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Việt Nam’s growth opportunity in 2021: catching up with the world

  Võ Trí Thành   *Võ Trí Thành While many places in Việt Nam are struggling to fight the COVID-19 pandemic, the six-month economic picture still delivered optimistic data, showing the recovery process is continuing and partly overshadowing the challenges the country is facing to achieve its dual targets. The recovery process is demonstrated in […]


Samsung and Bắc Ninh to implement dual goals

  Samsung Vietnam and Bắc Ninh Province kicked off phase 1 of the Việt Nam Enterprise Improvement Consultancy Project. — Photo courtesy of Samsung Vietnam BẮC NINH — Samsung Vietnam and Bắc Ninh Province’s People’s Committee on Monday officially kicked off phase 1 of the Việt Nam Enterprise Improvement Consultancy Project in 2021. The project will […]


Shares plunge as both local and foreign investors flee from market

Techcombank’s office during working hours. The bank shares rose the most yesterday, up 6.81 per cent. Photo vneconomy.vn HÀ NỘI — Việt Nam’s stock market finished lower on Monday, ending last week’s rallies on strong selling forces from both local and foreign investors.  The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) […]


Media and advertising companies overcome adversity amid the pandemic

Samaritan, friends cook meals, donate to less fortunate on streets around HCM City Preparations underway for high school graduation exam amid outbreak concerns Việt Nam’s cases nears 20,000 mark, with HCM City becoming largest hot spot HCM City and southern region’s COVID-19 situation could get out of control without greater efforts: PM Bà Rịa-Vũng Tàu […]


HDBank to pay 25% dividend for 2020

  An HDBank transaction office in HCM City. HDBank will pay a dividend of 25 per cent in shares for 2020, increasing its charter capital to more than VNĐ 20.07 trillion (US$872.3 million). — Photo courtesy of the bank HCM CITY — The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, stock code: […]


Over $970 million poured into IPs in Quảng Ninh

  Đông Mai IP in Quảng Ninh Province. — Photo baoquangninh QUẢNG NINH — Industrial parks (IPs) and economic zones in the northern province of Quảng Ninh have so far attracted more than VNĐ22.4 trillion (US$970 million) in the first six months of 2021. Quảng Ninh has granted new investment licences to five foreign-invested projects worth $567.5 million, and […]


Vietnamese banks remain attractive to foreign investors

  Customers at a VPBank branch in Hà Nội. — Photo VPB HÀ NỘI — Vietnamese banks are still attractive to foreign investors thanks to the country’s economy and strong resilience to unprecedented difficulties and challenges caused by the COVID-19 pandemic. With Fitch Ratings raising the overall outlook for Việt Nam from “Stable” to “Positive”, several Vietnamese banks […]


Dabaco’s profit halves in the second quarter

A worker feeding pigs in one of Dabaco’s farms. VNS/VNA Photo HÀ NỘI — Dabaco Group (DBC) just released its assessment for the company’s business activities in the second quarter and the first six months of 2021.  Accordingly, in the second quarter, Dabaco’s revenue reached VNĐ3.8 trillion (US$166.3 million), up 40 per cent year-on-year. However […]


Food-beverage industry embraces new business model to overcome pandemic effects

Customers buy Kido products at a supermarket.  Compiled by Thiên Lý Packaged food producer KIDO Group has opened a chain of stores in HCM City selling the Chuk Chuk brand of ice cream, milk tea, tea, coffee, and fresh bakery products with an investment of VNĐ100 billion (US$4.4 million). With an additional 1,000 stores likely […]


Việt Nam to control CPI growth at less than 3 per cent

  The CPI increased in H1 due to increases in petrol and oil prices, the price of educational services, the price of rice and of construction materials. — Photo kinhtevadubao.vn HÀ NỘI — If Việt Nam could control inflation cautiously and proactively, the CPI for the whole of 2021 would rise by below 3 per cent, […]


City moves to reopen markets, supermarkets to prevent food prices from rising

  AEON Mall Tân Phú Celadon in HCM City being disinfected before reopening on July 2.  — Photo plo.vn HCM CITY — In order to stabilise food prices, HCM City authorities are considering how to reopen traditional markets, supermarkets and food stores while ensuring prevention and control of COVID-19 epidemic. Nineteen cases were detected at the Hóc […]


Analyst underates market, saying hard to find short-term profits

  Workers of FPT Corporation (FPT). Information technology stocks increased the most last week, mainly thanks to the increase of pillars such as FPT Corporation (FPT), up 7.9 per cent. Photo courtesy of FPT HÀ NỘI – Analysts from securities companies have a bleak outlook on the market trend this week and say that finding short-term profits […]


E-commerce giant Shopee identifies 4 shopper types in Việt Nam

  Many promotion programmes are designed to meet the demand of various types of shoppers during Shopee 7.7 Super Sale  — Photo courtesy of Shopee Vietnam HCM CITY — Value is the most important factor for online shoppers, a survey by e-commerce platform Shopee has found. Of 24,000 consumers it polled, 57 per cent said they are driven by the […]


Retailers overwhelmed by surge in online orders for essential items

  A worker from a supermarket in HCM City delivers goods to customers. Photo congthuong.vn HCM CITY — The unprecedented volume of online orders at major grocers and supermarket chains in HCM City due to the public’s concern over COVID-19 has resulted in cancellations and long delays in delivery. “I called the supermarket’s customer hotline for online ordering early in […]


DHL Express to use Airbus A300 for shipments from Hong Kong to HCM City

  Airbus A300. DHL Express has announced it will have a dedicated Airbus A330 aircraft for shipments directly from its Asian hub in Hong Kong to HCM City — Photo courtesy of DHL Express HCM CITY —  DHL Express has announced it will have a dedicated Airbus A330 aircraft for shipments directly from its Asian hub in Hong Kong to HCM City six times a […]


IFC helps GreenFeed Vietnam expand

  A pig farm of GreenFeed Vietnam. — Photo courtesy of the company HÀ NỘI — The International Finance Corporation (IFC) has invested VNĐ1 trillion (US$43 million) into GreedFeed Vietnam Corporation to help it expand its pork production activities. The investment, made through a seven-year bond, will allow the company to increase its pig breeding […]


VN Engine and Agricultural Machinery Co to pay dividend at 49.9 per cent

  Việt Nam Engine and Agricultural Machinery Corporation’s assembly plant in Bỉm Sơn Town, Thanh Hóa Province. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Việt Nam Engine and Agricultural Machinery Corporation (VEAM) plans to spend VNĐ6.63 trillion (US$287.2 million) to pay dividends in 2020 with a ratio of 49.9 per cent. The information was released […]


E-commerce platforms to be connected with tax agencies from next year

  A consumer doing online shopping on an e-commerce platforms. The tax watchdog was eyeing taxes from the sellers operating on online platforms. — Photo haiquanonline.com HÀ NỘI — E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect […]


Shares mark third rising week on market divergence

  A customer looks at smartphones at Mobile World’s shop in Hà Nội. MWG topped the gainers with growth of 5.7 yesterday. VNS Photo Mai Hương HÀ NỘI — Shares ended this week in the green, marking a third consecutive rising week. On the Hồ Chí Minh Stock Exchange, the VN-Index closed Friday up 0.23 per […]


Việt Nam records nearly $1.47b trade deficit H1

  Bình Dương Province-based Protrade Garment JSC workers make garment products for export to the US. — VNA/VNS Photo Trần Việt  HÀ NỘI — Việt Nam’s trade turnover hit US$316.7 billion in the first half of this year, surging 32.2 per cent year-on-year, according to the Ministry of Industry and Trade. Of the total, its exports reached $157.6 billion, up […]