Việt Nam is emerging as the most digital of all economies in the region. — VNA/VNS Photo HÀ NỘI — Việt Nam’s digital economy will likely reach US$52 billion in value by 2025, according to the e-Conomy SEA 2020 report by Google, Temasek and Bain & Company. With gross merchandise value (GMV) of its internet […]
The Hong Kong-invested EVA Hải Phòng Precision Co Ltd’s factory at the VSIP Hải Phòng Industrial Park. VNA/VNS Photo Danh Lam HÀ NỘI — As of April 20, Việt Nam attracted US$12.25 billion in foreign direct investment (FDI), equivalent to 99.3 per cent compared to the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment […]
A shrimp processing line for exports. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Việt Nam witnessed the growth of exports and imports in the first four months of 2021 hitting a 10-year record high, data of the General Statistics Office (GSO) shows. From January-April, exports totalled US$103.9 billion, an increase of 28.3 per cent against […]
Trading hours at Hồ Chí Minh City Securities Corporation (HSC). Photo nhipcaudautu.vn HÀ NỘI — As the market benchmark VN-Index broke the psychological level of 1,200 points, along with many positive outlooks about the market, securities firms set big growth targets for 2021. Of which, many companies expected their profits to reach trillions of đồng. At the General Meeting of […]
EVN’s headquarters in Hà Nội. The group aims to earn annual operating profits while developing State capital invested in EVN and its own capital channelled into other companies. — Photo evn.com.vn HÀ NỘI — The Việt Nam Electricity (EVN) is aiming to raise its customer service quality to a level on par with ASEAN’s top […]
Headquarters of Vietnam Technological and Commercial Joint Stock Bank (Techcombank or TCB) in Hà Nội. TCB soared 5.9 per cent on Tuesday. Photo Techcombank HÀ NỘI —The stock market closed the first session of May on a mixed note as the growth of banking shares rescued the VN-Index from a fall while the HNX-Index slumped […]
A Vietjet plane lands at the Tân Sơn Nhất International Airport in HCM City. — Photo courtesy of Vietjet HCM CITY – Vietjet Aviation Joint Stock Company has released its financial results for the first quarter of 2021 with positive indicators of recovery. During the period, the quarterly revenue and pre-tax profit of Vietjet’s parent company […]
A garment and textile processing line at Hưng Việt Garment JSC in Hưng Yên Province. The total capital poured into the economy topped VNĐ1.42 quadrillion in the first four months. — VNA/VNS Photo Trần Việt HÀ NỘI — The number of new enterprises established in the first four months of 2021 rose 17.5 per cent […]
Customers buy gold at Phú Quý gold shop in Hà Nội. VNA/VNS Photo Trần Việt HÀ NỘI — Việt Nam is the largest gold market in Southeast Asia, according to a recent study of the World Gold Council (WGC). The WGC also announced the country among the top 10 markets in the world, saying consumer […]
The Lenger Việt Nam Seafood Company processes clams for sale in both export and domestic markets. — VNA/VNS Photo Vũ Sinh HCM CITY — Việt Nam saw strong import-export recovery in the first quarter, estimated at US$152.65 billion, up 24.1 per cent year-on-year, said an industry and trade official. Trần Thanh Hải, deputy director of the Agency […]
Based in the southern province of Sóc Trăng, Sao Ta is engaged in farming and processing prawn and shrimp. Its products are mostly sold in Japan, the US and Canada. Photo cafef.vn HÀ NỘI — Vietnamese agriculture and food company PAN Group JSC (PAN) has announced plans to contribute VNĐ100 billion (US$4.3 million) to […]
Rubber latex of Quảng Trị Rubber Co Ltd. Việt Nam’s rubber industry needs to develop its production chain to meet the increasing demands of export markets. VNA/VNS Photo Hồ Cầu HÀ NỘI — Việt Nam’s rubber industry needs to develop its production chain to meet the increasing demands of export markets, especially fastidious markets […]
Sabeco’s brewery production line. This year, Sabeco aims to achieve revenue of VNĐ33.49 trillion, up by 20 per cent. — Photo sabeco.com.vn HÀ NỘI – Việt Nam’s largest brewer Sài Gòn Beer-Alcohol-Beverage JSC (Sabeco) earned VNĐ986 billion (US$42.6 million) in post-tax profit in the first quarter of this year, an increase of 37.5 per cent compared to […]
Võ Trí Thành *Võ Trí Thành The COVID-19 pandemic is reshaping the world, driving many countries to adjust their policies regularly to keep the disease at bay while sustaining economic growth. Amid huge challenges, an inspiring success story like Việt Nam has helped the country climb steadily in global brand value and […]
A steel factory in Hải Dương Province. Prices of construction materials are rising, affecting many businesses. – VNA Photo Danh Lam HCM CITY – Prices of construction materials such as steel, bricks and sand are recovering post-pandemic, hitting contractors’ profits. Cao Văn Hồng, a contractor, told Thanh Niên newspaper that the cost of construction […]
Phú Mỹ 3 industrial zone in Bà Rịa-Vũng Tàu Province. Local industrial parks need to expand to meet the rising demand for land rentals. — Photo baobariavungtau.com.vn BÀ RỊA-VŨNG TÀU — New waves of investment coming to the southern province of Bà Rịa-Vũng Tàu are predicted to increase demand for land rentals at local industrial […]
One of PVD’s offshore jack-up rigs. The company shares lost 6.2 per cent in market capitalisation last week. Photo PetroTimes HÀ NỘI — Việt Nam’s stock market recorded strong fluctuations last week, but the VN-Index still gained overall. With negative market breadth but higher liquidity, some analysts from securities firms expect the market to stay bullish while others said a downward […]
Businesses need more capital to recover their production activities this year. — Photo cafef.vn HÀ NỘI — Strong increase in capital demand has been seen as production activities of enterprises gradually showed signs of recovery, forcing banks to reschedule their lending plans. According to the State Bank of Việt Nam (SBV), deposit and lending interest rates […]
HCM City reported a foreign direct investment (FDI) influx of $1.14 billion in the first four months this year. — FDI-Vietnam.com HCM CITY – HCM City reported a foreign direct investment (FDI) influx of USD1.14 billion in the first four months of 2021, a year-on-year decline of 12.92 per cent. Approximately $360 million was channelled […]
A Vietjet aircraft takes off from the Tân Sơn Nhất International Airport. — Photo courtesy of Vietjet HCM CITY – Vietjet Aviation Joint Stock Company (HOSE: VJC) has released its audited annual financial statements for 2020. The audited revenue of Vietjet’s parent company in 2020 was reported at more than VNĐ15.2 trillion (US$657.9 million). Its consolidated […]
