wide and help hospitals better cope with new infectious diseases like COVID-19.  The South Korean company will use AWS’s portfolio of cloud services including machine learning, networking and content delivery, security, identity, and compliance services to share and analyse medical data, optimise clinical […]


Coal stocks on an upswing thanks to rising prices

  Workers in an underground coal mine of Núi Béo Coal JSC in the northern province of Quảng Ninh. In June alone, NBC shares of Núi Béo Coal JSC traded on HNX soared by more than 111 per cent compared to the previous month. Photo nuibeo.com.vn HÀ NỘI The sharp increase in the price of […]


Việt Nam’s agriculture sector gains export growth in H1

Việt Nam’s export value of seafood products reached US$4.05 billion in the first six months of this year. Photo nongnghiep.vn HÀ NỘI — Việt Nam’s agriculture sector gained export growth of agricultural, forest and seafood products in the first six months of this year despite difficulties caused by the COVID-19 pandemic. In the first half of […]