Latest News in Vietnam

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Newly-established firms down in Q1

  The Hanoi Business Registration Office’s staff solve legal procedure for businesses. VNA/VNS Photo Danh Lam  HÀ NỘI — Việt Nam had 29,300 newly-established enterprises with total registered capital of VNĐ447.8 trillion in the first quarter of this year, according to the General Statistics Office (GSO). These figures were down 1.4 per cent in the […]


Market ends higher, VN-Index inches closer to 1,190 point-level

Vinhomes Times City urban complex, which is invested by Vingroup, in Hà Nội. Vingroup shares led the market’s trend yesterday, up 3.72 per cent. — Photo vinhomesgardeniacity.com HÀ NỘI — Việt Nam’s stock market increased on Tuesday as many large-cap stocks rebounded in the afternoon session.  The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose […]


Mobile money set to further grow cashless payment services

With mobile money services, people can open an account on their phones for payment without bank accounts, making it especially helpful for people living in remote areas, where many do not have bank accounts. — Photo vnexpress.net  Compiled by Thiên Lý Military-owned Viettel Group, one of Việt Nam’s leading digital telecom firms, has made preparations […]


Bamboo Airways gets approval to operate direct flights to UK from May

  Bamboo airlines at Nội Bài International Airport. Bamboo Airways has received slots allocated at Heathrow Airport in London to fly six times a week from Hà Nội and HCM City starting in May. — VNA/VNS Photo Ngọc Hà HÀ NỘI — Bamboo Airways has received slots at Heathrow Airport in London to fly six times […]


Việt Nam-UK trade deal to officially take effect from May

  Representatives of Việt Nam and the UK hand over notes confirming the date when the UKVFTA comes into force. — VNA/VNS Photo HÀ NỘI — Việt Nam will announce to the UK side its ratification of the UK-Việt Nam Free Trade Agreement (UKVFTA) this month, so the deal can officially come into force from […]


Vietnamese economy expands 4.48 per cent in Q1

  Vietnamese economy shows positive results in the first quarter of this year despite the COVID-19 pandemic. — VNA/VNS Photo HÀ NỘI — The Vietnamese economy expanded at 4.48 per cent in the first quarter of 2021, a positive result in the context of the COVID-19 pandemic, according to the General Statistics Office. The economy grew […]


Southern provinces to expand industrial parks

  Long Hậu Industrial Park in Long An Province. Long An and other southern provinces plan to expand or build new industrial parks to welcome a new wave of foreign investment. — Photo courtesy of the industrial park HCM CITY — Provinces in the southern region plan to expand industrial parks (IPs) and continue improving the business climate to lure foreign […]


Vietnamese firms advised to promote online sale in Singapore

  Vietnamese lychees are sold in Singapore’s supermarket. — VNA/VNS Photo HÀ NỘI — Vietnamese enterprises are looking to sell their products online in Singapore where 73 per cent of its population regularly shop online and make cross-border transactions. According to the Vietnamese Trade Office in Singapore, as many as 21 out of 25 global leading […]


Many Vietnamese exporters see profit soar during COVID-19

Producing medical gloves at a factory in Bình Dương Province. — Photo plo.vn HÀ NỘI — Many Vietnamese exporters have seen a sudden increase in profits during the COVID-19 pandemic. VRG Khải Hoàn JSC said it was in a state of full capacity and often had to refuse orders. The company’s orders were only enough to run […]


Stocks finish higher while foreign investors continue to flee market

A Vietinbank office during transaction hours. Vietinbank shares rose 2.43 per cent on Monday, contributing the most to the market’s rally. — Photo vietinbank.vn HÀ NỘI — Markets edged higher on Monday as many big stocks across all sectors made gains. Foreign investors were still net sellers. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange […]


Vietjet opens new routes to celebrate a brilliant summer season

  A flight attendant serves food to passengers on board a Vietjet aircraft. — Photo courtesy of Vietjet HCM CITY Vietjet announced on Monday the launch of several new flight routes from Đà Nẵng, Thanh Hóa, Nha Trang, Đà Lạt and Vinh to Phú Quốc in order to celebrate a brilliant summer season and meet the travel needs of passengers on the […]


Moody’s upgrades VPBank’s outlook

  Transactions at Techcombank. Moody’s highly appreciated VPBank’s credit growth, good profit performance and capital potential in 2020. — Photo courtesy of the bank HÀ NỘI — Global credit rating firm Moody’s Investors Services has maintained Việt Nam Prosperity Bank (VPBank)’s long-term domestic and foreign currency deposits at B1 while raising its outlook from “stable” to “positive”. […]


Ship trapped in Suez Canal affects import and export activities in Việt Nam

  Vĩnh Hiệp Company exports the first 296 tonnes of coffee to European market under the Vietnam – Europe Free Trade Agreement (EVFTA) in 2020. Coffee traders need to find a new way for these beans to reach European ports because of the Suez Canal blockage. — VNA/VNS Photo Hồng Điệp HÀ NỘI — The […]


Stock market expected to maintain growth path in 2021

  Executives of Green Plus Joint Stock Corporation, Sato Yakuhin Kogyo, Hồ Chí Minh Securities Corporation, and Vietcombank’s Bình Tây branch sign co-operation agreements at a seminar on opportunities and challenges for the stock market in 2021held in HCM City on March 27. — VNS Photo HCM CITY — Việt Nam’s stock market is expected to maintain […]


Việt Nam’s first autonomous vehicle debuts

Việt Nam’s first self-driving vehicle’s prototype was displayed in front of a conference building at Phenikaa University. VNS Photo Ly Ly Cao HÀ NỘI — Phenikaa Group, a multi-sectoral corporation, has introduced its prototype of a level-4 autonomous vehicle, Việt Nam’s first smart self-driving vehicle. The vehicle is equipped with smart functions, artificial intelligence (AI) and advancements such as 2D/3D […]


Demand for plant-based foods, fake meats on the rise

  Delegates discuss the potential of and trends in plant-based products at a seminar held by the Business Association of High Quality Vietnamese Goods in HCM City on Thursday. — VNS Photo HCM CITY — Demand for meat alternatives and plant-based products has grown significantly and will continue to rise in the global market, including […]


Consumer lending to grow again in 2021

  The consumer finance market will resume rising this year. — Photo taichinhdoanhnghiep.net HÀ NỘI — The consumer finance market will have the chance to grow again in 2021 thanks to the country’s economic recovery, experts forecast. Võ Đại Lược, former director of the Institute of World Economics and Politics, said the consumer finance market would resume […]


Việt Nam and Thailand to complete QR payment in retail in the two country

  Vietnam and Thailand people can pay with QR code in many retail places in the other country with theỉ phones. — Photo courtesy of NAPAS HÀ NỘI — The Việt Nam National Payment Joint Stock Company (NAPAS) and Thailand Switching Company (NITMX) have announced the successful connection of retail payments using QR codes between Việt Nam and […]


Shares forecast to face sharp volatility this week

  CMC Corporation workers at its data centre in Hà Nội. Information technology stocks fell the most last week with losers including CMC Corporation (CMG), losing 7.2 per cent. — Photo CMC HÀ NỘI — Vietnamese shares are forecast to encounter sharp volatility in the short-term as the market shows signs of correction after three consecutive […]


MWG’s profit up 18 per cent

A MWG’s store in Thường Tín District, Hà Nội. — Photo www.thegioididong.com HÀ NỘI — As of February, Mobile World Investment Corporation (MWG)’s net revenue increased 6 per cent year-on-year to more than VNĐ21.7 trillion, with its profit after tax also up 18 per cent despite disruptions due to new COVID-19 cases.  A monthly report published on MWG’s […]