Latest News in Vietnam

News



An Giang looks to attract five FDI projects in 2021

  A part of An Giang Province. — Photo baotintuc.vn AN GIANG The Mekong Delta province of An Giang wants to attract at least five foreign-invested projects and more than 60 domestic projects this year with a combined investment capital of over VNĐ15 trillion (US$650 million). It also aims to put at least 50 per cent of all licensed projects into operation. Considering agriculture […]


Travel bubble not the solution for Việt Nam: report

Minh Hương While Taiwan and the Pacific island nation of Palau implemented a travel bubble on April 1, letting tourists travel between the two countries without any quarantine, experts think doing the same thing in Viet Nam wouldn’t be easy. A McKinsey & Company research report titled ‘Reimagining tourism: How Vietnam can accelerate travel recovery’ released in […]


Good control of pandemic will accelerate credit growth: experts

  Clients make transtraction at the HDBank branch in Hà Nội. VNA/VNS Photo Trần Việt  HÀ NỘI — Credit growth will expand significantly from the second quarter and exceed the State Bank of Vietnam (SBV)’s target of 12 per cent for the year as a whole if the pandemic is brought under control and the […]


Enterprises need to accelarate restructuring and increase resilience

  Trần Thanh Hải, Deputy Director of the Import and Export Department (Ministry of Industry and Trade). Trần Thanh Hải, Deputy Director of the Import and Export Department (Ministry of Industry and Trade), talks to the People’s Army newspaper about how businesses should be prepared to adapt to the new situation as the COVID-19 pandemic has seriously […]


New stock trading accounts hit record high in March

  The stock market saw nearly 258,000 new trading accounts opened in the first quarter, accounting for 65 per cent of the figure recorded in 2020 as a whole. VNA/VNS Photo HÀ NỘI — Securities companies registered 113,875 new domestic trading accounts in  March, breaking the record set in January of 86,107, according to the Việt […]


Market reverses course, but losses capped by gains in real estate stocks

Vinhomes Royal City, the urban area project built by Vingroup. The company’s shares increased more than 6 per cent on Tuesday, limiting the market’s losses. — Photo vinhomescorp.vn HÀ NỘI — Việt Nam’s stock market edged lower on Tuesday as selling pressure reappeared in many sectors. The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE), fell […]


Hòa Phát Group to start construction on container plant in June

  Raw materials for the production of shipping container are hot rolled coil (HRC) weather-resistant and expensive SPA-H steel. — Photo courtesy of Hòa Phát Group HÀ NỘI — Steel maker Hòa Phát Group will start construction of a cargo container plant in June this year in the southern province of Bà Rịa – Vũng […]


Dragon Capital buys more 1.2 million shares of steel giant Hoà Phát

  HPG shares are being traded at VNĐ49,550 per share on the stock market, up 10 per cent since the end of March but almost flat in recent sessions. Photo Hoà Phát Group HÀ NỘI — Hanoi Investments Holdings Limited, run by Dragon Capital, announced it has purchased an additional 1.2 million shares of steel giant Hoà Phát Group (HPG), […]



Domestic garment and textile industry sees positive signs

  A garment and textile production line at Vinatex. The local garment and textile businesses have found a suitable direction despite the COVID-19 pandemic. — Photo vinatex.com.vn   HÀ NỘI — The country’s garment and textile exports have seen recovery with turnover of US$7.2 billion in the first quarter of the year, slightly increasing 1.1 per […]


VNG reaches $261m revenue in 2020

  VNG campus in HCM City. The firm earns a revenue of VNĐ6.024 trillion (US$261.9 million), an increase of 16.3 per cent from the previous year during the pandemic. — Photo courtesy of VNG     HÀ NỘI — Tech giant VNG has announced revenue of VNĐ6.024 trillion (US$261.9 million) in 2020, up 16.3 per […]


Automobile firms report sales growth in March

    Automobiles manufactured in Ford’s Hải Dương plant. Ford Vietnam’s sales in the first quarter of 2021 rose 52 per cent against the same period last year. VNA/VNS Photo Trần Việt    HÀ NỘI — Automobile manufacturers reported growth in sales in March. Ford Vietnam’s sales in the first quarter of 2021 rose 52 per cent against the same period last […]


PV Power reports over $31.2m in post-tax profit in Q1

  Vũng Áng 1 thermal power plant. PV Power reported post-tax profit of VNĐ720 billion (over US$31.2 million) the first quarter of 2021. — VNA/VNS Photo Huy Hùng HÀ NỘI — PetroVietnam Power Corporation (PV Power) reported post-tax profit of VNĐ720 billion (over US$31.2 million) in the first quarter of 2021, surpassing the quarterly plan by 6 per cent. Deputy […]


Local airlines add more flights, increase prices for upcoming holiday

  Airplanes are seen at Nội Bài International Airport. More flights have been added to serve rising demand for upcoming holiday but more expensive airfares upset many locals. VNA/VNS Photo Huy Hùng   HCM CITY — Local airlines have increased flights to popular destinations to meet travel demand during the upcoming national holiday season. However, the fares are rising by the […]


Demand for laptops remains high amid work, study from home

  A Customer looks at a laptop at an FPT shop in HCM City. Photo courtesy of FPT Shop HCM CITY – Laptop sales, which began to boom at the beginning of 2020 following the Covid-19 outbreak, remain strong as studying and working from home continue. Nguyễn Thế Kha, senior director of mobility groups, FPT Shop, […]


Overseas Vietnamese continue to find VN real estate market irresistible

A view of Đà Nẵng CIty. Industry insiders said the real estate market has many attractions for overseas Vietnamese, including diversity of products, promotions and flexible payment schedules. — Photo bnews.vn  Compiled by Thiên Lý Hoàng Công Khương has lived in Poland since 2002, and he and his wife run a small business there. He said most […]


Mekong Delta needs more investment in transport infrastructure

  The Long An seaport in the Cửu Long River region. This region needs deep-water seaports to receive large ships transporting export goods. VNA/VNS Photo Bùi Giang HÀ NỘI — Investment in transport infrastructure in the Mekong Delta is key to boosting exports of local agricultural and seafood products, according to experts. The Mekong Delta has […]


Thép Nam Kim sees steel exports soar

Nam Kim Steel’s products in storage. Photo tonnamkim.com  HÀ NỘI — Nam Kim Steel JSC (NKG) announced it had produced a total of 244,301 tonnes of steel products in the first quarter, exporting a record of 151,992 tonnes, mostly to European countries and the US. A recent report showed NKG’s production reached 101,766 tonnes in March, of which galvanised steel […]


Bình Phước to expand IP space

  Bình Phước Province will build several new industrial parks and expand some existing ones. – Photo baodautu.vn BÌNH PHƯỚC – Bình Phước Province will build four new industrial parks and expand three existing ones by 2030. Three of the new ones will come up in the Hoa Lư Border Gate Economic Zone, a 28,000ha […]


Shares to climb on positive Q1 earning results

  FPT Corporation’s software programmers. FPT rose 2.9 per cent last week. VNA/VNS Photo Danh Lam HÀ NỘI — Shares are forecast to go up this week, propelled by foreign net buying and positive first-quarter business results from listed companies. The VN-Index on the Hồ Chí Minh Stock Exchange declined for a second day on […]