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HCM City to promote trade, investment in Germany’s Bremen state

  Speakers at a seminar on trade promotion and investment with the Bremen market organised by the Investment and Trade Promotion Centre of HCM City. Photo courtesy of the centre HCM CITY — HCM City and Germany’s Bremen State have great potential for cooperation in trade and investment in a range of fields, Hoàng Thị Hương, chief […]


Gas prices fall

Staff from a gas sales agent in HCM City’s District 3 delivers gas products to local customers. — VNA/VNS Photo HÀ NỘI  — Domestic gas prices fell by VNĐ20,000 (nearly US$1) per 12kg canister on Thursday after many consecutive months of hiking. The retail price of some gas brands will not exceed VNĐ403,000 per 12kg canister […]


Thriving equity market helps boost business transparency

  Traders work at the trading floor of Sài Gòn Securities Inc. The development of the equity market would help State-owned enterprises less dependent on bank credit loans, diversifying forms of capital mobilisation. VNS Photo Đoàn Tùng HÀ NỘI — The development of the equity market will help promote the transparency and corporate governance of […]


Domestic gold price hits three-month low

  Customers buy gold at a shop in Hà Nội. — VNA/VNS Photo Trần Việt HÀ NỘI — The domestic gold price on Wednesday fell to its lowest level since December 2020 at below VNĐ55 million (US$2,390) per tael in the wake of a sharp price drop of the precious metal in the world market. The Saigon […]


Market remains bullish as pillar stocks attract local investors

One of Masan Group’s stalls in a supermarket. The company shares posted the biggest gain in market capitalisation yesterday, up 4.52 per cent. — Photo masangroup.com HÀ NỘI — Stocks extended their rally on Wednesday as the appeal of materials and real estate stock persisted.  On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index rose 0.43 per cent […]


New interest rate level forecast in Q2 2021

  Many commercial banks have increased deposit interest rates since the beginning of March. Photo cafef.vn HÀ NỘI — After staying at a low level last year, deposit and lending interest rates will probably increase in the second quarter of this year as credit demand is high again when the COVID-19 pandemic is controlled and the economy rebounds […]


Export orders for wood products soar as industry understands power of internet

  Phạm Thị Hồng Quang, general director of Viet Source Handicraft Co., Ltd, introduces her virtual showroom on the HOPE platform. Effectively exploiting online marketing and sales channels has contributed to help Vietnamese wood processing firms receive abundant export orders despite Covid-19. — VNS Photo Xuân Hương HCM CITY — Having received an order worth US$920,000 […]


NextPay launches Next360 to help small firms promote digital transformation

  NextPay aunched the digital transformation ecosystem (Next360.vn) for small-and-medium enterprises (SMEs) and micro SME (MSME). — VNS Photo Vũ Hoa HÀ NỘI — Vietnamese e-payment solutions provider NextPay.vn, a member of the NextTech Group, on Wednesday launched its digital transformation ecosystem Next360.vn for small-and-medium enterprises (SMEs) and micro SMEs (MSMEs). The Next360 ecosystem is designed for […]


VinFuture receives more than 500 official nominators from 36 countries

  The Prize Council held its inaugural meeting on January 20, 2021, agreeing that nominations will be sought from all nations and on a global scale. — VNA/VNS Photo HÀ NỘI — The VinFuture Foundation has announced that more than 500 prominent scientists, universities, and organisations from 36 countries representing six continents have registered to […]


Mobile money good, but carries potential risks: economist

  Dr. Cấn Văn Lực, chief economist of the Bank for Investment and Development of Việt Nam Vietnamese authorities have begun a two-year trial of mobile money as they seek to promote non-cash payments and improve transaction efficiency in the economy. With mobile money services, people can open an account on their phones and do […]


Violations in e-commerce environment keep increasing

The seminar on online dispute settlement in Hà Nội on Tuesday. — Photo enternews.vn HÀ NỘI — There are more and more violations in e-commerce activities, with counterfeit goods, contraband goods and those infringing intellectual property rights all problems, experts have said. The warning was relayed at a seminar on online dispute settlement held by the […]


Việt Nam dental chain operator receives $24m from Singapore fund

  Kim Dental operates a network of 19 dental clinics across six cities in Việt Nam. It has received US$24 million series B round from ABC World Asia. — Photo kimdental.vn HCM CITY — ABC World Asia, the Singapore-based private equity fund specialised in impact investing across Asia, has announced it has led a US$24-million […]


FLC targets over US$47.71 million in pre-tax profit in 2021

  FLC Halong Bay Golf Club and Luxury Resort. — Photo FLC. vn HÀ NỘI — FLC Group Joint Stock Company expects to achieve more than VNĐ1.1 trillion (US$47.71 million) in pre-tax profit, and over VNĐ15 trillion in consolidated revenue this year, the group has said. The enterprise will organise a shareholders’ meeting on April […]


Report forecasts rosy economic prospects for ASEAN+3 region

  Glenn van Zutphen, AMRO Group Head and Lead Specialist Li Lian Ong, AMRO Economist and AREO Lead Author Marthe Hinojales, AMRO Economist and AREO Lead Author Anne Oeking, and AMRO Director Toshinori Doi gather on the virtual meeting for the report. — Photo courtesy of ARMO SINGAPORE — ASEAN and some of the bloc’s […]


HDBank profits top $251.8m, income from services up by half

  An HDBank transaction office in HCM City. The banker fulfils all financial targets approved at its annual general meeting last year. — Photo courtesy of the bank HCM CITY — The HCM City Development Joint Stock Commercial Bank has reported a pre-tax profit of VNĐ5.82 trillion (US$251.8 million) for last year, up 15.9 per […]


Gov’t needs to provide more support for SMEs in taking advantage of the EVFTA

  Workers at Trung Dũng Co Ltd, a manufacturer of elastic threads and yarn in Tân Triều Commune in Hà Nội’s suburban district Thanh Trì. The company employs around 200 people. SMEs now have more opportunities for development with the signing of free trade agreements (FTAs), Industry 4.0 and new business models. VNA/VNS Photo Thanh […]


Many banks to pay dividends in shares

  Customers at a branch of Vietnam International Bank (VIB) in Hà Nội. VIB plans to distribute bonus shares to increase capital from VNĐ11.09 trillion currently to over VNĐ15.53 trillion. VNA/VNS Photo HÀ NỘI — Many banks have announced their dividend payout plan in shares to raise capital and improve competitiveness amid the prolonged COVID-19 pandemic. The […]


Trade surplus in Q1 reaches more than $2 billion

  Workers pack rice for export in Giồng Riềng District, Kiên Giang Province. Vietnamese export turnover increased 22 per cent to reach US$77.34 billion in the first quarter.— VNA/VNS Photo Lê Huy Hải HÀ NỘI — The country’s export turnover increased 22 per cent to reach US$77.34 billion in the first quarter, while the trade surplus was estimated at $2.03 billion. […]


New strategy to place priority on green growth

  It is necessary to raise supports in term of taxes, fees and procedures to promote investment in environmental protection. — Photo haiquanonline.com.vn HÀ NỘI — The Ministry of Planning and Investment is drafting a national green growth strategy and plans to submit it to the Government by June to accelerate the transition towards a carbon-neutral economy in Việt Nam. Minister of […]


Đà Nẵng’s adjusted planning draws investors’ interest

  Han River Bridge. Eleven large corporations have registered to study investment in areas under Đà Nẵng’s newly-adjusted planning. — Photo kinhtethitruong.vn ĐÀ NẴNG – Eleven large corporations have registered to study investment in areas in Đà Nẵng after the central city announced information on its adjusted planning by 2030 with vision until 2045 at a […]