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VN firms get opportunity to increase influence on global supply chains

  Garment company Phong Phú Corporation in HCM City’s Thủ Đức City. Photo sggp.org.vn HCM CITY – The disruption of the global supply chain has caused many foreign businesses to source goods from Vietnamese enterprises, which has increased export opportunities for the country. The difficult situation caused by the pandemic in the EU, the US […]


Regulating digital credit scoring in Vietnam: An imperious necessity?

In Việt Nam, banks and consumer lending companies thrive for providing a ‘fast and easy’ credit experience as well. –Photo kinhdoanhvatiepthi.vn  Op-Ed Nicolas Lainez, PhD* Big data and AI are transforming the credit industry in Southeast Asia. This process is visible in Việt Nam where credit markets undergo rapid expansion. With some 60 million un(der)banked citizens […]


Businesses want HCM City to delay collection of port infrastructure fees

  Cái Mép – Thị Vải port in HCM City. VNA/VNS Photo  Compiled by Thiên Lý In December last year, the HCM City People’s Council issued a resolution on collecting fees for using infrastructure facilities and public services at local ports. The fees, to be collected from July 1 this year, will be used to […]


MoIT denies proposing price stabilisation fund for steel

  From the beginning of this year, steel prices jump by 40 per cent in the market, troubling most of the construction project and many other businesses in the country. — VNA/VNS file photo. HÀ NỘI — The Ministry of Industry and Trade (MoIT) has denied rumours that it proposed the establishment of a State stabilisation […]


Shares to reach new heights on cash flow but risks abound

  Workers at Dung Quất Oil Refinery in the central province of Quảng Ngãi, operated by Bình Sơn Refining and Petrochemical JSC (BSR). BSR rose 11.5 per cent last week. — Photo bsr.com.vn HÀ NỘI — Cash flow will continue to help the stock market rise to new heights, but it is time for investors to focus on risk management, […]


Google facilitating growth of Việt Nam’s game industry

  A man programming a game. Google, in collaboration with leading game companies and experts, held a series of Think Games Vietnam to help promote the country’s game industry. — Photo trainghiemso.vn HCM CITY — Google, in collaboration with leading game companies and experts, held a series of Think Games Vietnam events last week. It also announced […]


HCM City to set up centre to support companies’ digital transformation

  The Quang Trung Software City in HCM City’s District 12. Photo qtsc.com.vn HCM CITY — The Quang Trung Software City Development Co in HCM City is collaborating with the city Departments of Information and Communications and Science and Technology to set up a centre for supporting businesses achieve digital transformation, it says on its website. DXCenter, […]


Moody’s raises HDBank’s credit rating outlook from stable to positive

  An HDBank transaction office in HCM City. Moody’s raises HDBank’s credit rating outlook from stable to positive. — Photo courtesy of the bank HCM CITY — Moody’s Investors Service has affirmed the B1 long-term local and foreign currency deposit and issuer ratings for the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank). […]


HDBank to pay 25 per cent dividend in shares, Moody’s raises credit rating outlook

   An HDBank transaction office in HCM City. — Photo courtesy of the bank HCM CITY — The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) has announced plans to increase its charter capital to more than VNĐ20.273 trillion (US$879.48 million) by paying dividends for 2020 in shares and an employee stock option […]


Small tourism businesses struggle to adapt to COVID-19

More effective COVID-19 prevention needed to protect hospitals 51st patient dies of COVID-19 related complications Việt Nam sees 50th death related to COVID-19 Children in quarantined areas get money for meals The unsung heroes on the frontline Đà Lạt’s night market is now deserted due to COVID-19. Photo courtesy of Nguyễn Nhật Trường Ly Ly […]


Manufacturing sustained in HCM City despite social distancing

  Workers at an embroidery factory in HCM City. VNA/VNS Photo Thanh Vũ HCM CITY — Industrial production in HCM City has not been affected since a two-week social distancing period began on May 31 to curb the spread of COVID-19. Gò Vấp District and Thạnh Lộc Ward in District 12, which had reported the highest number of […]


VN game industry can become big exporter: experts

A mobile music game from Vietnamese publisher Amanotes. Việt Nam’s mobile gaming market has huge growth potential due to the popularity of gaming and enormous number of smartphone users. – VNS Photo Việt Dũng HCM CITY – Việt Nam’s mobile game market has huge potential and games can become one of the country’s major exports, […]


Special mechanism needed for expressway construction in localities: expert

  Hạ Long-Hải Phòng Expressway is the first expressway to be implemented by the locality, using the provincial budget and capital mobilised from the public-private partnership (PPP) model. VNA/VNS Photo Huy Hùng HÀ NỘI – Special encouragement policies and mechanisms are needed for expressway construction to help localities in disadvantaged and mountainous areas secure investment, an expert […]


Vietnam Post licenced to provide intermediary payment services

  Vietnam Post has made strong investment in infrastructure, technical and modern technology solutions to meet requirements of intermediary payment services as well as the digital era. — Photo vneconomy.vn     HÀ NỘI — The State Bank of Việt Nam has licensed Vietnam Post to conduct intermediary payment transactions through its PostPay platform. The platform would […]


AI app helps push mask wearing on public transport

  A bus on a street in HCM City. — VNA/VNS Photo     HÀ NỘI — An artificial intelligence (AI) app that issues warnings when facemasks are not being worn has been introduced on public transport to raise awareness of seriously observing the Ministry of Health’s “5K message”. The computer vision app, which was […]


Mid-cap stocks in these five sectors will attract investment flows in June: VNDIRECT

Inside Century Synthetic Fiber’s plant. The company is on the list of recommended stocks of VNDIRECT in June. Photo courtesy of Century Synthetic Fiber HÀ NỘI — In the recent monthly outlook report for June, VNDIRECT Securities Corporation (VND) said that besides large-cap stocks, some mid-cap stocks from steel, real estate, financial services, textile and seafood industries […]


Military-developed robot sent to Bắc Giang to support COVID-19 fight

  A Vibot can carry goods weighing 100 kilos. — Photo qdnd.vn HÀ NỘI — A medical robot manufactured by the Military Technology Academy to support COVID-19 prevention and control activities was sent to the current largest pandemic hotspot in the northern province of Bắc Giang earlier this week. The robot, called “Vibot,” is the […]


EU business group calls for work on ASEAN economic agenda

  The EU-ASEAN Business Council has published two papers calling for more progress on ASEAN’s regional economic agenda. — VNS Photo HCM CITY — The EU-ASEAN Business Council has published two papers calling for more progress on ASEAN’s regional economic agenda and linking a durable recovery from the pandemic to the region’s leaders and trade […]


Shares gain for six straight sessions on oil stocks and blue-chips

  Gas tanks stored at PetroVietnam Gas South, a member of PetroVietnam Gas Corporation (GAS). The company’s shares gained 3.4 per cent on Friday. — Photo courtesy of GAS HÀ NỘI –  Shares gained for six consecutive sessions on Friday thanks to buying focusing on energy stocks and some individual blue-chips, boosting indices despite strong selling of […]


Chu Lai Port, a new gateway for exports in central region

  Chu Lai Port has a favourable location, connecting with industrial parks and regions. — Photo courtesy of THACO QUẢNG NAM — As a new export gateway in the central and Central Highlands regions, Chu Lai Port belonging to Trường Hải International Logistics Limited Liability Company (THILOGI) has expanded in scale and upgraded the entire […]