Latest News in Vietnam


Programme introduced to help connect producers and consumers: MARD

  Customers shop for vegetables at a supermarket in HCM City during an earlier lockdown. — VNA Photo HÀ NỘI — The Ministry of Agricultural and Rural Development (MARD) has launched a programme to connect and support the sales of agricultural products on a national scale. During an online conference held by the ministry in Hà Nội on […]

Retail sales of goods and services plunge in January-August

  A woman shops for pork at the Hàng Bè Market in Hà Nội. — VNA/VNS Photo Hoàng Hiếu HÀ NỘI —The nation’s total revenue from retail trade and services reached over VNĐ3 quadrillion (US$133.55 billion), down 4.7 per cent in the first eight months of 2021 compared to a modest 1.1 per cent decline seen in […]

VN’s shipping lines gear up to meet high demand

  A container is loaded on a vessel in Tân Cảng – Cái Mép Thị Vải Port in Vũng Tàu Province. — VNA/VNS Photo Huỳnh Ngọc Sơn HÀ NỘI — The total volume of goods that passed through Việt Nam’s seaports has been growing despite continuous increases in container freight rates since the COVID-19 pandemic. The move has […]

Experts discuss obstacles for rooftop solar power

  Roof solar power system at the administrative building of Phú Mỹ Thermal Power Company. — VNA/VNS Photo Đức Dũng   HÀ NỘI — Solar experts have raised difficulties and problems in policies and procedures for investment, installation and operation of solar power systems in Việt Nam at a seminar. The Việt Nam Chamber of Commerce and Industry (VCCI) coordinated with […]

Rubber exports increase but challenges ahead

  Workers harvest latex from rubber trees in Quảng Nam Province. — Photo HCM CITY — Rubber exports this year have exceeded a million tonnes worth US$1.68 billion, year-on-year increases of 27 per cent and 66.1 per cent, according to the General Department of Vietnam Customs. The Ministry of Industry and Trade’s import-export department […]

Wood export dips as country hit by virus outbreak

  Workers at a furniture maker in southern Bình Dương Province. — VNA Photo HÀ NỘI — The novel coronavirus has finally caught up with Vietnamese wood exporters, who have reported robust growth during the first half of 2021.  According to the country’s General Department of Customs, Vietnamese firms exported just shy of US$9.6 billion […]

Vietnam Banks Association urges Visa, Mastercard to reduce fees

  Vietnamese banks still have to pay huge fees to international card organisations. — Photo HÀ NỘI — The Vietnam Banks Association (VNBA) has urged international card organisations Visa and Mastercard to reduce several types of fees on Vietnamese banks as the fourth wave of COVID-19 pandemic in Việt Nam has seriously affected the lives […]

Standard Chartered Vietnam increases charter capital, reinforcing its local commitment

    Standard Chartered has been investing significantly in Việt Nam over the last few years and growing its business across the country. — Photo courtesy of the bank HÀ NỘI — Standard Chartered Vietnam has been approved to increase its charter capital to over VNĐ6.9 trillion (US$302.3 million) from VNĐ4.2 trillion ($184 million) by […]

World Bank, IFC and Australia partner to strengthen VN capital market

  Mature, well-regulated capital markets that meet international standards are critical for diversifying financing options and will be pivotal for Việt Nam’s next development phase. Photo HÀ NỘI – The IFC and the World Bank, in partnership with the Australian government, are implementing a multi-year advisory programme to facilitate Việt Nam’s stock market development, […]

Market inches higher despite losses in many bank stocks

A worker operating equipment inside Hoà Phát’s factory. The company shares jumped 1.23 per cent yesterday, supporting the market’s rally trend. Photo HÀ NỘI — Việt Nam’s stock market closed higher yesterday, marking the third straight gaining session.  The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose 3.33 points, or 0.25 […]

Gojek provides cash support totalling $180m to active driver-partners

  Gojek is the first ride-hailing company in Việt Nam to provide direct cash support to active driver-partners amid the current outbreak of the COVID-19 pandemic. — Photo courtesy of Gojek HCM CITY — Gojek announced the launch of a VNĐ4.15 billion (US$180,000) fund to support tens of thousands of its active Vietnamese driver-partners who have […]

Việt Nam’s overseas investment soars 74 per cent in eight months

  FPT’s investment in Intertec International in Costa Rica. Việt Nam’s overseas investment surged 74.1 per cent year-on-year to US$575 million ending August. — Photo courtesy of FPT HÀ NỘI — Việt Nam’s overseas investment surged 74.1 per cent year on year to US$575 million in the first eight months of 2021, according to the Ministry of Planning […]

Renewable energy companies thrive on rising demand

BCG-CME Long An 1 solar power plant in Thạnh Hóa Đistrict, Long An Province. Photo HÀ NỘI — In the first half of 2021, renewable energy projects, especially solar power, brought great profits to investors, boosting the sector’s stocks. Bamboo Capital JSC (BCG)’s second quarter financial result showed that its net revenue rose nearly 56 per cent year-on-year to […]

HCM City tells businesses to test staff for COVID

  Workers at a HCM City business have COVID-19 test samples taken by medical staff. The city wants businesses to carry out rapid tests by themselves. – Photo HCM CITY — The HCM City Department of Health has instructed businesses to themselves perform rapid COVID-19 tests for their workers once a week to ensure a […]

Prolonged lockdown puts pressure on inflation

  A street in downtown Hà Nội, usually a busy spot of commerce and tourism, during a lockdown in late August. — VNA/VNS Photo HÀ NỘI — Prolonged social distancing measures and restrictions on mobility have put significant pressure on Việt Nam’s effort to control inflation in 2022, economists have said. As major towns and […]

Viettel Post’s e-commerce platform ready to help people buy necessities

  Goods delivered to a customer by Viettel Post’s shopping service. — Photo HÀ NỘI — The Ministry of Industry and Trade’s task force and Viettel Post Joint Stock Corporation (Viettel Post) have launched a shopping service on Viettel Post’s e-commerce platform to help people access food without leaving their homes amid the COVID-19 pandemic. The force […]

More than 85,000 businesses leave market amid pandemic

  Employees work inside a footwear plant in Long An Province. Around 85,500 businesses across the country have suspended operations in the first eight months of the year due to the COVID-19 outbreak. — VNA/VNS Photo HCM CITY — Around 85,500 businesses across the country have suspended operations in the first eight months of the […]

Ministries work to remove difficulties in exporting farm produce at border gates

  The volume of Vietnamese export goods with customs clearance each day at border gates with China is limited due to China’s stricter disease preventive measures. Photo HÀ NỘI — Ministries are strengthening cooperation with each other and with Chinese counterparts to solve difficulties in exporting agricultural products at the country’s border gates. Since August 18, China […]

Market extends rally, VN-Index gains nearly 15 points

Vietinbank’s office during transaction hours. The bank shares rose nearly 3.7 per cent yesterday as market sentiment improved. VNA/VNS Photo HÀ NỘI — Shares settled higher yesterday, boosted by pillar stocks. However the market still witnessed foreign investors fleeing from both main exchanges.  The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) ended yesterday’s trade […]

ICS Summit 2021 to take place this week

  A speaker at last year’s summit. — Photo HÀ NỘI — The upcoming International CSR & Sustainability Summit 2021 (ICS Summit 2021) is scheduled to take place on September 2 with an aim to discuss and explore the mobilisation of business leaders to rebuild a world that is sustainable and resilient. It is no exaggeration to […]