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Market rises, VN-Index climbs for second consecutive session

A Vietnam Rubber Group worker collecting latex at a rubber plantation. The company shares hit the maximum daily gain of 7 per cent on Wednesday. Photo courtesy Vietnam Rubber Group HÀ NỘI — Shares finished higher on Wednesday with the VN-Index recording a second straight daily gain, backed by large-cap stocks from real estate, materials and banking sectors.  The […]


Việt Nam’s economic growth likely to expand 6.7 pct in 2021: ADB

  Highrises in Ngoai Giao Doan complex in Hà Nội’s Bắc Từ Liêm District. In its latest Asian Development Outlook 2021, ADB said Việt Nam’s economic growth is expected to rebound to 6.7 per cent this year. VNS Photo Khánh Chi HÀ NỘI – Việt Nam’s economic growth is expected to rebound to 6.7 per cent this year […]


HDBank keeps raising its performance bar

  HDBank’s board of directors answer questions from shareholders and investors at its annual general meeting held on April 23. — Photo courtesy of the bank HCM CITY — This is the first year of a five-year plan for HDBank and a busy one for its whole eco-system as it plans to undertake many more […]


CPTPP opens up prospects for Việt Nam’s exports to the Americas

Two years after it came into effect, Việt Nam posted improved exports to many CPTPP member countries in the region. — File Photo HÀ NỘI — Two years after it came into effect, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has helped Việt Nam boost its exports and open the door to trade in […]


Tax watchdog eyes further reforms in the next ten-year period

  A taxpayer provided with consultancy. The tax watchdog was eyeing further reforms in 2021-30 to bring Việt Nam to the top 30 in the world in terms of the ease of doing business. — VNA/VNS Photo HÀ NỘI — The tax watchdog was eyeing further reforms in the 2021-30 period with focus on simplifying tax procedures and applying […]


Rakuten Viber to increase video call capacity

  Rakuten Viber will increase its group video calling capacity to 30 participants. — VNS Photo HCM CITY — Rakuten Viber is set to expand its group video calling capacity to 30 participants in response to growing demand and usage. The update will come after the messaging app rolls out the Grid View on both desktop […]


HCM City to expand mobile, e-commerce coverage

  An e-commerce platform for high quality Vietnamese goods launched earlier this year. HCM City aims to develop e-commerce and mobile commerce. – VNA Photo Mỹ Phương HCM CITY – HCM City aims to develop mobile commerce and expand e-commerce coverage in domestic markets until 2030, focusing on high quality platforms and co-operation between platforms and […]


Construction firms face bankruptcy as steel prices soar

  The Hoa Sen Group’s employee check products in a warehouse. The company’s profit after tax rose over 200 per cent year-on-year in Q1. — Photo courtesy hoasengroup.vn HÀ NỘI — Local construction firms face the risk of bankruptcy as the price of steel has soared 40 per cent recently. The price of construction steel is now nearly VNĐ19,000 per […]


Market understanding key for VN’s timber and wood products to thrive

  Vice director of Việt Nam Administration of Forestry Bùi Chính Nghĩa. Photo chinhphu.vn Vice director of Việt Nam Administration of Forestry Bùi Chính Nghĩa told the online newspaper of Government chinhphu.vn about the impressive growth of Việt Nam’s timber and wooden product sector, particularly amid the COVID-19 pandemic For the first three months of […]


Gov’t affirms FDI’s important role in Vietnamese economy

  Deputy Prime Minister Phạm Bình Minh speaks at the forum. Photo bnews.vn HÀ NỘI — The foreign direct investment (FDI) sector continues to be an important economic driver, contributing to making Việt Nam more prosperous, Deputy Prime Minister Phạm Bình Minh said. At the connections for development forum 2021 with the theme ‘Presenting opportunities and challenges […]


Vinaconex to issue $173.3 million of bonds

  A crane operated at a construction site of Vinaconex. Vinaconex is aiming to achieve revenue of VNĐ12.23 trillion this year, up 141 per cent year-on-year. — VNA/VNS Photo HÀ NỘI — Việt Nam Construction and Import-Export Joint Stock Corporation (Vinaconex) plans to raise a large amount of capital in 2021 by issuing VNĐ4 trillion (US$173.3 million) worth […]


Petrolimex expects both revenue and profit up this year

  A motorist buys fuel at a Petrolimex station in Hà Nội. — VNA/VNS Photo HÀ NỘI – The Việt Nam National Petroleum Group (Petrolimex or PLX) is aiming to earn VNĐ135.2 trillion (US$5.86 million) and VNĐ3.36 trillion in revenue and pre-tax profit this year, an increase of 9 per cent and 238 per cent year-on-year, […]


VN-Index bounces back on large-cap stocks

A customer buying Masan products in a supermarket. — Photo Bnews/VNA HÀ NỘI — Shares ended mixed on Tuesday, with the market benchmark reversing course on large-cap stocks as domestic and foreign investors flocked back.  The VN-Index edged higher yesterday, up 3.98 points, or 0.33 per cent, to 1,219.75 points. The index lost slightly in the morning […]


Unused slots to be seized: CAAV

  Aircrafts of airlines at an airport. The Civil Aviation Authority of Việt Nam will take back take-off and landing slots that have not been used for five consecutive weeks since March 28 from airlines to prevent the ineffective use of slots. Photo vietnamplus.vn  HÀ NỘI — The Civil Aviation Authority of Việt Nam has warned that flight slots […]


Bamboo Airways maintains highest on-time performance

  Bamboo Airways operates 96 per cent of its flights on time. — Photo courtesy of the airline HÀ NỘI — Bamboo Airways has maintained its top spot with the most on-time performance and lowest rate of flight delays and cancellations of all Việt Nam’s commercial airlines, according to newly-released statistics from the Civil Aviation Authority of Việt […]


US group proposes US$15 billion LNG project in Sóc Trăng

  Sóc Trăng Province’s leaders worked with the investor’s representatives. — Photo congthuong.vn HÀ NỘI — Millennium Energy Vietnam Co Ltd, a member of the US-based Millennium Group, has proposed to develop a liquefied natural gas (LNG) project in Sóc Trăng Province. Once approved, it would be the largest LNG project in the Mekong Delta […]


Indochina Kajima and VietinBank enter into a strategic partnership

  Indochina Kajima and VietinBank sign a strategic partnership to provide the market with innovative real estate. — Photo courtesy of Indochina Capital HCM CITY — Indochina Kajima Development Limited (Indochina Kajima), a joint-venture of Indochina Capital and Kajima Corporation, has signed a strategic partnership with VietinBank. Together, the two partners aim to provide the market with innovative […]


HCM City focuses on developing infrastructure for e-commerce

  HCM City is focusing on developing its infrastructure system serving e-commerce amid the rising trend in online shopping. — Photo: vtv.vn HCM CITY — HCM City is focusing on developing its infrastructure for e-commerce amid the rising trend in online shopping, according to the city’s Department of Industry and Trade. Figures from the department show that 62.5 per cent […]


Coteccon’s shareholders set high targets

    HÀ NỘI — Coteccons Construction Corporation (CTD) plans to post revenue of VNĐ17.4 trillion, up 20 per cent compared to 2020 with after-tax profits estimated to reach VNĐ340 billion. Although an increase from last year, the new forecast is lower than previous predictions of VNĐ23 trillion (US$1 billion). The new target was set at their annual […]


Support to be provided to SMEs in intellectual property

  A consumer shops for ST25 rice at a store in HCM City. Commercialising intellectual property and using it for business growth was critical for SMEs in a post-pandemic world. — VNA/VNS Photo  HÀ NỘI —  Support is to be provided to small and medium – sized enterprises (SMEs) enabling them to use intellectual property (IP) rights to […]