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PNJ targets 20% revenue growth this year

  Cao Thị Ngọc Dung, chairwoman of PNJ, talks about the company’s plans for this year at its annual general meeting of shareholders held in HCM City on April 17. — VNS Photo HCM CITY — Phú Nhuận Jewelry Joint Stock Company (PNJ) targets net revenues of more than VNĐ21 trillion (US$910.09 million) and net […]


Strong supply keeps pouring into the industrial market: JLL

  Thăng Long II Industrial Zone in Mỹ Hào District, Hưng Yên Province. VNA/VNS Photo  HÀ NỘI — The supply of industrial property in the South is expected to rise further in the next five years to capitalise on the increasing demand in the region, and further strengthen its leading position in terms of supply, according […]


Will market continue its downward trend this week?

No Va Land Investment Group’s head office in Nguyễn Du Street, District 1, Hồ Chí Minh City. Photo vinhomecitys.com HÀ NỘI — The market ended lower last week as many large-cap stocks faced selling pressure after the VN-Index hit a new high of over 1,255 points. Some analysts from securities firms expected that the market’s bullish trend will […]


International credit rating organisations interested in Vietnamese market

  Nguyễn Hoàng Dương, Deputy Director of the Finance Ministry’s Department of Banking and Financial Institutions, speaks at the seminar. Photo vietnambiz.vn HÀ NỘI — Many international credit rating organisations want to join the Vietnamese market, attendees heard at a seminar in HCM City on Friday. Nguyễn Hoàng Dương, Deputy Director of the Finance Ministry’s Department […]


Giant container port operator, Viettel in strategic tie-up

  Saigon Newport Corporation and telecom company Viettel sign an agreement on Thursday (April 15) to promote the use of IT and develop logistics and other services. VNS Photo Thu Hằng HCM CITY — The country’s largest container terminal operator, Saigon Newport Corporation, and military-owned telecom company Viettel on Thursday (April 15) signed an agreement to promote the use of IT […]


US removes Vietnam out of list of currency manipulators

  Illustrative photo. Photo: 24h.com.vn HÀ NỘI — The US Treasury has removed Việt Nam and Switzerland from the list of countries labeled as currency manipulators, reversing a decision of the administration under President Trump last December.   The US Treasury said in its semi-annual report on forex and macro-economic policies of big trade partners of […]


Development skewed in HCM City region real estate market

  Developers and authorities discuss the HCM City region property market at a workshop in the city yesterday (April 16). — VNS Photo Thu Hằng HCM CITY — The skewed concentration of property projects in some areas of HCM City has resulted in an imbalance in the development of satellite cities and causes a strain on the […]


Vietnamese electric motorbike start-up gets foreign funding

  Dat Bike motorbike. — VNS Photo HCM CITY — Dat Bike, a Vietnamese technology start-up that plans to make electric motorbikes, has raised US$2.6 million in a pre-series A funding from Singapore’s Jungle Ventures, Wavemaker Partners, Hustle Fund, and iSeed Ventures.  Electric motorbikes are usually weak and have a low range, delivering only half the performance […]


Vietinbank eyes US$728.1 million pre-tax profit

  Vietinbank’s chairman Lê Đức Thọ delivered a speech at the 2021 annual general meeting of shareholders. — VNS Photo  HÀ NỘI — Vietinbank (CTG) targeted pre-tax profit of VNĐ16.8 trillion (US$728.1 million) in 2021, increasing 2.14 per cent from last year. The information was released at the Vietinbank 2021 annual general meeting of shareholders held […]


Hà Nội sees strong recovery of property market in Q1

  HÀ NỘI — The Hà Nội property market is expected to recover strongly this year thanks to positive performance in the housing segment in the first quarter, according to experts. CBRE Việt Nam’s survey in the first quarter of 2021 revealed there were approximately 4,400 condominium units launched in Hà Nội, up 270 per cent year-on-year but […]


Việt Nam, Singapore beef up investment links in industry

  A part of the VSIP Hải Phòng Industrial Park. — VNA/VNS Photo Văn Lanh SINGAPORE  A forum to promote industrial investment in Việt Nam was held online on Thursday as part of the Việt Nam International Trade Fair (Vietnam Expo 2021) in Singapore. Addressing the forum, the Director of the Trade Promotion Agency under the Ministry of Industry and […]


Local firms need good governance to participate in global supply chain

  Importers require their potential partners to have a good supply chain management system. — Photo vneconomy.vn HÀ NỘI — Besides churning out high-quality products, Vietnamese producers must meet other strict requirements of importers, including a good governance system, to enable them to participate in the global supply chain, experts said. Nguyễn Thị Thu Thủy, deputy […]


Hải Phòng targets US$1.5 billion in FDI in the second quarter

  A production line at the Jasan Vietnam company  at VSIP Hải Phòng. The northern port city of Hải Phòng targets US$1.5 billion in foreign direct investment (FDI) in the second quarter of 2021. — VNA/VNS Photo Danh Lam HẢI PHÒNG — The northern port city of Hải Phòng is targeting US$1.5 billion in foreign direct investment […]


Trung Nam Group completes largest wind farm in Việt Nam

  The 152 MW  wind farm that Trung Nam Group finished yesterday in Ninh Thuận’ Province is the largest in Việt Nam. — Photo courtesy of Trung Nam NINH THUẬN — Trung Nam Group inaugurated the last phase of its wind farm yesterday in the central province of Ninh Thuận’s Thuận Bắc district, making the 152 MW farm the […]


Korean firms look to invest in auto parts industry in Việt Nam

  Workers at Hyundai Thanh Cong in Việt Nam. Many businesses from the Republic of Korea (RoK) are looking to connect and get more information about the Vietnamese market as well as investment policies of the country, especially in auto parts, mechanics, and electronics. — VNA/VNS Photo HÀ NỘI — Many businesses from the Republic of Korea (RoK) […]


VN-Index loses over 8.5 points, foreign investors keep fleeing market

Customers buying Vinamilk products in a supermarket. The company shares posted the biggest loss in market capitalisation on Friday, down over 2 per cent. Photo vinamilk.com.vn HÀ NỘI — Shares edged lower yesterday as selling pressure persisted but falls were capped by strong performance of real estate stocks. The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) closed […]


The PAN Group – From circular economy to sustainable development

  Nguyễn Thị Trà My,  CEO of The PAN Group HÀ NỘI — The amount of resources currently exploited is four times more than it was half a century ago, according to the 2019 report of the United Nations Environment Programme (UNEP).  The bad news is that the amount of natural resources used is still increasing rapidly. The Global Footprint Network […]


Local firms focus on customer experience

  In Việt Nam, large enterprises and SMEs place significantly less emphasis on boosting their focus on innovation, SAP has revealed. — Photo theleader.vn HÀ NỘI — According to a new study, large Vietnamese enterprises are likely to have strategic priorities focusing on growth (42 per cent) as companies respond to market volatility and widespread operational disruptions. […]


LIXIL redefining corporate culture through transformation

Satoshi Konagai, leader of LIXIL Water Technology – APAC. — Photo courtesy of LIXIL LIXIL, a global leader in housing and building materials, and known in Viet Nam as a provider of global brands such as American Standard, GROHE, INAX and TOSTEM, has been able to nimbly adapt and transform during the COVID-19 pandemic. Satoshi Konagai, leader […]


Wood export expected to hit a new record

A worker checks furniture products at Tài Phước Co., Ltd. in Phú Tài Industrial Park in the central coastal province of Bình Định. — VNA/VNS Photo Vũ Sinh HÀ NỘI — Việt Nam’s wood exports have increased over the last few years and are expected to reach a new record in 2021. The export turnover of wood and wood products has […]